Mingteng International Stock Probability of Future Stock Price Finishing Under 4.35
| MTEN Stock | 4.38 0.02 0.45% |
Mingteng |
Mingteng International Target Price Odds to finish below 4.35
The tendency of Mingteng 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 drop to 4.35 or more in 90 days |
| 4.38 | 90 days | 4.35 | about 58.75 |
Based on a normal probability distribution, the odds of Mingteng International to drop to 4.35 or more in 90 days from now is about 58.75 (This Mingteng International probability density function shows the probability of Mingteng Stock to fall within a particular range of prices over 90 days) . Probability of Mingteng International price to stay between 4.35 and its current price of 4.38 at the end of the 90-day period is about 1.37 .
Given the investment horizon of 90 days Mingteng International has a beta of 0.78. This indicates as returns on the market go up, Mingteng International average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Mingteng International will be expected to be much smaller as well. Additionally Mingteng International has an alpha of 0.9873, implying that it can generate a 0.99 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Mingteng International Price Density |
| Price |
Predictive Modules for Mingteng 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 Mingteng 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 Mingteng 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.
Mingteng International Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Mingteng International is not an exception. The market had few large corrections towards the Mingteng 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 Mingteng International, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Mingteng International within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.99 | |
β | Beta against Dow Jones | 0.78 | |
σ | Overall volatility | 0.85 | |
Ir | Information ratio | 0.18 |
Mingteng 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 Mingteng International for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Mingteng 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.| Mingteng International is way too risky over 90 days horizon | |
| Mingteng International appears to be risky and price may revert if volatility continues | |
| Mingteng International has a strong financial position based on the latest SEC filings | |
| About 73.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from gurufocus.com: MTEN Stock Drops 5.43 percent Amid Volatility in the Metal Products Industry |
Mingteng 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 Mingteng Stock often depends not only on the future outlook of the current and potential Mingteng 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. Mingteng International's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 5 M | |
| Cash And Short Term Investments | 148.9 K |
Mingteng International Technical Analysis
Mingteng International's future price can be derived by breaking down and analyzing its technical indicators over time. Mingteng Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Mingteng International. In general, you should focus on analyzing Mingteng Stock price patterns and their correlations with different microeconomic environments and drivers.
Mingteng International Predictive Forecast Models
Mingteng International's time-series forecasting models is one of many Mingteng 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 Mingteng 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 Mingteng International
Checking the ongoing alerts about Mingteng International for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Mingteng International help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Mingteng International is way too risky over 90 days horizon | |
| Mingteng International appears to be risky and price may revert if volatility continues | |
| Mingteng International has a strong financial position based on the latest SEC filings | |
| About 73.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from gurufocus.com: MTEN Stock Drops 5.43 percent Amid Volatility in the Metal Products Industry |
Check out Mingteng International Backtesting, Mingteng International Valuation, Mingteng International Correlation, Mingteng International Hype Analysis, Mingteng International Volatility, Mingteng International History as well as Mingteng International Performance. To learn how to invest in Mingteng Stock, please use our How to Invest in Mingteng International guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Is Automotive Parts & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mingteng International. If investors know Mingteng will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mingteng International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.18) | Earnings Share 0.25 | Revenue Per Share 1.632 | Quarterly Revenue Growth 0.115 | Return On Assets 0.1048 |
The market value of Mingteng International is measured differently than its book value, which is the value of Mingteng that is recorded on the company's balance sheet. Investors also form their own opinion of Mingteng International's value that differs from its market value or its book value, called intrinsic value, which is Mingteng International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mingteng International's market value can be influenced by many factors that don't directly affect Mingteng International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mingteng International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mingteng International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mingteng International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.