CDK Global Probability of Target Price Finishing Above 64.66

CDK -- USA Stock  

USD 63.12  0.20  0.32%

CDK Global probability of target price tool provides mechanism to make assumptions about upside and downside potential of CDK Global 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.
Horizon     30 Days    Login   to change
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CDK Global Target Price Odds to finish below 64.66

Current PriceHorizonTarget PriceOdds to stay under $ 64.66  after 30 days
 63.12 30 days 64.66  CLOSE TO 99%
Based on normal probability distribution, the odds of CDK Global to stay under $ 64.66  after 30 days from now is close to 99% (This CDK Global probability density function shows the probability of CDK Global Stock to fall within a particular range of prices over 30 days) . Probability of CDK Global price to stay between its current price of $ 63.12  and $ 64.66  at the end of the 30-day period is under 4%.
Considering 30-days investment horizon, CDK Global has beta of 0.4407 . 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 will be expected to be much smaller as well. Additionally CDK Global has an alpha of 0.0685 implying that it can potentially generate 0.0685% excess return over DOW after adjusting for the inherited market risk (beta).
 CDK Global Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.07
β
Beta against DOW=0.44
σ
Overall volatility
=0.73
Ir
Information ratio =0.032621

CDK Global Alerts

CDK Global Alerts and Suggestions

Over 89.0% of the company shares are held by institutions such as insurance companies
On August 31, 2018 CDK Global paid $ 0.15 per share dividend to its current shareholders
Latest headline from www.baseballdailydigest.com: Boston Partners Buys New Holdings in CDK Global Inc
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. Please also try Equity Search module to search for activelly-traded equities including funds and etfs from over 30 global markets.
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