Nike Probability of Target Price Finishing Over 80.57

NKE -- USA Stock  

USD 86.97  0.35  0.40%

Nike probability of target price tool provides mechanism to make assumptions about upside and downside potential of Nike performance during a given time horizon utilizing its historical volatility. Please specify Nike time horizon, a valid symbol (red box) and a target price (blue box) you would like Nike odds to be computed. Please see also Nike Backtesting, Nike Valuation, Nike Correlation, Nike Hype Analysis, Nike Volatility, Nike History as well as Nike Performance.
Horizon     30 Days    Login   to change
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Nike Target Price Odds to finish over 80.57

Current PriceHorizonTarget PriceOdds to stay above $ 80.57  in 30 days
 86.97 30 days 80.57 
ABOUT 48.16%
Based on normal probability distribution, the odds of Nike to stay above $ 80.57  in 30 days from now is about 48.16% (This Nike probability density function shows the probability of Nike Stock to fall within a particular range of prices over 30 days) . Probability of Nike price to stay between $ 80.57  and its current price of $86.97 at the end of the 30-day period is about 12.12%.
Considering 30-days investment horizon, the stock has beta coefficient of 1.2302 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, Nike will likely underperform. Additionally The company has an alpha of 0.0248 implying that it can potentially generate 0.0248% excess return over DOW after adjusting for the inherited market risk (beta).
 Nike Price Density 
      Price 
α
Alpha over DOW
=0.024814
β
Beta against DOW=1.23
σ
Overall volatility
=20.56
Ir
Information ratio =0.021743

Nike Alerts and Suggestions

Over 84.0% of the company shares are owned by institutional investors
Latest headline from Andrew Campion: Sale by Andrew Campion of 2548 shares of Nike

NikePrice Density Drivers

Shares Percent Shares Out0.56%
Trailing Annual Dividend Rate0.86
Short Percent Of Float0.97%
Float Shares1.24B
Shares Short Prior Month8.58M
Average Daily Volume Last 10 Day4.95M
Average Daily Volume In Three Month5.92M
Date Short InterestAugust 15, 2019
Trailing Annual Dividend Yield0.97%
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