|Current Price||Horizon||Target Price||Odds to drop to $ 1.05 or more in 30 days|
| 2.02 ||30 days|| 1.05 || NEAR 1%|
Based on normal probability distribution, the odds of Dover Downs to drop to $ 1.05 or more in 30 days from now is near 1% (This Dover Downs Gaming Entertainment probability density function shows the probability of Dover Downs Stock to fall within a particular range of prices over 30 days) . Probability of Dover Downs Gaming price to stay between $ 1.05 and its current price of $2.02 at the end of the 30-day period is about 90.25%.
Considering 30-days investment horizon, the stock has beta coefficient of 1.4615 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Dover Downs will likely underperform. Additionally Dover Downs Gaming Entertainment has an alpha of 0.6284 implying that it can potentially generate 0.6284% excess return over DOW after adjusting for the inherited market risk (beta).
Dover Downs Price Density
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|Current Price || ||Target Price || |