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Johnson Johnson Probability of Target Price Finishing Above 148.88

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JNJ -- USA Stock  

Fiscal Quarter End: March 31, 2020  

Johnson Johnson probability of target price tool provides mechanism to make assumptions about upside and downside potential of Johnson Johnson performance during a given time horizon utilizing its historical volatility. Please specify Johnson Johnson time horizon, a valid symbol (red box) and a target price (blue box) you would like Johnson Johnson odds to be computed. Please see Johnson Johnson Backtesting, Johnson Johnson Valuation, Johnson Johnson Correlation, Johnson Johnson Hype Analysis, Johnson Johnson Volatility, Johnson Johnson History as well as Johnson Johnson Performance.
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Johnson Johnson Target Price Odds to finish below 148.88

Current PriceHorizonTarget PriceOdds to drop to $ 148.88  or more in 30 days
 150.13 30 days 148.88 
about 78.98
Based on normal probability distribution, the odds of Johnson Johnson to drop to $ 148.88  or more in 30 days from now is about 78.98 (This Johnson Johnson probability density function shows the probability of Johnson Johnson Stock to fall within a particular range of prices over 30 days) . Probability of Johnson Johnson price to stay between $ 148.88  and its current price of $150.13 at the end of the 30-day period is about 5.56 .
Considering 30-days investment horizon, Johnson Johnson has beta of 0.362 . This indicates as returns on market go up, Johnson Johnson average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Johnson Johnson will be expected to be much smaller as well. Additionally The company has an alpha of 0.1647 implying that it can potentially generate 0.1647% excess return over DOW after adjusting for the inherited market risk (beta).
 Johnson Johnson Price Density 
    
  Price 
α
Alpha over DOW
=0.16
β
Beta against DOW=0.36
σ
Overall volatility
=5.88
Ir
Information ratio =0.16

Johnson Johnson Alerts and Suggestions

About 70.0% of the company shares are owned by institutional investors
Latest headline from MacroaxisInsider: Acquisition by Decker Robert J of 581 shares of Johnson Johnson subject to Rule 16b-3

Johnson JohnsonPrice Density Drivers

Shares Percent Shares Out0.78%
Trailing Annual Dividend Rate3.75
Short Percent Of Float0.77%
Float Shares2.63B
Shares Short Prior Month20.87M
Average Daily Volume Last 10 Day6.47M
Average Daily Volume In Three Month6.59M
Date Short InterestJanuary 15, 2020
Trailing Annual Dividend Yield2.47%