Minerals Technologies Stock Probability of Future Stock Price Finishing Over 75.53
| MTX Stock | USD 81.13 2.07 2.49% |
Minerals |
Minerals Technologies Target Price Odds to finish over 75.53
The tendency of Minerals 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 above $ 75.53 in 90 days |
| 81.13 | 90 days | 75.53 | about 64.58 |
Based on a normal probability distribution, the odds of Minerals Technologies to stay above $ 75.53 in 90 days from now is about 64.58 (This Minerals Technologies probability density function shows the probability of Minerals Stock to fall within a particular range of prices over 90 days) . Probability of Minerals Technologies price to stay between $ 75.53 and its current price of $81.13 at the end of the 90-day period is about 53.31 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.92 . 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, Minerals Technologies will likely underperform. Additionally Minerals Technologies 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. Minerals Technologies Price Density |
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Predictive Modules for Minerals Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Minerals Technologies. 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 Minerals Technologies' 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.
Minerals Technologies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Minerals Technologies is not an exception. The market had few large corrections towards the Minerals Technologies' 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 Minerals Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Minerals Technologies within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.11 | |
β | Beta against Dow Jones | 1.92 | |
σ | Overall volatility | 3.53 | |
Ir | Information ratio | -0.0015 |
Minerals Technologies 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 Minerals Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Minerals Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Minerals Technologies has a strong financial position based on the latest SEC filings | |
| Over 99.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Minerals Technologies Announces Successful Debt Refinancing |
Minerals Technologies 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 Minerals Stock often depends not only on the future outlook of the current and potential Minerals Technologies' 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. Minerals Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 32.6 M | |
| Cash And Short Term Investments | 321.5 M |
Minerals Technologies Technical Analysis
Minerals Technologies' future price can be derived by breaking down and analyzing its technical indicators over time. Minerals Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Minerals Technologies. In general, you should focus on analyzing Minerals Stock price patterns and their correlations with different microeconomic environments and drivers.
Minerals Technologies Predictive Forecast Models
Minerals Technologies' time-series forecasting models is one of many Minerals Technologies' 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 Minerals Technologies' 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 Minerals Technologies
Checking the ongoing alerts about Minerals Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Minerals Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Minerals Technologies has a strong financial position based on the latest SEC filings | |
| Over 99.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Minerals Technologies Announces Successful Debt Refinancing |
Additional Tools for Minerals Stock Analysis
When running Minerals Technologies' price analysis, check to measure Minerals Technologies' 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 Minerals Technologies is operating at the current time. Most of Minerals Technologies' value examination focuses on studying past and present price action to predict the probability of Minerals Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Minerals Technologies' price. Additionally, you may evaluate how the addition of Minerals Technologies to your portfolios can decrease your overall portfolio volatility.