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Johnson Johnson Probability of Target Price Finishing Over 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 over 148.88

Current PriceHorizonTarget PriceOdds to move over $ 148.88  or more in 30 days
 148.09 30 days 148.88 
about 22.55
Based on normal probability distribution, the odds of Johnson Johnson to move over $ 148.88  or more in 30 days from now is about 22.55 (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 its current price of $ 148.09  and $ 148.88  at the end of the 30-day period is nearly 4.78 .
Considering 30-days investment horizon, Johnson Johnson has beta of -0.0844 . This indicates as returns on benchmark increase, returns on holding Johnson Johnson are expected to decrease at a much smaller rate. During bear market, however, Johnson Johnson is likely to outperform the market. Additionally The company has an alpha of 0.1478 implying that it can potentially generate 0.1478% excess return over DOW after adjusting for the inherited market risk (beta).
 Johnson Johnson Price Density 
    
  Price 
α
Alpha over DOW
=0.15
β
Beta against DOW=0.08
σ
Overall volatility
=5.24
Ir
Information ratio =0.11

Johnson Johnson Alerts and Suggestions

About 71.0% of the company shares are owned by institutional investors
Latest headline from MacroaxisInsider: Johnson Johnson exotic insider transaction detected

Johnson JohnsonPrice Density Drivers

Shares Percent Shares Out0.79%
Trailing Annual Dividend Rate3.75
Short Percent Of Float0.78%
Float Shares2.63B
Shares Short Prior Month20.5M
Average Daily Volume Last 10 Day5.1M
Average Daily Volume In Three Month6.5M
Date Short InterestJanuary 31, 2020
Trailing Annual Dividend Yield2.50%