CVS Health Probability of Target Price Finishing Above 70.99

CVS Health Corporation -- USA Stock  

USD 68.30  0.57  0.84%

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.
 Time 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
 68.30 30 days 70.99  about 1.32% about 99.0%
Based on normal probability distribution, the odds of CVS Health to stay under $ 70.99  after 30 days from now is about 99.0% (This CVS Health Corporation probability density function shows the probability of CVS Health Stock to fall within a particular range of prices over 30 days) . Probability of CVS Health price to stay between its current price of $ 68.30  and $ 70.99  at the end of the 30-day period is about 10.95%.
Considering 30-days investment horizon, CVS Health Corporation has beta of -0.0359 . This suggests as returns on benchmark increase, returns on holding CVS Health are expected to decrease at a much smaller rate. During bear market, however, CVS Health Corporation is likely to outperform the market. 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
99.0%
Odds to stay under $ 70.99  after 30 days
 CVS Health Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.008568
β
Beta against DOW=0.04
σ
Overall volatility
=2.54
Ir
Information ratio =0.016071

Current Sentiment - CVS

CVS Health Investor Sentiment
Predominant part of Macroaxis users are currently bullish on CVS Health Corporation. What is your opinion about investing in CVS Health Corporation? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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