Alphabet Probability of Target Price Finishing Above 1085.11

GOOG -- USA Stock  

USD 1,064  24.13  2.32%

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 1085.11

Current PriceHorizonTarget PriceOdds to stay under $ 1,085  after 30 days
 1,064 30 days 1,085  ABOUT 67.14%
Based on normal probability distribution, the odds of Alphabet to stay under $ 1,085  after 30 days from now is about 67.14% (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 its current price of $ 1,064  and $ 1,085  at the end of the 30-day period is about 26.05%.
Given the investment horizon of 30 days, the stock has beta coefficient of 1.4048 . 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 an alpha of 0.0293 implying that it can potentially generate 0.0293% excess return over DOW after adjusting for the inherited market risk (beta).
 Alphabet Price Density 
      Price 
α
Alpha over DOW
=0.029271
β
Beta against DOW=1.40
σ
Overall volatility
=31.99
Ir
Information ratio =0.02

Alphabet Alerts

Alphabet Alerts and Suggestions

Alphabet generates negative expected return over the last 30 days
About 70.0% of the company shares are owned by institutional investors

Price Density Drivers

Alphabet Health Indicators

Shares Percent Shares Out0.32%
Float Shares603.53M
Shares Short Prior Month2.18M
Average Daily Volume Last 10 Day1.93M
Average Daily Volume In Three Month1.8M
Date Short InterestOctober 31, 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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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