Alphabet Probability of Target Price Finishing Above 1165.62

GOOG -- USA Stock  

USD 1,189  6.47  0.55%

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 1165.62

Current PriceHorizonTarget PriceOdds to drop to $ 1,166  or more in 30 days
 1,189 30 days 1,166 
ABOUT 61.75%
Based on normal probability distribution, the odds of Alphabet to drop to $ 1,166  or more in 30 days from now is about 61.75% (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 $ 1,166  and its current price of $1189.16 at the end of the 30-day period is about 18.23%.
Given the investment horizon of 30 days, the stock has beta coefficient of 1.1676 . 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 The company has an alpha of 0.2126 implying that it can potentially generate 0.2126% excess return over DOW after adjusting for the inherited market risk (beta).
 Alphabet Price Density 
      Price 
α
Alpha over DOW
=0.21
β
Beta against DOW=1.17
σ
Overall volatility
=43.19
Ir
Information ratio =0.1

Alphabet Alerts and Suggestions

About 70.0% of the company shares are owned by institutional investors

AlphabetPrice Density Drivers

Shares Percent Shares Out0.40%
Float Shares601.63M
Shares Short Prior Month2.49M
Average Daily Volume Last 10 Day1.28M
Average Daily Volume In Three Month1.53M
Date Short InterestJuly 31, 2019
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