Dover Downs Probability of Target Price Finishing Above 1.05

Dover Downs Gaming Entertainment Inc -- USA Stock  

USD 0.95  0.005  0.53%

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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Dover Downs Target Price Odds to finish below 1.05

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 0.95 30 days 1.05  under 4% roughly 97.0%
Based on normal probability distribution, the odds of Dover Downs to stay under $ 1.05  after 30 days from now is roughly 97.0%. Probability of Dover Downs Gaming price to stay between its current price of $ 0.95  and $ 1.05  at the end of the 30-day period is about 93.0%.
Considering 30-days investment horizon, Dover Downs Gaming Entertainment Inc has beta of -0.7666 suggesting as returns on benchmark increase, returns on holding Dover Downs are expected to decrease at a much smaller rate. During bear market, however, Dover Downs Gaming Entertainment Inc is likely to outperform the market. Additionally Dover Downs Gaming Entertainment Inc has an alpha of 0.2533122776454545 implying that it can potentially generate 0.2533122776454545% excess return over DOW after adjusting for the inherited market risk (beta).
Odds to stay under $ 1.05  after 30 days
 Dover Downs Price Density 
Current Price   Target Price   
Alpha over DOW
βBeta against DOW=0.77
Overall volatility
 IrInformation ratio =0.06