CVS Health Probability of Target Price Finishing Above 74.7002

CVS Health Corporation -- USA Stock  

USD 63.63  2.02  3.08%

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 74.7002

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 63.63 30 days 74.70  near 1% close to 100%
Based on normal probability distribution, the odds of CVS Health to stay under $ 74.70  after 30 days from now is close to 100%. Probability of CVS Health price to stay between its current price of $ 63.63  and $ 74.70  at the end of the 30-day period is close to 100%.
Considering 30-days investment horizon, CVS Health Corporation has beta of -0.3774 . 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%
Odds to stay under $ 74.70  after 30 days
 CVS Health Price Density 
Current Price   Target Price   
Alpha over DOW
Beta against DOW=0.38
Overall volatility
Information ratio =0.3