|Current Price||Horizon||Target Price||Odds to stay under $ 172.70 after 30 days|
| 168.49 ||30 days|| 172.70 || ABOUT 5.97%|
Based on normal probability distribution, the odds of Apple to stay under $ 172.70 after 30 days from now is about 5.97% (This Apple probability density function shows the probability of Apple Stock to fall within a particular range of prices over 30 days) . Probability of Apple price to stay between its current price of $ 168.49 and $ 172.70 at the end of the 30-day period is roughly 2.25%.
Given the investment horizon of 30 days, the stock has beta coefficient of 1.4196 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Apple will likely underperform. Additionally Apple has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW