Mullen Automotive Stock Probability of Future Stock Price Finishing Under -2.57
| MULN Stock | USD 3.20 0.50 18.52% |
Mullen |
Mullen Automotive Target Price Odds to finish below -2.57
The tendency of Mullen 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 $(2.57) or more in 90 days |
| 3.20 | 90 days | (2.57) | about 12.59 |
Based on a normal probability distribution, the odds of Mullen Automotive to drop to $(2.57) or more in 90 days from now is about 12.59 (This Mullen Automotive probability density function shows the probability of Mullen Stock to fall within a particular range of prices over 90 days) . Probability of Mullen Automotive price to stay between $(2.57) and its current price of $3.2 at the end of the 90-day period is about 16.54 .
Given the investment horizon of 90 days Mullen Automotive has a beta of -1.59. This indicates as returns on its benchmark rise, returns on holding Mullen Automotive are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Mullen Automotive is expected to outperform its benchmark. Additionally Mullen Automotive 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. Mullen Automotive Price Density |
| Price |
Predictive Modules for Mullen Automotive
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mullen Automotive. 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.Mullen Automotive Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Mullen Automotive is not an exception. The market had few large corrections towards the Mullen Automotive'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 Mullen Automotive, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Mullen Automotive within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -1.92 | |
β | Beta against Dow Jones | -1.59 | |
σ | Overall volatility | 9.68 | |
Ir | Information ratio | -0.14 |
Mullen Automotive 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 Mullen Automotive for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Mullen Automotive can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Mullen Automotive generated a negative expected return over the last 90 days | |
| Mullen Automotive has high historical volatility and very poor performance | |
| Mullen Automotive has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 366 K. Net Loss for the year was (1.01 B) with loss before overhead, payroll, taxes, and interest of (392.68 K). | |
| Mullen Automotive currently holds about 60.93 M in cash with (179.17 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.12. | |
| Latest headline from finance.yahoo.com: Mullen Automotive Gears Up For US-Made Battery Production Details |
Mullen Automotive 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 Mullen Stock often depends not only on the future outlook of the current and potential Mullen Automotive'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. Mullen Automotive's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 61.3 K | |
| Cash And Short Term Investments | 155.3 M |
Mullen Automotive Technical Analysis
Mullen Automotive's future price can be derived by breaking down and analyzing its technical indicators over time. Mullen Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Mullen Automotive. In general, you should focus on analyzing Mullen Stock price patterns and their correlations with different microeconomic environments and drivers.
Mullen Automotive Predictive Forecast Models
Mullen Automotive's time-series forecasting models is one of many Mullen Automotive'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 Mullen Automotive'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 Mullen Automotive
Checking the ongoing alerts about Mullen Automotive for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Mullen Automotive help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Mullen Automotive generated a negative expected return over the last 90 days | |
| Mullen Automotive has high historical volatility and very poor performance | |
| Mullen Automotive has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 366 K. Net Loss for the year was (1.01 B) with loss before overhead, payroll, taxes, and interest of (392.68 K). | |
| Mullen Automotive currently holds about 60.93 M in cash with (179.17 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.12. | |
| Latest headline from finance.yahoo.com: Mullen Automotive Gears Up For US-Made Battery Production Details |
Check out Mullen Automotive Backtesting, Mullen Automotive Valuation, Mullen Automotive Correlation, Mullen Automotive Hype Analysis, Mullen Automotive Volatility, Mullen Automotive History as well as Mullen Automotive Performance. To learn how to invest in Mullen Stock, please use our How to Invest in Mullen Automotive guide.You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Is Automobile Manufacturers 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 Mullen Automotive. If investors know Mullen 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 Mullen Automotive listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 298.2 K | Revenue Per Share 2.51 | Quarterly Revenue Growth (0.79) | Return On Assets (0.48) | Return On Equity (2.60) |
The market value of Mullen Automotive is measured differently than its book value, which is the value of Mullen that is recorded on the company's balance sheet. Investors also form their own opinion of Mullen Automotive's value that differs from its market value or its book value, called intrinsic value, which is Mullen Automotive'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 Mullen Automotive's market value can be influenced by many factors that don't directly affect Mullen Automotive'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 Mullen Automotive's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mullen Automotive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mullen Automotive'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.