Ampco Pittsburgh Probability of Target Price Finishing Above 17.0

Ampco Pittsburgh Corporation -- USA Stock  

USD 11.00  0.25  2.33%

Ampco Pittsburgh probability of target price tool provides mechanism to make assumptions about upside and downside potential of Ampco Pittsburgh Corporation performance during a given time horizon utilizing its historical volatility. Please specify Ampco Pittsburgh time horizon, a valid symbol (red box) and a target price (blue box) you would like Ampco Pittsburgh odds to be computed. Check also Ampco Pittsburgh Backtesting, Ampco Pittsburgh Valuation, Ampco Pittsburgh Correlation, Ampco Pittsburgh Hype Analysis, Ampco Pittsburgh Volatility, Ampco Pittsburgh History as well as Ampco Pittsburgh Performance
 Time Horizon     30 Days    Login   to change
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Ampco Pittsburgh Target Price Odds to finish below 17.0

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 11.00 30 days 17.00  about 1.14% about 99.0%
Based on normal probability distribution, the odds of Ampco Pittsburgh to stay under $ 17.00  after 30 days from now is about 99.0%. Probability of Ampco Pittsburgh price to stay between its current price of $ 11.00  and $ 17.00  at the end of the 30-day period is about 85.59%.
Allowing for the 30-days total investment horizon, Ampco Pittsburgh has beta of 0.8412 . This suggests as returns on market go up, Ampco Pittsburgh average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Ampco Pittsburgh Corporation will be expected to be much smaller as well. Additionally Ampco Pittsburgh Corporation has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
99.0%
Odds to stay under $ 17.00  after 30 days
 Ampco Pittsburgh Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.95
β
Beta against DOW=0.84
σ
Overall volatility
=1.77
Ir
Information ratio =0.3