Ampco Pittsburgh Probability of Target Price

Ampco Pittsburgh Corporation -- USA Stock  

USD 17.45  0.8  4.38%

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
Refresh Odds

Odds Analysis

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 17.45 30 days 17  roughly 96.0% under 4%
Based on normal probability distribution, the odds of Ampco Pittsburgh to drop to $ 17  or more in 30 days from now is under 4%. Probability of Ampco Pittsburgh price to stay between $ 17  and its current price of $17.45 at the end of the 30-day period is about 27.77%.
Allowing for the 30-days total investment horizon, Ampco Pittsburgh Corporation has beta of -0.9233 . This suggests Additionally Ampco Pittsburgh Corporation has an alpha of 0.3702 implying that it can potentially generate 0.3702% excess return over DOW after adjusting for the inherited market risk (beta).
3.0%
Odds to drop to $ 17  or more in 30 days
 Ampco Pittsburgh Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
= 0.37 
βBeta against DOW=(0.92) 
σ
Overall volatility
= 0.34 
 IrInformation ratio = 0.0484