Apple Probability of Target Price Finishing Over 192.14

AAPL -- USA Stock  

USD 221.19  1.88  0.86%

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.
Horizon     30 Days    Login   to change
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Apple Target Price Odds to finish over 192.14

Current PriceHorizonTarget PriceOdds 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).
 Apple Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.20
β
Beta against DOW=1.01
σ
Overall volatility
=5.03
Ir
Information ratio =0.10

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 61.0% of the company shares are held by institutions such as insurance companies
Latest headline from MacroaxisInsider: Sale by Fadell Anthony of 85000 shares of Apple

Price Density Drivers

Apple Health Indicators

Shares Percent Shares Out0.83%
Trailing Annual Dividend Rate2.62
Short Percent Of Float0.79%
Float Shares4.57B
Shares Short Prior Month47.55M
Average Daily Volume Last 10 Day34.7M
Average Daily Volume In Three Month31.16M
Date Short InterestSeptember 28, 2018
Trailing Annual Dividend Yield1.18%
Check also Apple Backtesting, Apple Valuation, Apple Correlation, Apple Hype Analysis, Apple Volatility, Apple History as well as Apple Performance. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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