|Current Price||Horizon||Target Price||Odds to move over $ 128.90 or more in 30 days|
| 115.35 ||30 days|| 128.90 || NEAR 1%|
Based on normal probability distribution, the odds of Chevron to move over $ 128.90 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 its current price of $ 115.35 and $ 128.90 at the end of the 30-day period is about 49.66%.
Considering 30-days investment horizon, Chevron has beta of 0.8505 . This suggests Chevron Corporation market returns are very sensitive to returns on the market. As the market benchmark goes up or down, Chevron is expected to follow. Additionally Chevron Corporation has an alpha of 0.0574 implying that it can potentially generate 0.0574% excess return over DOW after adjusting for the inherited market risk (beta).