Alphabet Probability of Target Price Finishing Above 1295.28

GOOG -- USA Stock  

USD 1,353  7.59  0.56%

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
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Alphabet Target Price Odds to finish below 1295.28

Current PriceHorizonTarget PriceOdds to drop to $ 1,295  or more in 30 days
 1,353 30 days 1,295 
about 74.64
Based on normal probability distribution, the odds of Alphabet to drop to $ 1,295  or more in 30 days from now is about 74.64 (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 $ 1,295  and its current price of $1352.61 at the end of the 30-day period is about 22.5 .
Given the investment horizon of 30 days, the stock has beta coefficient of 1.18 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, Alphabet will likely underperform. Additionally The company has an alpha of 0.1043 implying that it can potentially generate 0.1043% excess return over DOW after adjusting for the inherited market risk (beta).
 Alphabet Price Density 
      Price 
α
Alpha over DOW
=0.10
β
Beta against DOW=1.18
σ
Overall volatility
=45.05
Ir
Information ratio =0.12

Alphabet Alerts and Suggestions

About 70.0% of the company shares are owned by institutional investors
Latest headline from www.nasdaq.com: Buy Amazon Stock on the Dip Before a 2020 Rally - Nasdaq

AlphabetPrice Density Drivers

Shares Percent Shares Out0.51%
Float Shares618.01M
Shares Short Prior Month2.68M
Average Daily Volume Last 10 Day1.14M
Average Daily Volume In Three Month1.28M
Date Short InterestNovember 15, 2019
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