AmerisourceBergen builds up to 0.43
 | By Ellen Johnson | Macroaxis Story |
Today article will go over AmerisourceBergen. I will look into why albeit cyclical market disturbance, the long term basic indicators of the company are still strong. What is AmerisourceBergen chance of financial disress for August 2019? What is AmerisourceBergen Target Price Odds to finish over Current Price? Depending on normal probability distribution, the odds of AmerisourceBergen to move above current price in 30 days from now is about 5.0%. The AmerisourceBergen Corporation probability density function shows the probability of AmerisourceBergen Stock to fall within a particular range of prices over 30 days . Considering 30-days investment horizon, AmerisourceBergen has beta of 0.8454 . This suggests as returns on market go up, AmerisourceBergen average returns are expected to increase less than the benchmark. However during bear market, the loss on holding AmerisourceBergen Corporation will be expected to be much smaller as well. Additionally, the company has an alpha of 0.233 implying that it can potentially generate 0.233% excess return over S&P 500 after adjusting for the inherited market risk (beta).
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