CVS Health Probability of Target Price Finishing Over 80.76

CVS Health Corporation -- USA Stock  

USD 67.99  0.77  1.12%

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 80.76

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 67.99 30 days 80.76  about 14.19% about 85.7%
Based on normal probability distribution, the odds of CVS Health to move over $ 80.76  or more in 30 days from now is about 14.19%. Probability of CVS Health price to stay between its current price of $ 67.99  and $ 80.76  at the end of the 30-day period is about 78.32%.
Considering 30-days investment horizon, CVS Health has beta of 0.8837 . This suggests CVS Health Corporation market returns are very sensitive to returns on the market. As the market benchmark goes up or down, CVS Health is expected to follow. 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
14.0%
Odds to move over $ 80.76  or more in 30 days
 CVS Health Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.51
β
Beta against DOW=0.88
σ
Overall volatility
=5.08
Ir
Information ratio =0.24