MGM Resorts (Mexico) Probability of Future Stock Price Finishing Under 775.21
| MGM Stock | MXN 778.00 0.00 0.00% |
MGM |
MGM Resorts Target Price Odds to finish below 775.21
The tendency of MGM 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 775.21 or more in 90 days |
| 778.00 | 90 days | 775.21 | about 67.9 |
Based on a normal probability distribution, the odds of MGM Resorts to drop to 775.21 or more in 90 days from now is about 67.9 (This MGM Resorts International probability density function shows the probability of MGM Stock to fall within a particular range of prices over 90 days) . Probability of MGM Resorts International price to stay between 775.21 and its current price of 778.0 at the end of the 90-day period is roughly 2.61 .
Assuming the 90 days trading horizon MGM Resorts International has a beta of -0.73. This indicates as returns on the benchmark increase, returns on holding MGM Resorts are expected to decrease at a much lower rate. During a bear market, however, MGM Resorts International is likely to outperform the market. Additionally MGM Resorts International has an alpha of 0.2027, implying that it can generate a 0.2 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). MGM Resorts Price Density |
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Predictive Modules for MGM Resorts
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MGM Resorts International. 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.MGM Resorts Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. MGM Resorts is not an exception. The market had few large corrections towards the MGM Resorts' 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 MGM Resorts International, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of MGM Resorts within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.20 | |
β | Beta against Dow Jones | -0.73 | |
σ | Overall volatility | 37.48 | |
Ir | Information ratio | -0.0064 |
MGM Resorts 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 MGM Resorts for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for MGM Resorts International can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 68.0% of the company shares are owned by institutional investors |
MGM Resorts 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 MGM Stock often depends not only on the future outlook of the current and potential MGM Resorts' 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. MGM Resorts' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 379.1 M |
MGM Resorts Technical Analysis
MGM Resorts' future price can be derived by breaking down and analyzing its technical indicators over time. MGM Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of MGM Resorts International. In general, you should focus on analyzing MGM Stock price patterns and their correlations with different microeconomic environments and drivers.
MGM Resorts Predictive Forecast Models
MGM Resorts' time-series forecasting models is one of many MGM Resorts' 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 MGM Resorts' 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 MGM Resorts International
Checking the ongoing alerts about MGM Resorts for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for MGM Resorts International help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 68.0% of the company shares are owned by institutional investors |
Additional Tools for MGM Stock Analysis
When running MGM Resorts' price analysis, check to measure MGM Resorts' 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 MGM Resorts is operating at the current time. Most of MGM Resorts' value examination focuses on studying past and present price action to predict the probability of MGM Resorts' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MGM Resorts' price. Additionally, you may evaluate how the addition of MGM Resorts to your portfolios can decrease your overall portfolio volatility.