Ampco Pittsburgh Probability of Target Price Finishing Above 17.0

Ampco Pittsburgh Corporation -- USA Stock  

USD 13.25  0.2  1.53%

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
Investment 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
 13.25 30 days 17  near 1% close to 100%
Based on normal probability distribution, the odds of Ampco Pittsburgh to stay under $ 17  after 30 days from now is close to 100%. Probability of Ampco Pittsburgh price to stay between its current price of $ 13.25  and $ 17  at the end of the 30-day period is about 79.06%.
Allowing for the 30-days total investment horizon, the stock has beta coefficient of 2.4478 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Ampco Pittsburgh will likely underperform. 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%
Odds to stay under $ 17  after 30 days
 Ampco Pittsburgh Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.82
βBeta against DOW=2.45
σ
Overall volatility
=0.58
 IrInformation ratio =0.18