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Advanced Micro Probability of Target Price Finishing Above 50.53

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Advanced Micro probability of target price tool provides mechanism to make assumptions about upside and downside potential of Advanced Micro Devices performance during a given time horizon utilizing its historical volatility. Please specify Advanced Micro time horizon, a valid symbol (red box) and a target price (blue box) you would like Advanced Micro odds to be computed. Please continue to Advanced Micro Backtesting, Advanced Micro Valuation, Advanced Micro Correlation, Advanced Micro Hype Analysis, Advanced Micro Volatility, Advanced Micro History as well as Advanced Micro Performance.
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Advanced Micro Target Price Odds to finish below 50.53

Current PriceHorizonTarget PriceOdds to drop to $ 50.53  or more in 30 days
 55.31 30 days 50.53 
about 83.95
Based on normal probability distribution, the odds of Advanced Micro to drop to $ 50.53  or more in 30 days from now is about 83.95 (This Advanced Micro Devices probability density function shows the probability of Advanced Micro Stock to fall within a particular range of prices over 30 days) . Probability of Advanced Micro Devices price to stay between $ 50.53  and its current price of $55.31 at the end of the 30-day period is about 13.28 .
Considering 30-days investment horizon, the stock has beta coefficient of 1.43 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, Advanced Micro will likely underperform. Additionally The company has an alpha of 0.5206 implying that it can potentially generate 0.5206% excess return over DOW after adjusting for the inherited market risk (beta).
 Advanced Micro Price Density 
    
  Price 
α
Alpha over DOW
=0.52
β
Beta against DOW=1.43
σ
Overall volatility
=5.12
Ir
Information ratio =0.24

Advanced Micro Alerts and Suggestions

The company has $1.28 Billion in debt which may indicate that it relies heavily on debt financing
ADV MICRO DEVICES has about 1.13 B in cash with (58.38 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.04.
Over 76.0% of the company shares are held by institutions such as insurance companies
Latest headline from MacroaxisInsider: Exercise or conversion by Mccoy Thomas M of 5000 shares of Advanced Micro subject to Rule 16b-3

Advanced MicroPrice Density Drivers

Shares Percent Shares Out7.52%
Short Percent Of Float8.17%
Float Shares1.16B
Shares Short Prior Month98.38M
Average Daily Volume Last 10 Day49.69M
Average Daily Volume In Three Month53.65M
Date Short InterestJanuary 15, 2020