CDK Global Probability of Target Price Finishing Above 64.66

CDK Global Inc -- USA Stock  

USD 69.06  1.19  1.69%

CDK Global probability of target price tool provides mechanism to make assumptions about upside and downside potential of CDK Global Inc performance during a given time horizon utilizing its historical volatility. Please specify CDK Global time horizon, a valid symbol (red box) and a target price (blue box) you would like CDK Global odds to be computed. Check also CDK Global Backtesting, CDK Global Valuation, CDK Global Correlation, CDK Global Hype Analysis, CDK Global Volatility, CDK Global History as well as CDK Global Performance
 Time Horizon     30 Days    Login   to change
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CDK Global Target Price Odds to finish below 64.66

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 69.06 30 days 64.66  close to 100% near 1%
Based on normal probability distribution, the odds of CDK Global to drop to $ 64.66  or more in 30 days from now is near 1%. Probability of CDK Global Inc price to stay between $ 64.66  and its current price of $69.06 at the end of the 30-day period is about 21.1%.
Considering 30-days investment horizon, CDK Global has beta of 0.685 . This suggests as returns on market go up, CDK Global average returns are expected to increase less than the benchmark. However during bear market, the loss on holding CDK Global Inc will be expected to be much smaller as well. Additionally CDK Global Inc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
< 1%
Odds to drop to $ 64.66  or more in 30 days
 CDK Global Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.13
β
Beta against DOW=0.69
σ
Overall volatility
=2.47
Ir
Information ratio =0.04