Millennium Group International Stock Probability of Future Stock Price Finishing Over 4.61
| MGIH Stock | 2.41 0.56 18.86% |
Millennium |
Millennium Group Target Price Odds to finish over 4.61
The tendency of Millennium 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 over 4.61 or more in 90 days |
| 2.41 | 90 days | 4.61 | close to zero percent |
Based on a normal probability distribution, the odds of Millennium Group to move over 4.61 or more in 90 days from now is close to zero percent (This Millennium Group International probability density function shows the probability of Millennium Stock to fall within a particular range of prices over 90 days) . Probability of Millennium Group Int price to stay between its current price of 2.41 and 4.61 at the end of the 90-day period is near 1 .
Given the investment horizon of 90 days Millennium Group International has a beta of -0.3. This indicates as returns on the benchmark increase, returns on holding Millennium Group are expected to decrease at a much lower rate. During a bear market, however, Millennium Group International is likely to outperform the market. Moreover Millennium Group International has an alpha of 1.0961, implying that it can generate a 1.1 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Millennium Group Price Density |
| Price |
Predictive Modules for Millennium Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Millennium Group Int. 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.Millennium Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Millennium Group is not an exception. The market had few large corrections towards the Millennium Group'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 Millennium Group International, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Millennium Group within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.10 | |
β | Beta against Dow Jones | -0.3 | |
σ | Overall volatility | 0.23 | |
Ir | Information ratio | 0.09 |
Millennium Group 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 Millennium Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Millennium Group Int can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Millennium Group Int is way too risky over 90 days horizon | |
| Millennium Group Int appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 38.53 M. Net Loss for the year was (8.77 M) with profit before overhead, payroll, taxes, and interest of 16.27 M. | |
| Millennium Group generates negative cash flow from operations | |
| About 89.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from simplywall.st: Millennium Group International Holdings Limiteds Shares Climb 88 percent But Its Business Is Yet to Catch Up |
Millennium Group 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 Millennium Stock often depends not only on the future outlook of the current and potential Millennium Group'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. Millennium Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 11.2 M | |
| Cash And Short Term Investments | 13.3 M |
Millennium Group Technical Analysis
Millennium Group's future price can be derived by breaking down and analyzing its technical indicators over time. Millennium Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Millennium Group International. In general, you should focus on analyzing Millennium Stock price patterns and their correlations with different microeconomic environments and drivers.
Millennium Group Predictive Forecast Models
Millennium Group's time-series forecasting models is one of many Millennium Group'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 Millennium Group'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 Millennium Group Int
Checking the ongoing alerts about Millennium Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Millennium Group Int help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Millennium Group Int is way too risky over 90 days horizon | |
| Millennium Group Int appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 38.53 M. Net Loss for the year was (8.77 M) with profit before overhead, payroll, taxes, and interest of 16.27 M. | |
| Millennium Group generates negative cash flow from operations | |
| About 89.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from simplywall.st: Millennium Group International Holdings Limiteds Shares Climb 88 percent But Its Business Is Yet to Catch Up |
Check out Millennium Group Backtesting, Millennium Group Valuation, Millennium Group Correlation, Millennium Group Hype Analysis, Millennium Group Volatility, Millennium Group History as well as Millennium Group Performance. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Is Diversified Metals & Mining 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 Millennium Group. If investors know Millennium 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 Millennium Group 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 (0.50) | Earnings Share (0.78) | Revenue Per Share 3.425 | Quarterly Revenue Growth (0.24) | Return On Assets (0.08) |
The market value of Millennium Group Int is measured differently than its book value, which is the value of Millennium that is recorded on the company's balance sheet. Investors also form their own opinion of Millennium Group's value that differs from its market value or its book value, called intrinsic value, which is Millennium Group'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 Millennium Group's market value can be influenced by many factors that don't directly affect Millennium Group'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 Millennium Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Millennium Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Millennium Group'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.