Michman Basad (Israel) Probability of Future Stock Price Finishing Under 19,798
| MCMN Stock | ILA 20,040 30.00 0.15% |
Michman |
Michman Basad Target Price Odds to finish below 19,798
The tendency of Michman 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 move below current price in 90 days |
| 20,040 | 90 days | 20,040 | about 98.0 |
Based on a normal probability distribution, the odds of Michman Basad to move below current price in 90 days from now is about 98.0 (This Michman Basad probability density function shows the probability of Michman Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Michman Basad has a beta of -0.0163. This indicates as returns on the benchmark increase, returns on holding Michman Basad are expected to decrease at a much lower rate. During a bear market, however, Michman Basad is likely to outperform the market. Additionally Michman Basad has an alpha of 0.2336, implying that it can generate a 0.23 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Michman Basad Price Density |
| Price |
Predictive Modules for Michman Basad
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Michman Basad. 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.Michman Basad Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Michman Basad is not an exception. The market had few large corrections towards the Michman Basad'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 Michman Basad, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Michman Basad within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.23 | |
β | Beta against Dow Jones | -0.02 | |
σ | Overall volatility | 1,316 | |
Ir | Information ratio | 0.08 |
Michman Basad 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 Michman Basad for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Michman Basad can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Michman is showing solid risk-adjusted performance over 90 days | |
| The company reported the revenue of 62.69 M. Net Loss for the year was (2.05 M) with profit before overhead, payroll, taxes, and interest of 31.45 M. | |
| About 70.0% of the company outstanding shares are owned by corporate insiders |
Michman Basad 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 Michman Stock often depends not only on the future outlook of the current and potential Michman Basad'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. Michman Basad's indicators that are reflective of the short sentiment are summarized in the table below.
| Shares Float | 418.9 K |
Michman Basad Technical Analysis
Michman Basad's future price can be derived by breaking down and analyzing its technical indicators over time. Michman Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Michman Basad. In general, you should focus on analyzing Michman Stock price patterns and their correlations with different microeconomic environments and drivers.
Michman Basad Predictive Forecast Models
Michman Basad's time-series forecasting models is one of many Michman Basad'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 Michman Basad'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 Michman Basad
Checking the ongoing alerts about Michman Basad for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Michman Basad help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Michman is showing solid risk-adjusted performance over 90 days | |
| The company reported the revenue of 62.69 M. Net Loss for the year was (2.05 M) with profit before overhead, payroll, taxes, and interest of 31.45 M. | |
| About 70.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Michman Stock
Michman Basad financial ratios help investors to determine whether Michman 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 Michman with respect to the benefits of owning Michman Basad security.