Alphabet Probability of Target Price Finishing Above 1074.66

GOOG -- USA Stock  

USD 1,081  17.29  0.02%

Alphabet probability of target price tool provides mechanism to make assumptions about upside and downside potential of Alphabet performance during a given time horizon utilizing its historical volatility. Please specify Alphabet time horizon, a valid symbol (red box) and a target price (blue box) you would like Alphabet odds to be computed. Please also check Alphabet Backtesting, Alphabet Valuation, Alphabet Correlation, Alphabet Hype Analysis, Alphabet Volatility, Alphabet History as well as Alphabet Performance.
Horizon     30 Days    Login   to change
Symbol:
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Alphabet Target Price Odds to finish below 1074.66

Current PriceHorizonTarget PriceOdds to drop to $ 1,075  or more in 30 days
 1,081 30 days 1,075  ABOUT 79.33%
Based on normal probability distribution, the odds of Alphabet to drop to $ 1,075  or more in 30 days from now is about 79.33% (This Alphabet probability density function shows the probability of Alphabet Stock to fall within a particular range of prices over 30 days) . Probability of Alphabet price to stay between $ 1,075  and its current price of $1080.97 at the end of the 30-day period is about 5.24%.
Given the investment horizon of 30 days, Alphabet has beta of -0.2315 . This indicates as returns on benchmark increase, returns on holding Alphabet are expected to decrease at a much smaller rate. During bear market, however, Alphabet is likely to outperform the market. Additionally The company has an alpha of 0.0703 implying that it can potentially generate 0.0703% excess return over DOW after adjusting for the inherited market risk (beta).
 Alphabet Price Density 
      Price 
α
Alpha over DOW
=0.07
β
Beta against DOW=0.23
σ
Overall volatility
=31.17
Ir
Information ratio =0.06

Alphabet Alerts

Alphabet Alerts and Suggestions

Alphabet has high likelihood to experience some financial distress in the next 2 years
About 70.0% of the company shares are owned by institutional investors

Price Density Drivers

Alphabet Health Indicators

Shares Percent Shares Out0.38%
Float Shares603.62M
Shares Short Prior Month2.58M
Average Daily Volume Last 10 Day1.39M
Average Daily Volume In Three Month1.91M
Date Short InterestDecember 31, 2018
Please also check Alphabet Backtesting, Alphabet Valuation, Alphabet Correlation, Alphabet Hype Analysis, Alphabet Volatility, Alphabet History as well as Alphabet Performance. Please also try Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.
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