Sothebys Probability of Target Price Finishing Over 57.93

BID -- USA Stock  

USD 58.80  0.04  0.07%

Sothebys probability of target price tool provides mechanism to make assumptions about upside and downside potential of Sothebys performance during a given time horizon utilizing its historical volatility. Please specify Sothebys time horizon, a valid symbol (red box) and a target price (blue box) you would like Sothebys odds to be computed. Check also Sothebys Backtesting, Sothebys Valuation, Sothebys Correlation, Sothebys Hype Analysis, Sothebys Volatility, Sothebys History as well as Sothebys Performance.
Horizon     30 Days    Login   to change
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Sothebys Target Price Odds to finish over 57.93

Current PriceHorizonTarget PriceOdds to stay above $ 57.93  in 30 days
 58.80 30 days 57.93 
ABOUT 88.54%
Based on normal probability distribution, the odds of Sothebys to stay above $ 57.93  in 30 days from now is about 88.54% (This Sothebys probability density function shows the probability of Sothebys Stock to fall within a particular range of prices over 30 days) . Probability of Sothebys price to stay between $ 57.93  and its current price of $58.8 at the end of the 30-day period is about 70.13%.
Considering 30-days investment horizon, Sothebys has beta of 0.1487 . This suggests as returns on market go up, Sothebys average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Sothebys will be expected to be much smaller as well. Additionally The company has an alpha of 0.0226 implying that it can potentially generate 0.0226% excess return over DOW after adjusting for the inherited market risk (beta).
 Sothebys Price Density 
      Price 
α
Alpha over DOW
=0.022583
β
Beta against DOW=0.15
σ
Overall volatility
=0.41
Ir
Information ratio =0.08

Sothebys Alerts and Suggestions

Sothebys has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial commitments
Over 120.0% of the company shares are held by institutions such as insurance companies

SothebysPrice Density Drivers

Shares Percent Shares Out9.74%
Trailing Annual Dividend Rate0.10
Short Percent Of Float14.47%
Float Shares35.14M
Shares Short Prior Month6.37M
Average Daily Volume Last 10 Day406.97k
Average Daily Volume In Three Month762.82k
Date Short InterestJuly 31, 2019
Trailing Annual Dividend Yield0.17%
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