Salesforce Probability of Target Price Finishing Over 181.28

CRM -- USA Stock  

USD 152.98  1.77  1.17%

Salesforce probability of target price tool provides mechanism to make assumptions about upside and downside potential of Salesforce performance during a given time horizon utilizing its historical volatility. Please specify Salesforce time horizon, a valid symbol (red box) and a target price (blue box) you would like Salesforce odds to be computed. Check also Salesforce Backtesting, Salesforce Valuation, Salesforce Correlation, Salesforce Hype Analysis, Salesforce Volatility, Salesforce History as well as Salesforce Performance.
Horizon     30 Days    Login   to change
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Salesforce Target Price Odds to finish over 181.28

Current PriceHorizonTarget PriceOdds to move over $ 181.28  or more in 30 days
 152.98 30 days 181.28 
ABOUT 15.81%
Based on normal probability distribution, the odds of Salesforce to move over $ 181.28  or more in 30 days from now is about 15.81% (This Salesforce probability density function shows the probability of Salesforce Stock to fall within a particular range of prices over 30 days) . Probability of Salesforce price to stay between its current price of $ 152.98  and $ 181.28  at the end of the 30-day period is about 22.04%.
Considering 30-days investment horizon, Salesforce has beta of 0.7845 . This suggests as returns on market go up, Salesforce average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Salesforce will be expected to be much smaller as well. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. Salesforce is significantly underperforming DOW.
 Salesforce Price Density 
      Price 
α
Alpha over DOW
=0.04
β
Beta against DOW=0.78
σ
Overall volatility
=40.84
Ir
Information ratio =0.03

Salesforce Alerts and Suggestions

The company has 6.43B in debt with debt to equity (D/E) ratio of 37.4 . This implies that the company may be unable to create cash to meet all of its financial commitments. Salesforce has Current Ratio of 0.95 suggesting that it has not enough short term capital to pay financial commitments when the payables are due.
Over 85.0% of Salesforce shares are held by institutions such as insurance companies
Latest headline from MacroaxisInsider: Salesforce exotic insider transaction detected

SalesforcePrice Density Drivers

Shares Percent Shares Out1.97%
Short Percent Of Float2.68%
Float Shares841.6M
Shares Short Prior Month23.4M
Average Daily Volume Last 10 Day4.92M
Average Daily Volume In Three Month7.42M
Date Short InterestAugust 15, 2019
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