Mill City Ventures Stock Probability of Future Stock Price Finishing Under 1.71
| MCVT Stock | USD 1.96 0.14 7.69% |
Mill |
Mill City Target Price Odds to finish below 1.71
The tendency of Mill 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 $ 1.71 or more in 90 days |
| 1.96 | 90 days | 1.71 | about 7.91 |
Based on a normal probability distribution, the odds of Mill City to drop to $ 1.71 or more in 90 days from now is about 7.91 (This Mill City Ventures probability density function shows the probability of Mill Stock to fall within a particular range of prices over 90 days) . Probability of Mill City Ventures price to stay between $ 1.71 and its current price of $1.96 at the end of the 90-day period is about 12.08 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.44 . 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, Mill City will likely underperform. Additionally Mill City Ventures 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. Mill City Price Density |
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Predictive Modules for Mill City
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mill City Ventures. 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 Mill City'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.
Mill City Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Mill City is not an exception. The market had few large corrections towards the Mill City'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 Mill City Ventures, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Mill City within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.57 | |
β | Beta against Dow Jones | 1.44 | |
σ | Overall volatility | 0.44 | |
Ir | Information ratio | -0.11 |
Mill City 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 Mill City for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Mill City Ventures can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Mill City Ventures generated a negative expected return over the last 90 days | |
| Mill City Ventures may become a speculative penny stock | |
| Mill City Ventures has high historical volatility and very poor performance | |
| Mill City Ventures has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 3.3 M. Net Loss for the year was (1.17 M) with profit before overhead, payroll, taxes, and interest of 4.2 M. | |
| Mill City Ventures currently holds about 629.57 K in cash with (1.14 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.1. | |
| Roughly 64.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Mill City Ventures stock hits 52-week low at 1.8 amid market shifts - Investing.com Nigeria |
Mill City 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 Mill Stock often depends not only on the future outlook of the current and potential Mill City'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. Mill City's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 6.2 M | |
| Cash And Short Term Investments | 376 K |
Mill City Technical Analysis
Mill City's future price can be derived by breaking down and analyzing its technical indicators over time. Mill Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Mill City Ventures. In general, you should focus on analyzing Mill Stock price patterns and their correlations with different microeconomic environments and drivers.
Mill City Predictive Forecast Models
Mill City's time-series forecasting models is one of many Mill City'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 Mill City'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 Mill City Ventures
Checking the ongoing alerts about Mill City for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Mill City Ventures help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Mill City Ventures generated a negative expected return over the last 90 days | |
| Mill City Ventures may become a speculative penny stock | |
| Mill City Ventures has high historical volatility and very poor performance | |
| Mill City Ventures has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 3.3 M. Net Loss for the year was (1.17 M) with profit before overhead, payroll, taxes, and interest of 4.2 M. | |
| Mill City Ventures currently holds about 629.57 K in cash with (1.14 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.1. | |
| Roughly 64.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Mill City Ventures stock hits 52-week low at 1.8 amid market shifts - Investing.com Nigeria |
Additional Tools for Mill Stock Analysis
When running Mill City's price analysis, check to measure Mill City'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 Mill City is operating at the current time. Most of Mill City's value examination focuses on studying past and present price action to predict the probability of Mill City's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mill City's price. Additionally, you may evaluate how the addition of Mill City to your portfolios can decrease your overall portfolio volatility.