Chevron Probability of Target Price Finishing Over 112.3978

Chevron Corporation -- USA Stock  

USD 112.59  2.70  2.46%

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
 Time Horizon     30 Days    Login   to change
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Chevron Target Price Odds to finish over 112.3978

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 112.59 30 days 112.40  about 76.75% about 23.1%
Based on normal probability distribution, the odds of Chevron to stay above $ 112.40  in 30 days from now is about 76.75%. Probability of Chevron price to stay between $ 112.40  and its current price of $112.59 at the end of the 30-day period is near 1%.
Considering 30-days investment horizon, Chevron Corporation has beta of -0.6136 . This suggests as returns on benchmark increase, returns on holding Chevron are expected to decrease at a much smaller rate. During bear market, however, Chevron Corporation is likely to outperform the market. Additionally Chevron Corporation has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Odds to stay above $ 112.40  in 30 days
 Chevron Price Density 
Current Price   Target Price   
Alpha over DOW
Beta against DOW=0.61
Overall volatility
Information ratio =0.22