CVS Health Probability of Target Price Finishing Above 74.7002

CVS -- USA Stock  

USD 66.14  1.76  2.59%

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 PriceOdds to stay under $ 74.70  after 30 days
 66.14 30 days 74.70  CLOSE TO 99%
Based on normal probability distribution, the odds of CVS Health to stay under $ 74.70  after 30 days from now is close to 99% (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 $ 66.14  and $ 74.70  at the end of the 30-day period is about 79.1%.
Considering 30-days investment horizon, the stock has beta coefficient of 1.1529 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, CVS Health will likely underperform. 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
 CVS Health Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.47
β
Beta against DOW=1.15
σ
Overall volatility
=2.40
Ir
Information ratio =0.24

CVS Health Alerts

CVS Health Alerts and Suggestions
CVS Health generates negative expected return over the last 30 days
CVS Health has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial commitments
Over 86.0% of the company shares are held by institutions such as insurance companies
Latest headline from MacroaxisInsider: Acquisition by Millon Jean Pierre of 1056 shares of CVS Health subject to Rule 16b-3
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. Please also try Aroon Oscillator module to analyze current equity momentum using aroon oscillator and other momentum ratios.
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