MIC Electronics (India) Probability of Future Stock Price Finishing Over 83.98
| MICEL Stock | 86.60 4.04 4.89% |
MIC |
MIC Electronics Target Price Odds to finish over 83.98
The tendency of MIC 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 above 83.98 in 90 days |
| 86.60 | 90 days | 83.98 | about 87.75 |
Based on a normal probability distribution, the odds of MIC Electronics to stay above 83.98 in 90 days from now is about 87.75 (This MIC Electronics Limited probability density function shows the probability of MIC Stock to fall within a particular range of prices over 90 days) . Probability of MIC Electronics price to stay between 83.98 and its current price of 86.6 at the end of the 90-day period is about 11.08 .
Assuming the 90 days trading horizon MIC Electronics has a beta of 0.73. This indicates as returns on the market go up, MIC Electronics average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding MIC Electronics Limited will be expected to be much smaller as well. Additionally MIC Electronics Limited 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. MIC Electronics Price Density |
| Price |
Predictive Modules for MIC Electronics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MIC Electronics. 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.MIC Electronics Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. MIC Electronics is not an exception. The market had few large corrections towards the MIC Electronics' 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 MIC Electronics Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of MIC Electronics within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.19 | |
β | Beta against Dow Jones | 0.73 | |
σ | Overall volatility | 6.03 | |
Ir | Information ratio | -0.07 |
MIC Electronics 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 MIC Electronics for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for MIC Electronics can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| MIC Electronics generated a negative expected return over the last 90 days | |
| MIC Electronics generates negative cash flow from operations | |
| About 75.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: MIC Electronics Completes Landmark Train Display Board Project for Indian Railways Ratlam Division - The Hans India |
MIC Electronics 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 MIC Stock often depends not only on the future outlook of the current and potential MIC Electronics' 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. MIC Electronics' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 221.4 M | |
| Cash And Short Term Investments | 8.9 M |
MIC Electronics Technical Analysis
MIC Electronics' future price can be derived by breaking down and analyzing its technical indicators over time. MIC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of MIC Electronics Limited. In general, you should focus on analyzing MIC Stock price patterns and their correlations with different microeconomic environments and drivers.
MIC Electronics Predictive Forecast Models
MIC Electronics' time-series forecasting models is one of many MIC Electronics' 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 MIC Electronics' 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 MIC Electronics
Checking the ongoing alerts about MIC Electronics for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for MIC Electronics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| MIC Electronics generated a negative expected return over the last 90 days | |
| MIC Electronics generates negative cash flow from operations | |
| About 75.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: MIC Electronics Completes Landmark Train Display Board Project for Indian Railways Ratlam Division - The Hans India |
Other Information on Investing in MIC Stock
MIC Electronics financial ratios help investors to determine whether MIC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in MIC with respect to the benefits of owning MIC Electronics security.