Apple Probability of Target Price Finishing Above 319.23

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AAPL -- USA Stock  


Apple probability of target price tool provides mechanism to make assumptions about upside and downside potential of Apple performance during a given time horizon utilizing its historical volatility. Please specify Apple time horizon, a valid symbol (red box) and a target price (blue box) you would like Apple odds to be computed. Please continue to Apple Backtesting, Apple Valuation, Apple Correlation, Apple Hype Analysis, Apple Volatility, Apple History as well as Apple Performance.
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Apple Target Price Odds to finish below 319.23

Current PriceHorizonTarget PriceOdds to drop to $ 319.23  or more in 30 days
 320.14 30 days 319.23 
about 84.33
Based on normal probability distribution, the odds of Apple to drop to $ 319.23  or more in 30 days from now is about 84.33 (This Apple probability density function shows the probability of Apple Stock to fall within a particular range of prices over 30 days) . Probability of Apple price to stay between $ 319.23  and its current price of $320.14 at the end of the 30-day period is near 1 .
Given the investment horizon of 30 days, Apple has beta of -0.0153 . This suggests as returns on benchmark increase, returns on holding Apple are expected to decrease at a much smaller rate. During bear market, however, Apple is likely to outperform the market. Additionally The company has an alpha of 0.2916 implying that it can potentially generate 0.2916% excess return over DOW after adjusting for the inherited market risk (beta).
 Apple Price Density 
Alpha over DOW
Beta against DOW=0.02
Overall volatility
Information ratio =0.16

Apple Alerts and Suggestions

Apple has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations
About 62.0% of the company shares are held by institutions such as insurance companies
On February 7, 2020 Apple paid $ 0.77 per share dividend to its current shareholders
Latest headline from www.cnn.com: Apple warned on coronavirus. Whos next - CNN

ApplePrice Density Drivers

Shares Percent Shares Out0.95%
Trailing Annual Dividend Rate3.04
Short Percent Of Float0.95%
Float Shares4.37B
Shares Short Prior Month45.51M
Average Daily Volume Last 10 Day25.41M
Average Daily Volume In Three Month29.61M
Date Short InterestJanuary 31, 2020
Trailing Annual Dividend Yield0.94%