Dover Downs Probability of Target Price

Dover Downs Gaming Entertainment Inc -- USA Stock  

USD 1.06  0.07  7.07%

Dover Downs probability of target price tool provides mechanism to make assumptions about upside and downside potential of Dover Downs Gaming Entertainment Inc performance during a given time horizon utilizing its historical volatility. Please specify Dover Downs time horizon, a valid symbol (red box) and a target price (blue box) you would like Dover Downs odds to be computed. Additionally see Dover Downs Backtesting, Dover Downs Valuation, Dover Downs Correlation, Dover Downs Hype Analysis, Dover Downs Volatility, Dover Downs History as well as Dover Downs Performance
Investment Horizon     30 Days    Login   to change
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Odds Analysis

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 1.06 30 days 1.05  about 16.35% about 83.3%
Based on normal probability distribution, the odds of Dover Downs to drop to $ 1.05  or more in 30 days from now is about 83.3%. Probability of Dover Downs Gaming price to stay between $ 1.05  and its current price of $1.06 at the end of the 30-day period is about 9.41%.
Considering 30-days investment horizon, Dover Downs has beta of 0.4788 suggesting as returns on market go up, Dover Downs average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Dover Downs Gaming Entertainment Inc will be expected to be much smaller as well. Additionally Dover Downs Gaming Entertainment Inc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
83.0%
Odds to drop to $ 1.05  or more in 30 days
 Dover Downs Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=(0.0329) 
βBeta against DOW= 0.48 
σ
Overall volatility
= 0.0214 
 IrInformation ratio =(0.0353)