Edwards Lifesciences Probability of Target Price Finishing Above 110.22

Edwards Lifesciences Corporation -- USA Stock  

USD 115.4  1.18  1.03%

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

Edwards Lifesciences Target Price Odds to finish below 110.22

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 115.4 30 days 110.22  about 73.24% about 26.5%
Based on normal probability distribution, the odds of Edwards Lifesciences to drop to $ 110.22  or more in 30 days from now is about 26.5%. Probability of Edwards Lifesciences price to stay between $ 110.22  and its current price of $115.4 at the end of the 30-day period is about 47.49%.
Allowing for the 30-days total investment horizon, the stock has beta coefficient of 1.467 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, Edwards Lifesciences will likely underperform. Additionally Edwards Lifesciences Corporation has an alpha of 0.01355379277272728 implying that it can potentially generate 0.01355379277272728% excess return over DOW after adjusting for the inherited market risk (beta).
27.0%
Odds to drop to $ 110.22  or more in 30 days
 Edwards Lifesciences Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.013554
βBeta against DOW=1.47
σ
Overall volatility
=4.07
 IrInformation ratio =0.086292