Macys Probability of Target Price Finishing Over

M -- USA Stock  

USD 36.39  0.27  0.75%

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

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 36.39 30 days 36.39  ABOUT 87.53%
Based on normal probability distribution, the odds of Macys to move above current price in 30 days from now is about 87.53% (This Macys probability density function shows the probability of Macys Stock to fall within a particular range of prices over 30 days) .
Taking into account the 30 trading days horizon, Macys has beta of -1.3507 indicating as returns on its benchmark rise, returns on holding Macys are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Macys is expected to outperform its benchmark. Additionally Macys has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Macys Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.09
β
Beta against DOW=1.35
σ
Overall volatility
=1.02
Ir
Information ratio =0.2

Macys Alerts

Macys Alerts and Suggestions
Macys generates negative expected return over the last 30 days
Macys has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its interest payments
Over 93.0% of the company shares are owned by institutional investors
On June 14, 2018 Macys paid $ 0.3775 per share dividend to its current shareholders
Latest headline from MacroaxisInsider: Exercise or conversion by Meyer Feldberg of 410 shares of Macys subject to Rule 16b-3
Please see also Macys Backtesting, Macys Valuation, Macys Correlation, Macys Hype Analysis, Macys Volatility, Macys History as well as Macys Performance. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.