Alphabet Probability of Target Price Finishing Above 1311.37

GOOG -- USA Stock  

USD 1,297  18.15  1.38%

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 1311.37

Current PriceHorizonTarget PriceOdds to stay under $ 1,311  after 30 days
 1,297 30 days 1,311 
over 95.61
Based on normal probability distribution, the odds of Alphabet to stay under $ 1,311  after 30 days from now is over 95.61 (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 its current price of $ 1,297  and $ 1,311  at the end of the 30-day period is under 4.
Given the investment horizon of 30 days, the stock has beta coefficient of 1.299 . 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 0.0162 implying that it can potentially generate 0.0162% excess return over DOW after adjusting for the inherited market risk (beta).
 Alphabet Price Density 
Alpha over DOW
Beta against DOW=1.30
Overall volatility
Information ratio =0.038981

Alphabet Alerts and Suggestions

About 70.0% of the company shares are owned by institutional investors
Latest headline from The Zacks Analyst Blog Highlights Google, Fitbit, Apple, Facebook and Amazon - Nasdaq

AlphabetPrice Density Drivers

Shares Percent Shares Out0.48%
Float Shares618.04M
Shares Short Prior Month2.95M
Average Daily Volume Last 10 Day1.19M
Average Daily Volume In Three Month1.27M
Date Short InterestOctober 31, 2019