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AbbVie Probability of Target Price Finishing Over 87.57

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ABBV -- USA Stock  

Fiscal Quarter End: March 31, 2020  

AbbVie probability of target price tool provides mechanism to make assumptions about upside and downside potential of AbbVie performance during a given time horizon utilizing its historical volatility. Please specify AbbVie time horizon, a valid symbol (red box) and a target price (blue box) you would like AbbVie odds to be computed. Please continue to AbbVie Backtesting, AbbVie Valuation, AbbVie Correlation, AbbVie Hype Analysis, AbbVie Volatility, AbbVie History as well as AbbVie Performance.
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AbbVie Target Price Odds to finish over 87.57

Current PriceHorizonTarget PriceOdds to stay above $ 87.57  in 30 days
 94.05 30 days 87.57 
about 58.03
Based on normal probability distribution, the odds of AbbVie to stay above $ 87.57  in 30 days from now is about 58.03 (This AbbVie probability density function shows the probability of AbbVie Stock to fall within a particular range of prices over 30 days) . Probability of AbbVie price to stay between $ 87.57  and its current price of $94.05 at the end of the 30-day period is about 55.03 .
Given the investment horizon of 30 days, AbbVie has beta of 0.5229 . This suggests as returns on market go up, AbbVie average returns are expected to increase less than the benchmark. However during bear market, the loss on holding AbbVie will be expected to be much smaller as well. Additionally The company has an alpha of 0.0634 implying that it can potentially generate 0.0634% excess return over DOW after adjusting for the inherited market risk (beta).
 AbbVie Price Density 
    
  Price 
α
Alpha over DOW
=0.06
β
Beta against DOW=0.52
σ
Overall volatility
=3.11
Ir
Information ratio =0.019163

AbbVie Alerts and Suggestions

Over 78.0% of the company shares are held by institutions such as insurance companies
On January 14, 2020 AbbVie paid $ 1.18 per share dividend to its current shareholders
Latest headline from newssmooth.com: Dividend Watch List AbbVie Inc., - NewsSmooth

AbbViePrice Density Drivers

Shares Percent Shares Out5.05%
Trailing Annual Dividend Rate4.39
Short Percent Of Float5.73%
Float Shares1.48B
Average Daily Volume Last 10 Day11.32M
Shares Short Prior Month71.95M
Average Daily Volume In Three Month8.21M
Date Short InterestJanuary 31, 2020
Trailing Annual Dividend Yield4.49%