Veritiv Probability of Target Price Finishing Above 32.45

Veritiv Corporation -- USA Stock  

USD 28.2  0.25  0.88%

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
Investment Horizon     30 Days    Login   to change
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Veritiv Target Price Odds to finish below 32.45

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 28.2 30 days 32.45  near 1% close to 100%
Based on normal probability distribution, the odds of Veritiv to stay under $ 32.45  after 30 days from now is close to 100%. Probability of Veritiv price to stay between its current price of $ 28.2  and $ 32.45  at the end of the 30-day period is about 14.06%.
Given the investment horizon of 30 days, the stock has beta coefficient of 2.037 . This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Veritiv will likely underperform. Additionally Veritiv Corporation has an alpha of 0.5311307523181814 implying that it can potentially generate 0.5311307523181814% excess return over DOW after adjusting for the inherited market risk (beta).
> 99%
Odds to stay under $ 32.45  after 30 days
 Veritiv Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.53
βBeta against DOW=2.04
σ
Overall volatility
=1.52
 IrInformation ratio =0.34