|Current Price||Horizon||Target Price||Odds to move over $ 192.14 or more in 30 days|
| 191.44 ||30 days|| 192.14 || ABOUT 6.1%|
Based on normal probability distribution, the odds of Apple to move over $ 192.14 or more in 30 days from now is about 6.1% (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 $ 191.44 and $ 192.14 at the end of the 30-day period is under 4%.
Given the investment horizon of 30 days, Apple has beta of -0.0709 . This suggests as returns on benchmark increase, returns on holding Apple are expected to decrease at a much smaller rate. During bear market, however, Apple is likely to outperform the market. Additionally Apple has an alpha of 0.1539 implying that it can potentially generate 0.1539% excess return over DOW after adjusting for the inherited market risk (beta).
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