Edwards Lifesciences Probability of Target Price

Edwards Lifesciences Corporation -- USA Stock  

USD 108.25  0.27  0.25%

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
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Odds Analysis

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 108.25 30 days 110.22  about 54.1% about 45.06%
Based on normal probability distribution, the odds of Edwards Lifesciences to stay under $ 110.22  after 30 days from now is about 45.06%. Probability of Edwards Lifesciences price to stay between its current price of $ 108.25  and $ 110.22  at the end of the 30-day period is about 39.98%.
Allowing for the 30-days total investment horizon, Edwards Lifesciences has beta of 0.7638 suggesting as returns on market go up, Edwards Lifesciences average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Edwards Lifesciences Corporation will be expected to be much smaller as well. Additionally Edwards Lifesciences Corporation has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
45.0%
Odds to stay under $ 110.22  after 30 days
 Edwards Lifesciences Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=(0.31) 
βBeta against DOW= 0.76 
σ
Overall volatility
= 1.35 
 IrInformation ratio =(0.37)