Manitex International Stock Probability of Future Stock Price Finishing Over 5.73
| MNTX Stock | USD 5.73 0.01 0.17% |
Manitex |
Manitex International Target Price Odds to finish over 5.73
The tendency of Manitex 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 above the current price in 90 days |
| 5.73 | 90 days | 5.73 | about 30.05 |
Based on a normal probability distribution, the odds of Manitex International to move above the current price in 90 days from now is about 30.05 (This Manitex International probability density function shows the probability of Manitex Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Manitex International has a beta of 0.85. This indicates Manitex International market returns are sensitive to returns on the market. As the market goes up or down, Manitex International is expected to follow. Additionally Manitex International has an alpha of 0.4977, implying that it can generate a 0.5 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Manitex International Price Density |
| Price |
Predictive Modules for Manitex International
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Manitex 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Manitex International'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.
Manitex International Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Manitex International is not an exception. The market had few large corrections towards the Manitex International'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 Manitex International, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Manitex International within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.50 | |
β | Beta against Dow Jones | 0.85 | |
σ | Overall volatility | 0.65 | |
Ir | Information ratio | 0.08 |
Manitex International 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 Manitex International for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Manitex 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.| Manitex International is way too risky over 90 days horizon | |
| Manitex International appears to be risky and price may revert if volatility continues | |
| Manitex International is unlikely to experience financial distress in the next 2 years | |
| Manitex International has a strong financial position based on the latest SEC filings | |
| About 55.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: SHAREHOLDER INVESTIGATION Halper Sadeh LLC Investigates PSTX, ZUO, MNTX on Behalf of Shareholders |
Manitex International 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 Manitex Stock often depends not only on the future outlook of the current and potential Manitex International'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. Manitex International's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 20.2 M | |
| Cash And Short Term Investments | 9.3 M |
Manitex International Technical Analysis
Manitex International's future price can be derived by breaking down and analyzing its technical indicators over time. Manitex Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Manitex International. In general, you should focus on analyzing Manitex Stock price patterns and their correlations with different microeconomic environments and drivers.
Manitex International Predictive Forecast Models
Manitex International's time-series forecasting models is one of many Manitex International'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 Manitex International'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 Manitex International
Checking the ongoing alerts about Manitex International for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Manitex International help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Manitex International is way too risky over 90 days horizon | |
| Manitex International appears to be risky and price may revert if volatility continues | |
| Manitex International is unlikely to experience financial distress in the next 2 years | |
| Manitex International has a strong financial position based on the latest SEC filings | |
| About 55.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: SHAREHOLDER INVESTIGATION Halper Sadeh LLC Investigates PSTX, ZUO, MNTX on Behalf of Shareholders |
Additional Tools for Manitex Stock Analysis
When running Manitex International's price analysis, check to measure Manitex International'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 Manitex International is operating at the current time. Most of Manitex International's value examination focuses on studying past and present price action to predict the probability of Manitex International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Manitex International's price. Additionally, you may evaluate how the addition of Manitex International to your portfolios can decrease your overall portfolio volatility.