CDK Global Probability of Target Price

CDK Global Inc -- USA Stock  

USD 64.73  0.03  0.05%

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
Investment Horizon     30 Days    Login   to change
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Odds Analysis

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 64.73 30 days 64.66  about 19.37% about 80.2%
Based on normal probability distribution, the odds of CDK Global to drop to $ 64.66  or more in 30 days from now is about 80.2%. Probability of CDK Global Inc price to stay between $ 64.66  and its current price of $64.73 at the end of the 30-day period is about 1.74%.
Considering 30-days investment horizon, CDK Global Inc has beta of -0.0924 . This suggests as returns on benchmark increase, returns on holding CDK Global are expected to decrease at a much smaller rate. During bear market, however, CDK Global Inc is likely to outperform the market. Additionally CDK Global Inc has an alpha of 0.1891 implying that it can potentially generate 0.1891% excess return over DOW after adjusting for the inherited market risk (beta).
80.0%
Odds to drop to $ 64.66  or more in 30 days
 CDK Global Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
= 0.19 
βBeta against DOW=(0.0924) 
σ
Overall volatility
= 1.07 
 IrInformation ratio = 0.11