|Current Price||Horizon||Target Price||Odds to drop to $ 1,031 or more in 30 days|
| 1,214 ||30 days|| 1,031 || NEAR 1%|
Based on normal probability distribution, the odds of Alphabet to drop to $ 1,031 or more in 30 days from now is near 1% (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 $1214.38 at the end of the 30-day period is about 28.64%.
Given the investment horizon of 30 days, Alphabet has beta of 0.1366 . This indicates as returns on market go up, Alphabet average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Alphabet will be expected to be much smaller as well. Additionally Alphabet has an alpha of 0.0244 implying that it can potentially generate 0.0244% excess return over DOW after adjusting for the inherited market risk (beta).
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