CVS Health Probability of Target Price Finishing Over 74.7002

CVS Health Corporation -- USA Stock  

USD 69.8  0.88  1.25%

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 over 74.7002

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 69.8 30 days 74.7  about 10.38% about 89.49%
Based on normal probability distribution, the odds of CVS Health to move over $ 74.7  or more in 30 days from now is about 10.38%. Probability of CVS Health price to stay between its current price of $ 69.8  and $ 74.7  at the end of the 30-day period is about 56.16%.
Considering 30-days investment horizon, CVS Health Corporation has beta of -0.8671 . This suggests 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
10.0%
Odds to move over $ 74.7  or more in 30 days
 CVS Health Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.19
βBeta against DOW=0.87
σ
Overall volatility
=2.9
 IrInformation ratio =0.14