DXP Enterprises Probability of Target Price Finishing Above 31.73

DXP Enterprises Inc -- USA Stock  

USD 30.71  0.24  0.79%

DXP Enterprises probability of target price tool provides mechanism to make assumptions about upside and downside potential of DXP Enterprises Inc performance during a given time horizon utilizing its historical volatility. Please specify DXP Enterprises time horizon, a valid symbol (red box) and a target price (blue box) you would like DXP Enterprises odds to be computed. Additionally see DXP Enterprises Backtesting, DXP Enterprises Valuation, DXP Enterprises Correlation, DXP Enterprises Hype Analysis, DXP Enterprises Volatility, DXP Enterprises History as well as DXP Enterprises Performance
 Time Horizon     30 Days    Login   to change
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DXP Enterprises Target Price Odds to finish below 31.73

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 30.71 30 days 31.73  about 58.58% about 41.21%
Based on normal probability distribution, the odds of DXP Enterprises to stay under $ 31.73  after 30 days from now is about 41.21%. Probability of DXP Enterprises Inc price to stay between its current price of $ 30.71  and $ 31.73  at the end of the 30-day period is about 19.24%.
Given the investment horizon of 30 days, DXP Enterprises has beta of 0.6675 suggesting as returns on market go up, DXP Enterprises average returns are expected to increase less than the benchmark. However during bear market, the loss on holding DXP Enterprises Inc will be expected to be much smaller as well. Additionally DXP Enterprises Inc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
41.0%
Odds to stay under $ 31.73  after 30 days
 DXP Enterprises Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.4
β
Beta against DOW=0.67
σ
Overall volatility
=1.86
Ir
Information ratio =0.21