Macrogenics Stock Probability of Future Stock Price Finishing Over 3.28
| MGNX Stock | USD 3.21 0.07 2.13% |
MacroGenics |
MacroGenics Target Price Odds to finish over 3.28
The tendency of MacroGenics 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 over $ 3.28 or more in 90 days |
| 3.21 | 90 days | 3.28 | about 84.13 |
Based on a normal probability distribution, the odds of MacroGenics to move over $ 3.28 or more in 90 days from now is about 84.13 (This MacroGenics probability density function shows the probability of MacroGenics Stock to fall within a particular range of prices over 90 days) . Probability of MacroGenics price to stay between its current price of $ 3.21 and $ 3.28 at the end of the 90-day period is nearly 4.59 .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.89 . 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, MacroGenics will likely underperform. Additionally MacroGenics 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. MacroGenics Price Density |
| Price |
Predictive Modules for MacroGenics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MacroGenics. 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.MacroGenics Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. MacroGenics is not an exception. The market had few large corrections towards the MacroGenics' 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 MacroGenics, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of MacroGenics within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.31 | |
β | Beta against Dow Jones | 2.89 | |
σ | Overall volatility | 0.33 | |
Ir | Information ratio | -0.04 |
MacroGenics 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 MacroGenics for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for MacroGenics can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| MacroGenics generated a negative expected return over the last 90 days | |
| MacroGenics has high historical volatility and very poor performance | |
| MacroGenics has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 58.75 M. Net Loss for the year was (9.06 M) with loss before overhead, payroll, taxes, and interest of (62.47 M). | |
| MacroGenics currently holds about 133.74 M in cash with (78.2 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.18. | |
| MacroGenics has a poor financial position based on the latest SEC disclosures | |
| Over 93.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: ARMISTICE CAPITAL, LLC Acquires Significant Stake in Macrogenics Inc |
MacroGenics 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 MacroGenics Stock often depends not only on the future outlook of the current and potential MacroGenics' 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. MacroGenics' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 61.9 M | |
| Cash And Short Term Investments | 229.8 M |
MacroGenics Technical Analysis
MacroGenics' future price can be derived by breaking down and analyzing its technical indicators over time. MacroGenics Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of MacroGenics. In general, you should focus on analyzing MacroGenics Stock price patterns and their correlations with different microeconomic environments and drivers.
MacroGenics Predictive Forecast Models
MacroGenics' time-series forecasting models is one of many MacroGenics' 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 MacroGenics' 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 MacroGenics
Checking the ongoing alerts about MacroGenics for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for MacroGenics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| MacroGenics generated a negative expected return over the last 90 days | |
| MacroGenics has high historical volatility and very poor performance | |
| MacroGenics has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 58.75 M. Net Loss for the year was (9.06 M) with loss before overhead, payroll, taxes, and interest of (62.47 M). | |
| MacroGenics currently holds about 133.74 M in cash with (78.2 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.18. | |
| MacroGenics has a poor financial position based on the latest SEC disclosures | |
| Over 93.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: ARMISTICE CAPITAL, LLC Acquires Significant Stake in Macrogenics Inc |
Additional Tools for MacroGenics Stock Analysis
When running MacroGenics' price analysis, check to measure MacroGenics' 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 MacroGenics is operating at the current time. Most of MacroGenics' value examination focuses on studying past and present price action to predict the probability of MacroGenics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MacroGenics' price. Additionally, you may evaluate how the addition of MacroGenics to your portfolios can decrease your overall portfolio volatility.