|Current Price||Horizon||Target Price||Odds 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