DXP Enterprises Probability of Target Price Finishing Above 31.73

DXP Enterprises Inc -- USA Stock  

USD 28.27  0.48  1.73%

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
Investment 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
 28.27 30 days 31.73  near 1% close to 100%
Based on normal probability distribution, the odds of DXP Enterprises to stay under $ 31.73  after 30 days from now is close to 100%. Probability of DXP Enterprises Inc price to stay between its current price of $ 28.27  and $ 31.73  at the end of the 30-day period is about 10.39%.
Given the investment horizon of 30 days, the stock has beta coefficient of 2.2988 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, DXP Enterprises will likely underperform. 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
> 99%
Odds to stay under $ 31.73  after 30 days
 DXP Enterprises Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.16
βBeta against DOW=2.3
σ
Overall volatility
=1.08
 IrInformation ratio =0.041151