CVS Health Probability of Target Price Finishing Over 74.7002

CVS Health Corporation -- USA Stock  

USD 79.44  0.09  0.11%

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 over 74.7002

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 79.44 30 days 74.7  about 60.53% about 39.18%
Based on normal probability distribution, the odds of CVS Health to stay above $ 74.7  in 30 days from now is about 60.53%. Probability of CVS Health price to stay between $ 74.7  and its current price of $79.44 at the end of the 30-day period is about 52.68%.
Considering 30-days investment horizon, CVS Health Corporation has beta of -0.4832 . 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 an alpha of 0.5104813458909091 implying that it can potentially generate 0.5104813458909091% excess return over DOW after adjusting for the inherited market risk (beta).
61.0%
Odds to stay above $ 74.7  in 30 days
 CVS Health Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.51
β
Beta against DOW=0.48
σ
Overall volatility
=2.82
Ir
Information ratio =0.064306