Mint Income Fund Probability of Future Stock Price Finishing Under 4.60
| MID-UN Stock | CAD 7.76 0.06 0.78% |
MINT |
MINT Income Target Price Odds to finish below 4.60
The tendency of MINT 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 C$ 4.60 or more in 90 days |
| 7.76 | 90 days | 4.60 | near 1 |
Based on a normal probability distribution, the odds of MINT Income to drop to C$ 4.60 or more in 90 days from now is near 1 (This MINT Income Fund probability density function shows the probability of MINT Stock to fall within a particular range of prices over 90 days) . Probability of MINT Income Fund price to stay between C$ 4.60 and its current price of C$7.76 at the end of the 90-day period is more than 94.0 .
Assuming the 90 days trading horizon MINT Income has a beta of 0.17. This indicates as returns on the market go up, MINT Income average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding MINT Income Fund will be expected to be much smaller as well. Additionally MINT Income Fund has an alpha of 0.1602, implying that it can generate a 0.16 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). MINT Income Price Density |
| Price |
Predictive Modules for MINT Income
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MINT Income Fund. 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 MINT Income'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.
MINT Income Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. MINT Income is not an exception. The market had few large corrections towards the MINT Income'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 MINT Income Fund, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of MINT Income within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.16 | |
β | Beta against Dow Jones | 0.17 | |
σ | Overall volatility | 0.17 | |
Ir | Information ratio | 0.06 |
MINT Income 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 MINT Income for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for MINT Income Fund can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| MINT Income Fund is unlikely to experience financial distress in the next 2 years | |
| MINT Income Fund has accumulated about 121.15 M in cash with (6.47 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.55. |
MINT Income 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 MINT Stock often depends not only on the future outlook of the current and potential MINT Income'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. MINT Income's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 12.3 M | |
| Cash And Short Term Investments | 92.8 M |
MINT Income Technical Analysis
MINT Income's future price can be derived by breaking down and analyzing its technical indicators over time. MINT Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of MINT Income Fund. In general, you should focus on analyzing MINT Stock price patterns and their correlations with different microeconomic environments and drivers.
MINT Income Predictive Forecast Models
MINT Income's time-series forecasting models is one of many MINT Income'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 MINT Income'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 MINT Income Fund
Checking the ongoing alerts about MINT Income for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for MINT Income Fund help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| MINT Income Fund is unlikely to experience financial distress in the next 2 years | |
| MINT Income Fund has accumulated about 121.15 M in cash with (6.47 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.55. |
Other Information on Investing in MINT Stock
MINT Income financial ratios help investors to determine whether MINT Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in MINT with respect to the benefits of owning MINT Income security.