Veritiv Probability of Target Price

Veritiv Corporation -- USA Stock  

USD 32.85  0.85  2.66%

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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Odds Analysis

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 32.85 30 days 32.45  about 43.98% about 55.48%
Based on normal probability distribution, the odds of Veritiv to drop to $ 32.45  or more in 30 days from now is about 55.48%. Probability of Veritiv price to stay between $ 32.45  and its current price of $32.85 at the end of the 30-day period is about 22.39%.
Given the investment horizon of 30 days, Veritiv Corporation has beta of -2.7205 . This entails as returns on its benchmark rise, returns on holding Veritiv Corporation are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Veritiv is expected to outperform its benchmark. Additionally Veritiv Corporation has an alpha of 0.6395 implying that it can potentially generate 0.6395% excess return over DOW after adjusting for the inherited market risk (beta).
55.0%
Odds to drop to $ 32.45  or more in 30 days
 Veritiv Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
= 0.64 
βBeta against DOW=(2.72) 
σ
Overall volatility
= 0.63 
 IrInformation ratio = 0.0752