Macys Probability of Target Price Finishing Over Current Price

M -- USA Stock  

Earnings Call  This Week

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

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 16.85 30 days 16.85 
nearly 4.92
Based on normal probability distribution, the odds of Macys to move above current price in 30 days from now is nearly 4.92 (This Macys probability density function shows the probability of Macys Stock to fall within a particular range of prices over 30 days) .
Taking into account the 30 trading days horizon, the stock has beta coefficient of 2.1423 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, Macys will likely underperform. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. Macys is significantly underperforming DOW.
 Macys Price Density 
      Price 
α
Alpha over DOW
=0.13
β
Beta against DOW=2.14
σ
Overall volatility
=0.74
Ir
Information ratio =0

Macys Alerts and Suggestions

Macys has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its interest payments
Over 95.0% of the company shares are owned by institutional investors
Latest headline from MacroaxisInsider: Acquisition by Joseph Neubauer of 376 shares of Macys subject to Rule 16b-3

MacysPrice Density Drivers

Shares Percent Shares Out27.01%
Trailing Annual Dividend Rate1.51
Short Percent Of Float30.80%
Float Shares307.89M
Shares Short Prior Month77.27M
Average Daily Volume Last 10 Day17.19M
Average Daily Volume In Three Month13.51M
Date Short InterestOctober 31, 2019
Trailing Annual Dividend Yield9.30%
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