Mcmillan Shakespeare (Australia) Probability of Future Stock Price Finishing Under 15.0
| MMS Stock | 15.08 0.04 0.26% |
Mcmillan |
Mcmillan Shakespeare Target Price Odds to finish below 15.0
The tendency of Mcmillan 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 15.00 or more in 90 days |
| 15.08 | 90 days | 15.00 | about 31.4 |
Based on a normal probability distribution, the odds of Mcmillan Shakespeare to drop to 15.00 or more in 90 days from now is about 31.4 (This Mcmillan Shakespeare probability density function shows the probability of Mcmillan Stock to fall within a particular range of prices over 90 days) . Probability of Mcmillan Shakespeare price to stay between 15.00 and its current price of 15.08 at the end of the 90-day period is about 7.83 .
Assuming the 90 days trading horizon Mcmillan Shakespeare has a beta of 0.48. This indicates as returns on the market go up, Mcmillan Shakespeare average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Mcmillan Shakespeare will be expected to be much smaller as well. Additionally Mcmillan Shakespeare 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. Mcmillan Shakespeare Price Density |
| Price |
Predictive Modules for Mcmillan Shakespeare
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mcmillan Shakespeare. 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.Mcmillan Shakespeare Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Mcmillan Shakespeare is not an exception. The market had few large corrections towards the Mcmillan Shakespeare'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 Mcmillan Shakespeare, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Mcmillan Shakespeare within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.06 | |
β | Beta against Dow Jones | 0.48 | |
σ | Overall volatility | 0.38 | |
Ir | Information ratio | -0.09 |
Mcmillan Shakespeare 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 Mcmillan Shakespeare for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Mcmillan Shakespeare can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Mcmillan Shakespeare generated a negative expected return over the last 90 days | |
| Mcmillan Shakespeare has accumulated about 253 K in cash with (106 M) of positive cash flow from operations. | |
| Roughly 26.0% of the company outstanding shares are owned by corporate insiders |
Mcmillan Shakespeare 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 Mcmillan Stock often depends not only on the future outlook of the current and potential Mcmillan Shakespeare'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. Mcmillan Shakespeare's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 70.2 M | |
| Cash And Short Term Investments | 154.6 M |
Mcmillan Shakespeare Technical Analysis
Mcmillan Shakespeare's future price can be derived by breaking down and analyzing its technical indicators over time. Mcmillan Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Mcmillan Shakespeare. In general, you should focus on analyzing Mcmillan Stock price patterns and their correlations with different microeconomic environments and drivers.
Mcmillan Shakespeare Predictive Forecast Models
Mcmillan Shakespeare's time-series forecasting models is one of many Mcmillan Shakespeare'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 Mcmillan Shakespeare'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 Mcmillan Shakespeare
Checking the ongoing alerts about Mcmillan Shakespeare for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Mcmillan Shakespeare help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Mcmillan Shakespeare generated a negative expected return over the last 90 days | |
| Mcmillan Shakespeare has accumulated about 253 K in cash with (106 M) of positive cash flow from operations. | |
| Roughly 26.0% of the company outstanding shares are owned by corporate insiders |
Additional Tools for Mcmillan Stock Analysis
When running Mcmillan Shakespeare's price analysis, check to measure Mcmillan Shakespeare's 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 Mcmillan Shakespeare is operating at the current time. Most of Mcmillan Shakespeare's value examination focuses on studying past and present price action to predict the probability of Mcmillan Shakespeare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mcmillan Shakespeare's price. Additionally, you may evaluate how the addition of Mcmillan Shakespeare to your portfolios can decrease your overall portfolio volatility.