CVS Health Probability of Target Price Finishing Over 80.76

CVS Health Corporation -- USA Stock  

USD 70.38  1.1  1.54%

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
Refresh Odds

CVS Health Target Price Odds to finish over 80.76

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 70.38 30 days 80.76  near 1% close to 100%
Based on normal probability distribution, the odds of CVS Health to move over $ 80.76  or more in 30 days from now is near 1%. Probability of CVS Health price to stay between its current price of $ 70.38  and $ 80.76  at the end of the 30-day period is about 50.7%.
Considering 30-days investment horizon, CVS Health Corporation has beta of -0.4227 . 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
< 1%
Odds to move over $ 80.76  or more in 30 days
 CVS Health Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.25
βBeta against DOW=0.42
σ
Overall volatility
=2.22
 IrInformation ratio =0.16