Apple Probability of Target Price Finishing Over 192.14

AAPL -- USA Stock  

USD 191.44  0.44  0.23%

Apple probability of target price tool provides mechanism to make assumptions about upside and downside potential of Apple performance during a given time horizon utilizing its historical volatility. Please specify Apple time horizon, a valid symbol (red box) and a target price (blue box) you would like Apple odds to be computed. Check also Apple Backtesting, Apple Valuation, Apple Correlation, Apple Hype Analysis, Apple Volatility, Apple History as well as Apple Performance.
 Time Horizon     30 Days    Login   to change
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Apple Target Price Odds to finish over 192.14

Current PriceHorizonTarget PriceOdds 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).
 Apple Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.15
β
Beta against DOW=0.07
σ
Overall volatility
=3.02
Ir
Information ratio =0.0047

Apple Alerts

Apple Alerts and Suggestions
Apple has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations
About 62.0% of the company shares are held by institutions such as insurance companies
Latest headline from MacroaxisInsider: Sale by Johny Srouji of 5892 shares of Apple
Check also Apple Backtesting, Apple Valuation, Apple Correlation, Apple Hype Analysis, Apple Volatility, Apple History as well as Apple Performance. Please also try Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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