Gartner Probability of Target Price Finishing Above 122.39

Gartner Inc -- USA Stock  

USD 139.21  0.76  0.55%

Gartner probability of target price tool provides mechanism to make assumptions about upside and downside potential of Gartner Inc performance during a given time horizon utilizing its historical volatility. Please specify Gartner time horizon, a valid symbol (red box) and a target price (blue box) you would like Gartner odds to be computed. Please also check Gartner Backtesting, Gartner Valuation, Gartner Correlation, Gartner Hype Analysis, Gartner Volatility, Gartner History as well as Gartner Performance
 Time Horizon     30 Days    Login   to change
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Gartner Target Price Odds to finish below 122.39

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 139.21 30 days 122.39  about 88.81% about 11.05%
Based on normal probability distribution, the odds of Gartner to drop to $ 122.39  or more in 30 days from now is about 11.05%. Probability of Gartner Inc price to stay between $ 122.39  and its current price of $139.21 at the end of the 30-day period is about 86.91%.
Allowing for the 30-days total investment horizon, Gartner Inc has beta of -0.0262 . This indicates as returns on benchmark increase, returns on holding Gartner are expected to decrease at a much smaller rate. During bear market, however, Gartner Inc is likely to outperform the market. Additionally Gartner Inc has an alpha of 0.5404310263000001 implying that it can potentially generate 0.5404310263000001% excess return over DOW after adjusting for the inherited market risk (beta).
11.0%
Odds to drop to $ 122.39  or more in 30 days
 Gartner Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.54
β
Beta against DOW=0.03
σ
Overall volatility
=5.11
Ir
Information ratio =0.31