Chevron Probability of Target Price Finishing Over 128.9

CVX -- USA Stock  

USD 117.66  0.28  0.24%

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.
 Time Horizon     30 Days    Login   to change
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Chevron Target Price Odds to finish over 128.9

Current PriceHorizonTarget PriceOdds to move over $ 128.90  or more in 30 days
 117.66 30 days 128.90  ABOUT 1.03%
Based on normal probability distribution, the odds of Chevron to move over $ 128.90  or more in 30 days from now is about 1.03% (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 its current price of $ 117.66  and $ 128.90  at the end of the 30-day period is about 98.0%.
Considering 30-days investment horizon, Chevron has beta of 0.4599 . 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 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.18
β
Beta against DOW=0.46
σ
Overall volatility
=2.42
Ir
Information ratio =0.16

Chevron Alerts

Chevron Alerts and Suggestions
Chevron generates negative expected return over the last 30 days
About 66.0% 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 www.zacks.com: Oil Gas Stock Roundup Exxon, Chevron, Shell Earnings Miss Despite Oil Rally
Check also Chevron Backtesting, Chevron Valuation, Chevron Correlation, Chevron Hype Analysis, Chevron Volatility, Chevron History as well as Chevron Performance. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.