Chevron Probability of Target Price Finishing Above 117.18

CVX -- USA Stock  

USD 117.49  1.44  1.24%

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 117.18

Current PriceHorizonTarget PriceOdds to drop to $ 117.18  or more in 30 days
 117.49 30 days 117.18  ABOUT 54.82%
Based on normal probability distribution, the odds of Chevron to drop to $ 117.18  or more in 30 days from now is about 54.82% (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 $ 117.18  and its current price of $117.49 at the end of the 30-day period is under 4%.
Considering 30-days investment horizon, Chevron has beta of 0.8446 . 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 a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Chevron Price Density 
      Price 
α
Alpha over DOW
=0.04
β
Beta against DOW=0.84
σ
Overall volatility
=3.69
Ir
Information ratio =0.0076

Chevron Alerts

Chevron Alerts and Suggestions

About 67.0% of the company shares are held by institutions such as insurance companies

Price Density Drivers

Chevron Health Indicators

Shares Percent Shares Out0.92%
Trailing Annual Dividend Rate4.44
Short Percent Of Float0.92%
Float Shares1.91B
Shares Short Prior Month17.62M
Average Daily Volume Last 10 Day6.72M
Average Daily Volume In Three Month6.65M
Date Short InterestOctober 31, 2018
Trailing Annual Dividend Yield3.79%
Check also Chevron Backtesting, Chevron Valuation, Chevron Correlation, Chevron Hype Analysis, Chevron Volatility, Chevron History as well as Chevron Performance. Please also try Equity Valuation module to check real value of public entities based on technical and fundamental data.
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