MGM Resorts (Germany) Probability of Future Stock Price Finishing Under 34.15
| MGG Stock | EUR 32.48 0.31 0.96% |
MGM |
MGM Resorts Target Price Odds to finish below 34.15
The tendency of MGM 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 stay under € 34.15 after 90 days |
| 32.48 | 90 days | 34.15 | about 18.87 |
Based on a normal probability distribution, the odds of MGM Resorts to stay under € 34.15 after 90 days from now is about 18.87 (This MGM Resorts International probability density function shows the probability of MGM Stock to fall within a particular range of prices over 90 days) . Probability of MGM Resorts International price to stay between its current price of € 32.48 and € 34.15 at the end of the 90-day period is about 17.61 .
Assuming the 90 days horizon MGM Resorts has a beta of 0.48. This indicates as returns on the market go up, MGM Resorts average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding MGM Resorts International will be expected to be much smaller as well. Additionally MGM Resorts International has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. MGM Resorts Price Density |
| Price |
Predictive Modules for MGM Resorts
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MGM Resorts 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.MGM Resorts Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. MGM Resorts is not an exception. The market had few large corrections towards the MGM Resorts' 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 MGM Resorts International, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of MGM Resorts within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.04 | |
β | Beta against Dow Jones | 0.48 | |
σ | Overall volatility | 1.28 | |
Ir | Information ratio | -0.03 |
MGM Resorts 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 MGM Resorts for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for MGM Resorts 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.| MGM Resorts generated a negative expected return over the last 90 days | |
| MGM Resorts has high likelihood to experience some financial distress in the next 2 years | |
| MGM Resorts has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| MGM Resorts International has accumulated 7.43 B in total debt with debt to equity ratio (D/E) of 137.4, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. MGM Resorts International has a current ratio of 0.72, 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 MGM Resorts until it has trouble settling it off, either with new capital or with free cash flow. So, MGM Resorts' 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 MGM Resorts International sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for MGM to invest in growth at high rates of return. When we think about MGM Resorts' use of debt, we should always consider it together with cash and equity. | |
| About 67.0% of MGM Resorts shares are owned by institutional investors |
MGM Resorts 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 MGM Stock often depends not only on the future outlook of the current and potential MGM Resorts' 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. MGM Resorts' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 379.1 M |
MGM Resorts Technical Analysis
MGM Resorts' future price can be derived by breaking down and analyzing its technical indicators over time. MGM Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of MGM Resorts International. In general, you should focus on analyzing MGM Stock price patterns and their correlations with different microeconomic environments and drivers.
MGM Resorts Predictive Forecast Models
MGM Resorts' time-series forecasting models is one of many MGM Resorts' 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 MGM Resorts' 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 MGM Resorts International
Checking the ongoing alerts about MGM Resorts for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for MGM Resorts International help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| MGM Resorts generated a negative expected return over the last 90 days | |
| MGM Resorts has high likelihood to experience some financial distress in the next 2 years | |
| MGM Resorts has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| MGM Resorts International has accumulated 7.43 B in total debt with debt to equity ratio (D/E) of 137.4, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. MGM Resorts International has a current ratio of 0.72, 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 MGM Resorts until it has trouble settling it off, either with new capital or with free cash flow. So, MGM Resorts' 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 MGM Resorts International sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for MGM to invest in growth at high rates of return. When we think about MGM Resorts' use of debt, we should always consider it together with cash and equity. | |
| About 67.0% of MGM Resorts shares are owned by institutional investors |
Additional Information and Resources on Investing in MGM Stock
When determining whether MGM Resorts International is a strong investment it is important to analyze MGM Resorts' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MGM Resorts' future performance. For an informed investment choice regarding MGM Stock, refer to the following important reports:Check out MGM Resorts Backtesting, MGM Resorts Valuation, MGM Resorts Correlation, MGM Resorts Hype Analysis, MGM Resorts Volatility, MGM Resorts History as well as MGM Resorts Performance. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.