CVS Health Probability of Target Price Finishing Above 70.99

CVS Health Corporation -- USA Stock  

USD 70.68  0.42  0.6%

CVS Health probability of target price tool provides mechanism to make assumptions about upside and downside potential of CVS Health Corporation performance during a given time horizon utilizing its historical volatility. Please specify CVS Health time horizon, a valid symbol (red box) and a target price (blue box) you would like CVS Health odds to be computed. Check also CVS Health Backtesting, CVS Health Valuation, CVS Health Correlation, CVS Health Hype Analysis, CVS Health Volatility, CVS Health History as well as CVS Health Performance
Investment Horizon     30 Days    Login   to change
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CVS Health Target Price Odds to finish below 70.99

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 70.68 30 days 70.99  about 50.69% about 49.02%
Based on normal probability distribution, the odds of CVS Health to stay under $ 70.99  after 30 days from now is about 49.02%. Probability of CVS Health price to stay between its current price of $ 70.68  and $ 70.99  at the end of the 30-day period is nearly 4.25%.
Considering 30-days investment horizon, CVS Health has beta of 0.6316 . This suggests as returns on market go up, CVS Health average returns are expected to increase less than the benchmark. However during bear market, the loss on holding CVS Health Corporation will be expected to be much smaller as well. Additionally CVS Health Corporation has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
49.0%
Odds to stay under $ 70.99  after 30 days
 CVS Health Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.26
βBeta against DOW=0.63
σ
Overall volatility
=2.9
 IrInformation ratio =0.13