Millicom International Cellular Stock Probability of Future Stock Price Finishing Under 26.6
| TIGO Stock | USD 25.59 0.02 0.08% |
Millicom |
Millicom International Target Price Odds to finish below 26.6
The tendency of Millicom 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 under $ 26.60 after 90 days |
| 25.59 | 90 days | 26.60 | about 30.21 |
Based on a normal probability distribution, the odds of Millicom International to stay under $ 26.60 after 90 days from now is about 30.21 (This Millicom International Cellular probability density function shows the probability of Millicom Stock to fall within a particular range of prices over 90 days) . Probability of Millicom International price to stay between its current price of $ 25.59 and $ 26.60 at the end of the 90-day period is about 28.39 .
Given the investment horizon of 90 days Millicom International has a beta of 0.24. This usually implies as returns on the market go up, Millicom International average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Millicom International Cellular will be expected to be much smaller as well. Additionally Millicom International Cellular 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. Millicom International Price Density |
| Price |
Predictive Modules for Millicom 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 Millicom 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.Millicom International Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Millicom International is not an exception. The market had few large corrections towards the Millicom 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 Millicom International Cellular, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Millicom International within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.09 | |
β | Beta against Dow Jones | 0.24 | |
σ | Overall volatility | 0.67 | |
Ir | Information ratio | -0.13 |
Millicom 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 Millicom International for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Millicom 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.| Millicom International generated a negative expected return over the last 90 days | |
| Millicom International Cellular currently holds 7.74 B in liabilities with Debt to Equity (D/E) ratio of 2.18, implying the company greatly relies on financing operations through barrowing. Millicom International has a current ratio of 0.93, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Millicom International's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 5.66 B. Net Loss for the year was (82 M) with profit before overhead, payroll, taxes, and interest of 4.12 B. | |
| Millicom International has a strong financial position based on the latest SEC filings | |
| Latest headline from gurufocus.com: Millicom International Cellular SA Stock Price Up 2.95 percent on Nov 14 |
Millicom 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 Millicom Stock often depends not only on the future outlook of the current and potential Millicom 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. Millicom International's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 171.4 M | |
| Cash And Short Term Investments | 775 M |
Millicom International Technical Analysis
Millicom International's future price can be derived by breaking down and analyzing its technical indicators over time. Millicom Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Millicom International Cellular. In general, you should focus on analyzing Millicom Stock price patterns and their correlations with different microeconomic environments and drivers.
Millicom International Predictive Forecast Models
Millicom International's time-series forecasting models is one of many Millicom 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 Millicom 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 Millicom International
Checking the ongoing alerts about Millicom International for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Millicom International help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Millicom International generated a negative expected return over the last 90 days | |
| Millicom International Cellular currently holds 7.74 B in liabilities with Debt to Equity (D/E) ratio of 2.18, implying the company greatly relies on financing operations through barrowing. Millicom International has a current ratio of 0.93, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Millicom International's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 5.66 B. Net Loss for the year was (82 M) with profit before overhead, payroll, taxes, and interest of 4.12 B. | |
| Millicom International has a strong financial position based on the latest SEC filings | |
| Latest headline from gurufocus.com: Millicom International Cellular SA Stock Price Up 2.95 percent on Nov 14 |
Check out Millicom International Backtesting, Millicom International Valuation, Millicom International Correlation, Millicom International Hype Analysis, Millicom International Volatility, Millicom International History as well as Millicom International Performance. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Wireless Telecommunication Services 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 Millicom International. If investors know Millicom 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 Millicom International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 29.194 | Earnings Share 0.92 | Revenue Per Share 34.128 | Quarterly Revenue Growth 0.005 | Return On Assets 0.0499 |
The market value of Millicom International is measured differently than its book value, which is the value of Millicom that is recorded on the company's balance sheet. Investors also form their own opinion of Millicom International's value that differs from its market value or its book value, called intrinsic value, which is Millicom International'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 Millicom International's market value can be influenced by many factors that don't directly affect Millicom International'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 Millicom International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Millicom International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Millicom International'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.