Multi Ways Holdings Stock Probability of Future Stock Price Finishing Over 21.39
| MWG Stock | 0.27 0.01 3.57% |
Multi |
Multi Ways Target Price Odds to finish over 21.39
The tendency of Multi 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 over 21.39 or more in 90 days |
| 0.27 | 90 days | 21.39 | close to zero percent |
Based on a normal probability distribution, the odds of Multi Ways to move over 21.39 or more in 90 days from now is close to zero percent (This Multi Ways Holdings probability density function shows the probability of Multi Stock to fall within a particular range of prices over 90 days) . Probability of Multi Ways Holdings price to stay between its current price of 0.27 and 21.39 at the end of the 90-day period is about 69.74 .
Considering the 90-day investment horizon Multi Ways has a beta of 0.34. This indicates as returns on the market go up, Multi Ways average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Multi Ways Holdings will be expected to be much smaller as well. Additionally Multi Ways Holdings 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. Multi Ways Price Density |
| Price |
Predictive Modules for Multi Ways
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Multi Ways Holdings. 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 Multi Ways' 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.
Multi Ways Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Multi Ways is not an exception. The market had few large corrections towards the Multi Ways' 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 Multi Ways Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Multi Ways within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.63 | |
β | Beta against Dow Jones | 0.34 | |
σ | Overall volatility | 0.08 | |
Ir | Information ratio | -0.11 |
Multi Ways 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 Multi Ways for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Multi Ways Holdings can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Multi Ways Holdings generated a negative expected return over the last 90 days | |
| Multi Ways Holdings has high historical volatility and very poor performance | |
| Multi Ways Holdings has some characteristics of a very speculative penny stock | |
| Multi Ways Holdings has high likelihood to experience some financial distress in the next 2 years | |
| About 72.0% of the company outstanding shares are owned by corporate insiders |
Multi Ways 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 Multi Stock often depends not only on the future outlook of the current and potential Multi Ways' 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. Multi Ways' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 29.3 M | |
| Cash And Short Term Investments | 9.3 M |
Multi Ways Technical Analysis
Multi Ways' future price can be derived by breaking down and analyzing its technical indicators over time. Multi Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Multi Ways Holdings. In general, you should focus on analyzing Multi Stock price patterns and their correlations with different microeconomic environments and drivers.
Multi Ways Predictive Forecast Models
Multi Ways' time-series forecasting models is one of many Multi Ways' 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 Multi Ways' 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 Multi Ways Holdings
Checking the ongoing alerts about Multi Ways for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Multi Ways Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Multi Ways Holdings generated a negative expected return over the last 90 days | |
| Multi Ways Holdings has high historical volatility and very poor performance | |
| Multi Ways Holdings has some characteristics of a very speculative penny stock | |
| Multi Ways Holdings has high likelihood to experience some financial distress in the next 2 years | |
| About 72.0% of the company outstanding shares are owned by corporate insiders |
Check out Multi Ways Backtesting, Multi Ways Valuation, Multi Ways Correlation, Multi Ways Hype Analysis, Multi Ways Volatility, Multi Ways History as well as Multi Ways Performance. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Is Industrial Machinery & Supplies & Components 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 Multi Ways. If investors know Multi 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 Multi Ways listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Multi Ways Holdings is measured differently than its book value, which is the value of Multi that is recorded on the company's balance sheet. Investors also form their own opinion of Multi Ways' value that differs from its market value or its book value, called intrinsic value, which is Multi Ways' 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 Multi Ways' market value can be influenced by many factors that don't directly affect Multi Ways' 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 Multi Ways' value and its price as these two are different measures arrived at by different means. Investors typically determine if Multi Ways is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Multi Ways' 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.