Mindteck (India) Odds of Future Stock Price Finishing Under 265.48
| MINDTECK | 293.95 3.50 1.18% |
Mindteck |
Mindteck Target Price Odds to finish below 265.48
The tendency of Mindteck 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 265.48 or more in 90 days |
| 293.95 | 90 days | 265.48 | about 22.15 |
Based on a normal probability distribution, the odds of Mindteck to drop to 265.48 or more in 90 days from now is about 22.15 (This Mindteck Limited probability density function shows the probability of Mindteck Stock to fall within a particular range of prices over 90 days) . Probability of Mindteck Limited price to stay between 265.48 and its current price of 293.95 at the end of the 90-day period is about 41.57 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.17 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Mindteck will likely underperform. Additionally Mindteck 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. Mindteck Price Density |
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Predictive Modules for Mindteck
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mindteck Limited. 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 Mindteck'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.
Mindteck Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Mindteck is not an exception. The market had few large corrections towards the Mindteck'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 Mindteck Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Mindteck within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.11 | |
β | Beta against Dow Jones | 1.17 | |
σ | Overall volatility | 25.48 | |
Ir | Information ratio | -0.03 |
Mindteck 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 Mindteck for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Mindteck Limited can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Mindteck Limited generated a negative expected return over the last 90 days | |
| Mindteck Limited has high historical volatility and very poor performance | |
| Mindteck Limited is unlikely to experience financial distress in the next 2 years | |
| About 77.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Mindteck Limiteds 25 percent Share Price Surge Not Quite Adding Up - Simply Wall St |
Mindteck 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 Mindteck Stock often depends not only on the future outlook of the current and potential Mindteck'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. Mindteck's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 32 M | |
| Cash And Short Term Investments | 1.2 B |
Mindteck Technical Analysis
Mindteck's future price can be derived by breaking down and analyzing its technical indicators over time. Mindteck Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Mindteck Limited. In general, you should focus on analyzing Mindteck Stock price patterns and their correlations with different microeconomic environments and drivers.
Mindteck Predictive Forecast Models
Mindteck's time-series forecasting models is one of many Mindteck'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 Mindteck'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 Mindteck Limited
Checking the ongoing alerts about Mindteck for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Mindteck Limited help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Mindteck Limited generated a negative expected return over the last 90 days | |
| Mindteck Limited has high historical volatility and very poor performance | |
| Mindteck Limited is unlikely to experience financial distress in the next 2 years | |
| About 77.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Mindteck Limiteds 25 percent Share Price Surge Not Quite Adding Up - Simply Wall St |
Other Information on Investing in Mindteck Stock
Mindteck financial ratios help investors to determine whether Mindteck 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 Mindteck with respect to the benefits of owning Mindteck security.