Mycronic Publ (Sweden) Probability of Future Stock Price Finishing Under 386.44
| MYCR Stock | SEK 386.60 0.80 0.21% |
Mycronic |
Mycronic Publ Target Price Odds to finish below 386.44
The tendency of Mycronic 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 kr 386.44 or more in 90 days |
| 386.60 | 90 days | 386.44 | about 43.08 |
Based on a normal probability distribution, the odds of Mycronic Publ to drop to kr 386.44 or more in 90 days from now is about 43.08 (This Mycronic publ AB probability density function shows the probability of Mycronic Stock to fall within a particular range of prices over 90 days) . Probability of Mycronic publ AB price to stay between kr 386.44 and its current price of kr386.6 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon Mycronic publ AB has a beta of -0.19. This indicates as returns on the benchmark increase, returns on holding Mycronic Publ are expected to decrease at a much lower rate. During a bear market, however, Mycronic publ AB is likely to outperform the market. Additionally Mycronic publ AB has an alpha of 0.0733, implying that it can generate a 0.0733 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Mycronic Publ Price Density |
| Price |
Predictive Modules for Mycronic Publ
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mycronic publ AB. 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.Mycronic Publ Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Mycronic Publ is not an exception. The market had few large corrections towards the Mycronic Publ'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 Mycronic publ AB, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Mycronic Publ within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.07 | |
β | Beta against Dow Jones | -0.19 | |
σ | Overall volatility | 17.81 | |
Ir | Information ratio | -0.04 |
Mycronic Publ 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 Mycronic Publ for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Mycronic publ AB can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Over 82.0% of the company shares are owned by institutional investors |
Mycronic Publ 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 Mycronic Stock often depends not only on the future outlook of the current and potential Mycronic Publ'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. Mycronic Publ's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 107.5 M | |
| Cash And Short Term Investments | 683 M |
Mycronic Publ Technical Analysis
Mycronic Publ's future price can be derived by breaking down and analyzing its technical indicators over time. Mycronic Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Mycronic publ AB. In general, you should focus on analyzing Mycronic Stock price patterns and their correlations with different microeconomic environments and drivers.
Mycronic Publ Predictive Forecast Models
Mycronic Publ's time-series forecasting models is one of many Mycronic Publ'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 Mycronic Publ'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 Mycronic publ AB
Checking the ongoing alerts about Mycronic Publ for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Mycronic publ AB help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 82.0% of the company shares are owned by institutional investors |
Additional Tools for Mycronic Stock Analysis
When running Mycronic Publ's price analysis, check to measure Mycronic Publ's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mycronic Publ is operating at the current time. Most of Mycronic Publ's value examination focuses on studying past and present price action to predict the probability of Mycronic Publ's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mycronic Publ's price. Additionally, you may evaluate how the addition of Mycronic Publ to your portfolios can decrease your overall portfolio volatility.