Apple Probability of Target Price Finishing Over 266.56

<div class='circular--portrait' style='background:#FF0F00;color: #FFFFF0;font-size:3em;padding-top: 38px;;'>AAP</div>
AAPL -- USA Stock  

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Apple probability of target price tool provides mechanism to make assumptions about upside and downside potential of Apple Inc performance during a given time horizon utilizing its historical volatility. Price to Book Value is projected to rize to 12.63 this year. Price to Earnings Ratio is projected to rize to 21.63 this year.

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Apple Target Price Odds to finish over 266.56

Current PriceHorizonTarget PriceOdds to stay above $ 266.56  in 30 days
 323.34 30 days 266.56 
about 71.22
Based on normal probability distribution, the odds of Apple to stay above $ 266.56  in 30 days from now is about 71.22 (This Apple Inc probability density function shows the probability of Apple Stock to fall within a particular range of prices over 30 days) . Probability of Apple Inc price to stay between $ 266.56  and its current price of $323.34 at the end of the 30-day period is about 65.74 .
Given the investment horizon of 30 days, Apple has beta of 0.9272 . This suggests Apple Inc market returns are highly reactive to returns on the market. As the market goes up or down, Apple is expected to follow. Additionally The company has an alpha of 0.2795 implying that it can potentially generate 0.2795% excess return over DOW after adjusting for the inherited market risk (beta).
 Apple Price Density 
      Price 
α
Alpha over DOW
=0.28
β
Beta against DOW=0.93
σ
Overall volatility
=26.28
Ir
Information ratio =0.07

Apple Alerts and Suggestions

Apple Inc has very high historical volatility over the last 30 days
Apple Inc 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
Latest headline from finance.yahoo.com: US STOCKS-Wall Street closes higher as recovery signs soothe protest, pandemic worries - Yahoo Finance

ApplePrice Density Drivers

Shares Percent Shares Out0.69%
Trailing Annual Dividend Rate3.08
Short Percent Of Float0.70%
Float Shares4.33B
Shares Short Prior Month39.06M
Average Daily Volume Last 10 Day35.61M
Average Daily Volume In Three Month52.16M
Date Short Interest30th of April 2020
Trailing Annual Dividend Yield0.97%
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