Deere Probability of Target Price Finishing Above 128.33

Deere Company -- USA Stock  

USD 163.88  4.28  2.68%

Deere probability of target price tool provides mechanism to make assumptions about upside and downside potential of Deere Company performance during a given time horizon utilizing its historical volatility. Please specify Deere time horizon, a valid symbol (red box) and a target price (blue box) you would like Deere odds to be computed. Additionally see Deere Backtesting, Deere Valuation, Deere Correlation, Deere Hype Analysis, Deere Volatility, Deere History as well as Deere Performance
 Time Horizon     30 Days    Login   to change
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Deere Target Price Odds to finish below 128.33

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 163.88 30 days 128.33  close to 100% near 1%
Based on normal probability distribution, the odds of Deere to drop to $ 128.33  or more in 30 days from now is near 1%. Probability of Deere Company price to stay between $ 128.33  and its current price of $163.88 at the end of the 30-day period is about 65.01%.
Allowing for the 30-days total investment horizon, Deere Company has beta of -0.3876 suggesting as returns on benchmark increase, returns on holding Deere are expected to decrease at a much smaller rate. During bear market, however, Deere Company is likely to outperform the market. Additionally Deere Company has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
< 1%
Odds to drop to $ 128.33  or more in 30 days
 Deere Price Density 
Current Price   Target Price   
Alpha over DOW
Beta against DOW=0.39
Overall volatility
Information ratio =0.053792