Rio Tinto Probability of Target Price Finishing Above 42.82

RIO -- USA Stock  

USD 52.73  0.09  0.17%

Rio Tinto probability of target price tool provides mechanism to make assumptions about upside and downside potential of Rio Tinto Plc performance during a given time horizon utilizing its historical volatility. Please specify Rio Tinto time horizon, a valid symbol (red box) and a target price (blue box) you would like Rio Tinto odds to be computed. Additionally take a look at Rio Tinto Backtesting, Rio Tinto Valuation, Rio Tinto Correlation, Rio Tinto Hype Analysis, Rio Tinto Volatility, Rio Tinto History as well as Rio Tinto Performance.
Horizon     30 Days    Login   to change
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Rio Tinto Target Price Odds to finish below 42.82

Current PriceHorizonTarget PriceOdds to drop to $ 42.82  or more in 30 days
 52.73 30 days 42.82 
NEAR 1%
Based on normal probability distribution, the odds of Rio Tinto to drop to $ 42.82  or more in 30 days from now is near 1% (This Rio Tinto Plc probability density function shows the probability of Rio Tinto Stock to fall within a particular range of prices over 30 days) . Probability of Rio Tinto Plc price to stay between $ 42.82  and its current price of $52.73 at the end of the 30-day period is about 37.3%.
Considering 30-days investment horizon, Rio Tinto has beta of 0.9392 . This implies Rio Tinto Plc market returns are very sensitive to returns on the market. As the market goes up or down, Rio Tinto is expected to follow. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. Rio Tinto Plc is significantly underperforming DOW.
 Rio Tinto Price Density 
      Price 
α
Alpha over DOW
=0.14
β
Beta against DOW=0.94
σ
Overall volatility
=4.13
Ir
Information ratio =0.09

Rio Tinto Alerts and Suggestions

Rio Tinto Plc generates negative expected return over the last 30 days
On August 8, 2019 Rio Tinto paid $ 2.12 per share dividend to its current shareholders
Latest headline from www.stockmarketwire.com: Most Traded Stocks by Value at 1700 18 September 2019 - Stock Market Wire

Rio TintoPrice Density Drivers

Shares Percent Shares Out0.46%
Trailing Annual Dividend Rate3.26
Float Shares1.26B
Shares Short Prior Month7.69M
Average Daily Volume Last 10 Day1.86M
Average Daily Volume In Three Month2.24M
Date Short InterestAugust 15, 2019
Trailing Annual Dividend Yield6.14%
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