Mirum Pharmaceuticals Stock Forecast - Daily Balance Of Power
| MIRM Stock | USD 46.21 0.01 0.02% |
Mirum Stock Forecast is based on your current time horizon. Although Mirum Pharmaceuticals' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Mirum Pharmaceuticals' systematic risk associated with finding meaningful patterns of Mirum Pharmaceuticals fundamentals over time.
Mirum |
Open Interest Against 2024-12-20 Mirum Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Mirum Pharmaceuticals' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Mirum Pharmaceuticals' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Mirum Pharmaceuticals stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Mirum Pharmaceuticals' open interest, investors have to compare it to Mirum Pharmaceuticals' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Mirum Pharmaceuticals is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Mirum. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.4627 | 0.8069 |
| Check Mirum Pharmaceuticals Volatility | Backtest Mirum Pharmaceuticals | Trend Details |
Mirum Pharmaceuticals Trading Date Momentum
| On December 30 2022 Mirum Pharmaceuticals was traded for 19.50 at the closing time. The top price for the day was 19.52 and the lowest listed price was 18.90 . The trading volume for the day was 157.6 K. The trading history from December 30, 2022 was a factor to the next trading day price boost. The trading delta at closing time against the next closing price was 1.09% . The trading delta at closing time against the current closing price is 1.14% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare Mirum Pharmaceuticals to competition |
Other Forecasting Options for Mirum Pharmaceuticals
For every potential investor in Mirum, whether a beginner or expert, Mirum Pharmaceuticals' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Mirum Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Mirum. Basic forecasting techniques help filter out the noise by identifying Mirum Pharmaceuticals' price trends.Mirum Pharmaceuticals Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Mirum Pharmaceuticals stock to make a market-neutral strategy. Peer analysis of Mirum Pharmaceuticals could also be used in its relative valuation, which is a method of valuing Mirum Pharmaceuticals by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Mirum Pharmaceuticals Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Mirum Pharmaceuticals' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Mirum Pharmaceuticals' current price.| Cycle Indicators | ||
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Mirum Pharmaceuticals Market Strength Events
Market strength indicators help investors to evaluate how Mirum Pharmaceuticals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mirum Pharmaceuticals shares will generate the highest return on investment. By undertsting and applying Mirum Pharmaceuticals stock market strength indicators, traders can identify Mirum Pharmaceuticals entry and exit signals to maximize returns.
Mirum Pharmaceuticals Risk Indicators
The analysis of Mirum Pharmaceuticals' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Mirum Pharmaceuticals' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mirum stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.73 | |||
| Semi Deviation | 2.21 | |||
| Standard Deviation | 2.39 | |||
| Variance | 5.7 | |||
| Downside Variance | 5.7 | |||
| Semi Variance | 4.87 | |||
| Expected Short fall | (1.90) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Is Biotechnology 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 Mirum Pharmaceuticals. If investors know Mirum 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 Mirum Pharmaceuticals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.08) | Revenue Per Share 6.513 | Quarterly Revenue Growth 0.894 | Return On Assets (0.09) | Return On Equity (0.40) |
The market value of Mirum Pharmaceuticals is measured differently than its book value, which is the value of Mirum that is recorded on the company's balance sheet. Investors also form their own opinion of Mirum Pharmaceuticals' value that differs from its market value or its book value, called intrinsic value, which is Mirum Pharmaceuticals' 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 Mirum Pharmaceuticals' market value can be influenced by many factors that don't directly affect Mirum Pharmaceuticals' 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 Mirum Pharmaceuticals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mirum Pharmaceuticals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mirum Pharmaceuticals' 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.