Northrop Probability of Target Price Finishing Over 336.69

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NOC -- USA Stock  

Report: 30th of July 2020  

Northrop Grumman probability of target price tool provides mechanism to make assumptions about upside and downside potential of Northrop Grumman performance during a given time horizon utilizing its historical volatility. As of July 10, 2020, Price to Book Value is expected to decline to 5.87. In addition to that, Price to Earnings Ratio is expected to decline to 22.08.

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Please specify Northrop Grumman time horizon, a valid symbol (red box) and a target price (blue box) you would like Northrop Grumman odds to be computed. Additionally, see Northrop Grumman Backtesting, Northrop Grumman Valuation, Northrop Grumman Correlation, Northrop Grumman Hype Analysis, Northrop Grumman Volatility, Northrop Grumman History as well as Northrop Grumman Performance.
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Northrop Grumman Target Price Odds to finish over 336.69

Current PriceHorizonTarget PriceOdds to move over $ 336.69  or more in 30 days
 292.00 30 days 336.69 
about 23.36
Based on a normal probability distribution, the odds of Northrop Grumman to move over $ 336.69  or more in 30 days from now is about 23.36 (This Northrop Grumman probability density function shows the probability of Northrop Grumman Stock to fall within a particular range of prices over 30 days) . Probability of Northrop Grumman price to stay between its current price of $ 292.00  and $ 336.69  at the end of the 30-day period is about 75.81 .
Considering the 30-days investment horizon, Northrop Grumman has a beta of -0.0369. This indicates as returns on benchmark increase, returns on holding Northrop Grumman are expected to decrease at a much lower rate. During the bear market, however, Northrop Grumman is likely to outperform the market. Additionally The company has a negative alpha, implying that the risk taken by holding this equity is not justified. Northrop Grumman is significantly underperforming DOW.
 Northrop Grumman Price Density 
      Price 
α
Alpha over DOW
=-0.21
β
Beta against DOW=-0.04
σ
Overall volatility
=14.28
Ir
Information ratio =-0.17

Northrop Grumman Alerts and Suggestions

Northrop Grumman generates negative expected return over the last 30 days
Over 84.0% of the company shares are owned by institutional investors
On 29th of May 2020 Northrop Grumman paid $ 1.45 per share dividend to its current shareholders

Northrop GrummanPrice Density Drivers

Shares Percent Shares Out0.77%
Trailing Annual Dividend Rate5.28
Short Percent Of Float0.96%
Float Shares165.96M
Shares Short Prior Month1.53M
Average Daily Volume Last 10 Day893.97k
Average Daily Volume In Three Month929.39k
Date Short Interest15th of June 2020
Trailing Annual Dividend Yield1.85%
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