BHP Group Probability of Target Price Finishing Over 48.38

BHP -- USA Stock  

USD 51.92  0.96  1.88%

BHP Group probability of target price tool provides mechanism to make assumptions about upside and downside potential of BHP Group Limited performance during a given time horizon utilizing its historical volatility. Please specify BHP Group time horizon, a valid symbol (red box) and a target price (blue box) you would like BHP Group odds to be computed. Check also BHP Group Backtesting, BHP Group Valuation, BHP Group Correlation, BHP Group Hype Analysis, BHP Group Volatility, BHP Group History as well as BHP Group Performance.
Horizon     30 Days    Login   to change
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BHP Group Target Price Odds to finish over 48.38

Current PriceHorizonTarget PriceOdds to stay above $ 48.38  in 30 days
 51.92 30 days 48.38 
ABOUT 50.89%
Based on normal probability distribution, the odds of BHP Group to stay above $ 48.38  in 30 days from now is about 50.89% (This BHP Group Limited probability density function shows the probability of BHP Group Stock to fall within a particular range of prices over 30 days) . Probability of BHP Group Limited price to stay between $ 48.38  and its current price of $51.92 at the end of the 30-day period is about 10.74%.
Considering 30-days investment horizon, BHP Group has beta of 0.9551 . This suggests BHP Group Limited market returns are highly reactive to returns on the market. As the market goes up or down, BHP Group is expected to follow. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. BHP Group Limited is significantly underperforming DOW.
 BHP Group Price Density 
      Price 
α
Alpha over DOW
=0.13
β
Beta against DOW=0.96
σ
Overall volatility
=13.02
Ir
Information ratio =0.09

BHP Group Alerts and Suggestions

BHP Group Limited generates negative expected return over the last 30 days
On September 5, 2019 BHP Group paid $ 1.56 per share dividend to its current shareholders
Latest headline from www.fool.com.au: Is the BHP share price a bargain buy - Motley Fool Australia

BHP GroupPrice Density Drivers

Shares Percent Shares Out0.61%
Trailing Annual Dividend Rate1.33
Float Shares2.51B
Shares Short Prior Month13.63M
Average Daily Volume Last 10 Day1.89M
Average Daily Volume In Three Month1.85M
Date Short InterestAugust 15, 2019
Trailing Annual Dividend Yield2.67%
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