CVS Health Probability of Target Price Finishing Over 89.5

CVS Health Corporation -- USA Stock  

USD 79.35  0.51  0.64%

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 89.5

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 79.35 30 days 89.5  near 1% close to 100%
Based on normal probability distribution, the odds of CVS Health to move over $ 89.5  or more in 30 days from now is near 1%. Probability of CVS Health price to stay between its current price of $ 79.35  and $ 89.5  at the end of the 30-day period is about 10.9%.
Considering 30-days investment horizon, the stock has beta coefficient of 1.3515 . 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 an alpha of 0.19487924409090912 implying that it can potentially generate 0.19487924409090912% excess return over DOW after adjusting for the inherited market risk (beta).
< 1%
Odds to move over $ 89.5  or more in 30 days
 CVS Health Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.19
β
Beta against DOW=1.35
σ
Overall volatility
=2.91
Ir
Information ratio =0.2