Veritiv Probability of Target Price Finishing Above 32.45

Veritiv Corporation -- USA Stock  

USD 38.70  0.20  0.52%

Veritiv probability of target price tool provides mechanism to make assumptions about upside and downside potential of Veritiv Corporation performance during a given time horizon utilizing its historical volatility. Please specify Veritiv time horizon, a valid symbol (red box) and a target price (blue box) you would like Veritiv odds to be computed. Also please take a look at Veritiv Backtesting, Veritiv Valuation, Veritiv Correlation, Veritiv Hype Analysis, Veritiv Volatility, Veritiv History as well as Veritiv Performance
 Time Horizon     30 Days    Login   to change
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Veritiv Target Price Odds to finish below 32.45

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 38.70 30 days 32.45  about 41.72% about 58.18%
Based on normal probability distribution, the odds of Veritiv to drop to $ 32.45  or more in 30 days from now is about 58.18%. Probability of Veritiv price to stay between $ 32.45  and its current price of $38.7 at the end of the 30-day period is about 29.68%.
Given the investment horizon of 30 days, Veritiv Corporation has beta of -0.7092 . This entails as returns on benchmark increase, returns on holding Veritiv are expected to decrease at a much smaller rate. During bear market, however, Veritiv Corporation is likely to outperform the market. In addition to that Veritiv Corporation has an alpha of 2.449844580272727 implying that it can potentially generate 2.449844580272727% excess return over DOW after adjusting for the inherited market risk (beta).
Odds to drop to $ 32.45  or more in 30 days
 Veritiv Price Density 
Current Price   Target Price   
Alpha over DOW
Beta against DOW=0.71
Overall volatility
Information ratio =0.38