Alphabet Probability of Target Price Finishing Above 1030.93

GOOG -- USA Stock  

USD 1,039  5.03  0.48%

Alphabet probability of target price tool provides mechanism to make assumptions about upside and downside potential of Alphabet performance during a given time horizon utilizing its historical volatility. Please specify Alphabet time horizon, a valid symbol (red box) and a target price (blue box) you would like Alphabet odds to be computed. Please also check Alphabet Backtesting, Alphabet Valuation, Alphabet Correlation, Alphabet Hype Analysis, Alphabet Volatility, Alphabet History as well as Alphabet Performance.
Horizon     30 Days    Login   to change
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Alphabet Target Price Odds to finish below 1030.93

Current PriceHorizonTarget PriceOdds to drop to $ 1,031  or more in 30 days
 1,039 30 days 1,031  ABOUT 8.02%
Based on normal probability distribution, the odds of Alphabet to drop to $ 1,031  or more in 30 days from now is about 8.02% (This Alphabet probability density function shows the probability of Alphabet Stock to fall within a particular range of prices over 30 days) . Probability of Alphabet price to stay between $ 1,031  and its current price of $1038.63 at the end of the 30-day period is nearly 4.85%.
Given the investment horizon of 30 days, the stock has beta coefficient of 1.594 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Alphabet will likely underperform. Additionally Alphabet has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Alphabet Price Density 
      Price 
α
Alpha over DOW
=0.12
β
Beta against DOW=1.59
σ
Overall volatility
=28.72
Ir
Information ratio =0.08

Alphabet Alerts

Alphabet Alerts and Suggestions

Alphabet generates negative expected return over the last 30 days
Alphabet has high likelihood to experience some financial distress in the next 2 years
About 70.0% of the company shares are owned by institutional investors
Latest headline from finance.yahoo.com: US STOCKS-Wall Street drops on trade worries, SP500 nears correction

Price Density Drivers

Alphabet Health Indicators

Shares Percent Shares Out0.30%
Float Shares603.56M
Shares Short Prior Month2.09M
Average Daily Volume Last 10 Day1.8M
Average Daily Volume In Three Month1.68M
Date Short InterestOctober 15, 2018
Please also check Alphabet Backtesting, Alphabet Valuation, Alphabet Correlation, Alphabet Hype Analysis, Alphabet Volatility, Alphabet History as well as Alphabet Performance. Please also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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