Millicom International (Sweden) Probability of Future Stock Price Finishing Over 227.00
| TIGO-SDB | SEK 227.00 2.60 1.16% |
Millicom |
Millicom International Target Price Odds to finish over 227.00
The tendency of Millicom Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 227.00 | 90 days | 227.00 | about 6.04 |
Based on a normal probability distribution, the odds of Millicom International to move above the current price in 90 days from now is about 6.04 (This Millicom International Cellular probability density function shows the probability of Millicom Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Millicom International Cellular has a beta of -0.18. This usually implies as returns on the benchmark increase, returns on holding Millicom International are expected to decrease at a much lower rate. During a bear market, however, Millicom International Cellular is likely to outperform the market. Additionally Millicom International Cellular has an alpha of 0.3289, implying that it can generate a 0.33 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Millicom International Price Density |
| Price |
Predictive Modules for Millicom International
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Millicom International. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Millicom International's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Millicom International Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Millicom International is not an exception. The market had few large corrections towards the Millicom International's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Millicom International Cellular, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Millicom International within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.33 | |
β | Beta against NYSE Composite | -0.18 | |
σ | Overall volatility | 20.93 | |
Ir | Information ratio | 0.14 |
Millicom International Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Millicom International for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Millicom International can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Millicom International has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| The company has accumulated 6.62 B in total debt with debt to equity ratio (D/E) of 230.9, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Millicom International has a current ratio of 0.77, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Millicom International until it has trouble settling it off, either with new capital or with free cash flow. So, Millicom International's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Millicom International sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Millicom to invest in growth at high rates of return. When we think about Millicom International's use of debt, we should always consider it together with cash and equity. |
Millicom International Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Millicom Stock often depends not only on the future outlook of the current and potential Millicom International's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Millicom International's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 170.9 M |
Millicom International Technical Analysis
Millicom International's future price can be derived by breaking down and analyzing its technical indicators over time. Millicom Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Millicom International Cellular. In general, you should focus on analyzing Millicom Stock price patterns and their correlations with different microeconomic environments and drivers.
Millicom International Predictive Forecast Models
Millicom International's time-series forecasting models is one of many Millicom International's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Millicom International's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Millicom International
Checking the ongoing alerts about Millicom International for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Millicom International help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Millicom International has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| The company has accumulated 6.62 B in total debt with debt to equity ratio (D/E) of 230.9, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Millicom International has a current ratio of 0.77, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Millicom International until it has trouble settling it off, either with new capital or with free cash flow. So, Millicom International's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Millicom International sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Millicom to invest in growth at high rates of return. When we think about Millicom International's use of debt, we should always consider it together with cash and equity. |
Check out Millicom International Backtesting, Millicom International Valuation, Millicom International Correlation, Millicom International Hype Analysis, Millicom International Volatility, Millicom International History as well as Millicom International Performance. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Millicom Stock analysis
When running Millicom International's price analysis, check to measure Millicom International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Millicom International is operating at the current time. Most of Millicom International's value examination focuses on studying past and present price action to predict the probability of Millicom International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Millicom International's price. Additionally, you may evaluate how the addition of Millicom International to your portfolios can decrease your overall portfolio volatility.
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