Chevron Probability of Target Price Finishing Above 112.63

CVX -- USA Stock  

USD 121.50  0.08  0.07%

Chevron probability of target price tool provides mechanism to make assumptions about upside and downside potential of Chevron Corporation performance during a given time horizon utilizing its historical volatility. Please specify Chevron time horizon, a valid symbol (red box) and a target price (blue box) you would like Chevron odds to be computed. Check also Chevron Backtesting, Chevron Valuation, Chevron Correlation, Chevron Hype Analysis, Chevron Volatility, Chevron History as well as Chevron Performance.
Horizon     30 Days    Login   to change
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Chevron Target Price Odds to finish below 112.63

Current PriceHorizonTarget PriceOdds to drop to $ 112.63  or more in 30 days
 121.50 30 days 112.63 
ABOUT 51.26%
Based on normal probability distribution, the odds of Chevron to drop to $ 112.63  or more in 30 days from now is about 51.26% (This Chevron Corporation probability density function shows the probability of Chevron Stock to fall within a particular range of prices over 30 days) . Probability of Chevron price to stay between $ 112.63  and its current price of $121.5 at the end of the 30-day period is about 10.76%.
Considering 30-days investment horizon, Chevron has beta of 0.8466 . This suggests as returns on market go up, Chevron average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Chevron Corporation will be expected to be much smaller as well. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. Chevron is significantly underperforming DOW.
 Chevron Price Density 
      Price 
α
Alpha over DOW
=0.04
β
Beta against DOW=0.85
σ
Overall volatility
=32.30
Ir
Information ratio =0.04

Chevron Alerts and Suggestions

About 67.0% of the company shares are held by institutions such as insurance companies
Latest headline from Bethancourt John E: Exercise or conversion by Bethancourt John E of 1067 shares of Chevron subject to Rule 16b-3

ChevronPrice Density Drivers

Shares Percent Shares Out0.97%
Trailing Annual Dividend Rate4.62
Short Percent Of Float0.97%
Float Shares1.9B
Shares Short Prior Month18.41M
Average Daily Volume Last 10 Day5.06M
Average Daily Volume In Three Month5.32M
Date Short InterestAugust 15, 2019
Trailing Annual Dividend Yield3.91%
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