DarioHealth Corp Probability of Target Price

DarioHealth Corp -- USA Stock  

USD 2.18  0.11  5.31%

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

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 2.18 30 days 1.81  about 75.17% about 24.64%
Based on normal probability distribution, the odds of DarioHealth Corp to drop to $ 1.81  or more in 30 days from now is about 24.64%. Probability of DarioHealth Corp price to stay between $ 1.81  and its current price of $2.18 at the end of the 30-day period is about 75.05%.
Given the investment horizon of 30 days, DarioHealth Corp has beta of -5.2052 suggesting as returns on its benchmark rise, returns on holding DarioHealth Corp are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, DarioHealth Corp is expected to outperform its benchmark. Moreover DarioHealth Corp has an alpha of 1.6496 implying that it can potentially generate 1.6496% excess return over DOW after adjusting for the inherited market risk (beta).
25.0%
Odds to drop to $ 1.81  or more in 30 days
 DarioHealth Corp Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
= 1.65 
βBeta against DOW=(5.21) 
σ
Overall volatility
= 0.0994 
 IrInformation ratio = 0.14