Mgo Global Common Stock Probability of Future Stock Price Finishing Under 2.35
| MGOL Stock | 2.32 0.03 1.28% |
MGO |
MGO Global Target Price Odds to finish below 2.35
The tendency of MGO 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 stay under 2.35 after 90 days |
| 2.32 | 90 days | 2.35 | about 19.28 |
Based on a normal probability distribution, the odds of MGO Global to stay under 2.35 after 90 days from now is about 19.28 (This MGO Global Common probability density function shows the probability of MGO Stock to fall within a particular range of prices over 90 days) . Probability of MGO Global Common price to stay between its current price of 2.32 and 2.35 at the end of the 90-day period is roughly 2.15 .
Given the investment horizon of 90 days MGO Global has a beta of 0.29. This indicates as returns on the market go up, MGO Global average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding MGO Global Common will be expected to be much smaller as well. Additionally MGO Global Common 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. MGO Global Price Density |
| Price |
Predictive Modules for MGO Global
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MGO Global Common. 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.MGO Global Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. MGO Global is not an exception. The market had few large corrections towards the MGO Global'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 MGO Global Common, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of MGO Global within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.66 | |
β | Beta against Dow Jones | 0.29 | |
σ | Overall volatility | 0.37 | |
Ir | Information ratio | -0.14 |
MGO Global 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 MGO Global for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for MGO Global Common can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| MGO Global Common generated a negative expected return over the last 90 days | |
| MGO Global Common has high historical volatility and very poor performance | |
| MGO Global Common has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 5.36 M. Net Loss for the year was (7.14 M) with profit before overhead, payroll, taxes, and interest of 307.69 K. | |
| MGO Global generates negative cash flow from operations | |
| About 48.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: MGO Global, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024 - Marketscreener.com |
MGO Global 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 MGO Stock often depends not only on the future outlook of the current and potential MGO Global'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. MGO Global's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.4 M | |
| Cash And Short Term Investments | 934.9 K |
MGO Global Technical Analysis
MGO Global's future price can be derived by breaking down and analyzing its technical indicators over time. MGO Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of MGO Global Common. In general, you should focus on analyzing MGO Stock price patterns and their correlations with different microeconomic environments and drivers.
MGO Global Predictive Forecast Models
MGO Global's time-series forecasting models is one of many MGO Global'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 MGO Global'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 MGO Global Common
Checking the ongoing alerts about MGO Global for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for MGO Global Common help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| MGO Global Common generated a negative expected return over the last 90 days | |
| MGO Global Common has high historical volatility and very poor performance | |
| MGO Global Common has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 5.36 M. Net Loss for the year was (7.14 M) with profit before overhead, payroll, taxes, and interest of 307.69 K. | |
| MGO Global generates negative cash flow from operations | |
| About 48.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: MGO Global, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024 - Marketscreener.com |
Check out MGO Global Backtesting, MGO Global Valuation, MGO Global Correlation, MGO Global Hype Analysis, MGO Global Volatility, MGO Global History as well as MGO Global Performance. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Is Movies & Entertainment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MGO Global. If investors know MGO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MGO Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (5.56) | Revenue Per Share 3.655 | Quarterly Revenue Growth (0.17) | Return On Assets (1.55) | Return On Equity (3.12) |
The market value of MGO Global Common is measured differently than its book value, which is the value of MGO that is recorded on the company's balance sheet. Investors also form their own opinion of MGO Global's value that differs from its market value or its book value, called intrinsic value, which is MGO Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MGO Global's market value can be influenced by many factors that don't directly affect MGO Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MGO Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if MGO Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MGO Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.