|Current Price||Horizon||Target Price||Odds to stay above $ 192.14 in 30 days|
| 221.19 ||30 days|| 192.14 || CLOSE TO 99%|
Based on normal probability distribution, the odds of Apple to stay above $ 192.14 in 30 days from now is close to 99% (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 $ 192.14 and its current price of $221.19 at the end of the 30-day period is about 45.3%.
Given the investment horizon of 30 days, the stock has beta coefficient of 1.0067 . This suggests Apple market returns are very sensitive to returns on the market. As the market benchmark goes up or down, Apple is expected to follow. Additionally Apple has an alpha of 0.2008 implying that it can potentially generate 0.2008% excess return over DOW after adjusting for the inherited market risk (beta).
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