Meeka Metals (Australia) Probability of Future Stock Price Finishing Over 0.11
| MEK Stock | 0.11 0.00 0.00% |
Meeka |
Meeka Metals Target Price Odds to finish over 0.11
The tendency of Meeka 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 above the current price in 90 days |
| 0.11 | 90 days | 0.11 | roughly 2.63 |
Based on a normal probability distribution, the odds of Meeka Metals to move above the current price in 90 days from now is roughly 2.63 (This Meeka Metals Limited probability density function shows the probability of Meeka Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Meeka Metals Limited has a beta of -0.0735. This indicates as returns on the benchmark increase, returns on holding Meeka Metals are expected to decrease at a much lower rate. During a bear market, however, Meeka Metals Limited is likely to outperform the market. Additionally Meeka Metals Limited has an alpha of 0.5453, implying that it can generate a 0.55 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Meeka Metals Price Density |
| Price |
Predictive Modules for Meeka Metals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Meeka Metals Limited. 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.Meeka Metals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Meeka Metals is not an exception. The market had few large corrections towards the Meeka Metals' 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 Meeka Metals Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Meeka Metals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.55 | |
β | Beta against Dow Jones | -0.07 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.09 |
Meeka Metals 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 Meeka Metals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Meeka Metals Limited can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Meeka Metals Limited has some characteristics of a very speculative penny stock | |
| Meeka Metals Limited appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 48.73 K. Net Loss for the year was (2.94 M) with profit before overhead, payroll, taxes, and interest of 48.73 K. | |
| Meeka Metals Limited has accumulated about 2.47 M in cash with (1.52 M) of positive cash flow from operations. | |
| Roughly 21.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Meeka Metals Clarifies ASX Query on Drilling Results - TipRanks |
Meeka Metals 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 Meeka Stock often depends not only on the future outlook of the current and potential Meeka Metals' 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. Meeka Metals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.2 B | |
| Cash And Short Term Investments | 3 M |
Meeka Metals Technical Analysis
Meeka Metals' future price can be derived by breaking down and analyzing its technical indicators over time. Meeka Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Meeka Metals Limited. In general, you should focus on analyzing Meeka Stock price patterns and their correlations with different microeconomic environments and drivers.
Meeka Metals Predictive Forecast Models
Meeka Metals' time-series forecasting models is one of many Meeka Metals' 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 Meeka Metals' 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 Meeka Metals Limited
Checking the ongoing alerts about Meeka Metals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Meeka Metals Limited help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Meeka Metals Limited has some characteristics of a very speculative penny stock | |
| Meeka Metals Limited appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 48.73 K. Net Loss for the year was (2.94 M) with profit before overhead, payroll, taxes, and interest of 48.73 K. | |
| Meeka Metals Limited has accumulated about 2.47 M in cash with (1.52 M) of positive cash flow from operations. | |
| Roughly 21.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Meeka Metals Clarifies ASX Query on Drilling Results - TipRanks |
Additional Tools for Meeka Stock Analysis
When running Meeka Metals' price analysis, check to measure Meeka Metals' 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 Meeka Metals is operating at the current time. Most of Meeka Metals' value examination focuses on studying past and present price action to predict the probability of Meeka Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Meeka Metals' price. Additionally, you may evaluate how the addition of Meeka Metals to your portfolios can decrease your overall portfolio volatility.