Chevron Probability of Target Price Finishing Above 112.3978

CVX -- USA Stock  

USD 121.13  1.49  1.22%

Chevron probability of target price tool provides mechanism to make assumptions about upside and downside potential of Chevron Corporation performance during a given time horizon utilizing its historical volatility. Please specify Chevron time horizon, a valid symbol (red box) and a target price (blue box) you would like Chevron odds to be computed. Check also Chevron Backtesting, Chevron Valuation, Chevron Correlation, Chevron Hype Analysis, Chevron Volatility, Chevron History as well as Chevron Performance.
Horizon     30 Days    Login   to change
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Chevron Target Price Odds to finish below 112.3978

Current PriceHorizonTarget PriceOdds to drop to $ 112.40  or more in 30 days
 121.13 30 days 112.40  NEAR 1%
Based on normal probability distribution, the odds of Chevron to drop to $ 112.40  or more in 30 days from now is near 1% (This Chevron Corporation probability density function shows the probability of Chevron Stock to fall within a particular range of prices over 30 days) . Probability of Chevron price to stay between $ 112.40  and its current price of $121.13 at the end of the 30-day period is about 90.43%.
Considering 30-days investment horizon, Chevron has beta of 0.5999 . This suggests as returns on market go up, Chevron average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Chevron Corporation will be expected to be much smaller as well. Additionally Chevron Corporation has an alpha of 0.0456 implying that it can potentially generate 0.0456% excess return over DOW after adjusting for the inherited market risk (beta).
 Chevron Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.04562
β
Beta against DOW=0.60
σ
Overall volatility
=2.23
Ir
Information ratio =0.01

Chevron Alerts

Chevron Alerts and Suggestions

About 67.0% of the company shares are held by institutions such as insurance companies
On August 16, 2018 Chevron paid $ 1.12 per share dividend to its current shareholders
Latest headline from MacroaxisInsider: Discretionary transaction by O Reilly David J of 2310 shares of Chevron subject to Rule 16b-3

Price Density Drivers

Chevron Health Indicators

Shares Percent Shares Out0.87%
Trailing Annual Dividend Rate4.40
Short Percent Of Float0.87%
Float Shares1.92B
Shares Short Prior Month17.94M
Average Daily Volume Last 10 Day5.41M
Average Daily Volume In Three Month5.13M
Date Short InterestAugust 31, 2018
Trailing Annual Dividend Yield3.68%
Check also Chevron Backtesting, Chevron Valuation, Chevron Correlation, Chevron Hype Analysis, Chevron Volatility, Chevron History as well as Chevron Performance. Please also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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