Mitek Systems Stock Statistic Functions Beta

MITK Stock  USD 9.37  0.01  0.11%   
Mitek Systems statistic functions tool provides the execution environment for running the Beta function and other technical functions against Mitek Systems. Mitek Systems value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Beta function function is designed to identify and follow existing trends. Mitek Systems statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

The output start index for this execution was thirty with a total number of output elements of thirty-one. The Beta measures systematic risk based on how returns on Mitek Systems correlated with the market. If Beta is less than 0 Mitek Systems generally moves in the opposite direction as compared to the market. If Mitek Systems Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Mitek Systems is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Mitek Systems is generally in the same direction as the market. If Beta > 1 Mitek Systems moves generally in the same direction as, but more than the movement of the benchmark.

Mitek Systems Technical Analysis Modules

Most technical analysis of Mitek Systems help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Mitek from various momentum indicators to cycle indicators. When you analyze Mitek charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Mitek Systems Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Mitek Systems. We use our internally-developed statistical techniques to arrive at the intrinsic value of Mitek Systems based on widely used predictive technical indicators. In general, we focus on analyzing Mitek Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Mitek Systems's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Mitek Systems's intrinsic value. In addition to deriving basic predictive indicators for Mitek Systems, we also check how macroeconomic factors affect Mitek Systems price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2022 2023 2024 2025 (projected)
Days Sales Outstanding106.8100.75115.86100.71
PTB Ratio2.381.881.691.61
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mitek Systems' 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.
Hype
Prediction
LowEstimatedHigh
6.199.3612.53
Details
Intrinsic
Valuation
LowRealHigh
7.2710.4413.61
Details
Naive
Forecast
LowNextHigh
5.268.4411.61
Details
6 Analysts
Consensus
LowTargetHigh
11.5612.7014.10
Details

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As an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.

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Mitek Systems pair trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Mitek Systems position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mitek Systems will appreciate offsetting losses from the drop in the long position's value.

Mitek Systems Pair Trading

Mitek Systems Pair Trading Analysis

When determining whether Mitek Systems is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Mitek Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Mitek Systems Stock. Highlighted below are key reports to facilitate an investment decision about Mitek Systems Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mitek Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.
You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Is Application Software 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 Mitek Systems. If investors know Mitek 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 Mitek Systems 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
(0.94)
Earnings Share
0.1
Revenue Per Share
3.725
Quarterly Revenue Growth
0.009
Return On Assets
0.0133
The market value of Mitek Systems is measured differently than its book value, which is the value of Mitek that is recorded on the company's balance sheet. Investors also form their own opinion of Mitek Systems' value that differs from its market value or its book value, called intrinsic value, which is Mitek Systems' 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 Mitek Systems' market value can be influenced by many factors that don't directly affect Mitek Systems' 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 Mitek Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mitek Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mitek Systems' 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.