MusicMagpie PLC (UK) Probability of Future Stock Price Finishing Over 0.64
| MMAG Stock | 0.64 0.00 0.00% |
MusicMagpie |
MusicMagpie PLC Target Price Odds to finish over 0.64
The tendency of MusicMagpie 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 |
| 0.64 | 90 days | 0.64 | about 75.78 |
Based on a normal probability distribution, the odds of MusicMagpie PLC to move above the current price in 90 days from now is about 75.78 (This musicMagpie PLC probability density function shows the probability of MusicMagpie Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon musicMagpie PLC has a beta of -0.4. This indicates as returns on the benchmark increase, returns on holding MusicMagpie PLC are expected to decrease at a much lower rate. During a bear market, however, musicMagpie PLC is likely to outperform the market. Additionally MusicMagpie PLC has an alpha of 0.0806, implying that it can generate a 0.0806 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). MusicMagpie PLC Price Density |
| Price |
Predictive Modules for MusicMagpie PLC
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as musicMagpie PLC. 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.MusicMagpie PLC Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. MusicMagpie PLC is not an exception. The market had few large corrections towards the MusicMagpie PLC'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 musicMagpie PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of MusicMagpie PLC within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.08 | |
β | Beta against Dow Jones | -0.4 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.06 |
MusicMagpie PLC 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 MusicMagpie PLC for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for musicMagpie PLC can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| musicMagpie PLC generated a negative expected return over the last 90 days | |
| musicMagpie PLC has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 136.6 M. Net Loss for the year was (6.85 M) with profit before overhead, payroll, taxes, and interest of 35.11 M. | |
| About 57.0% of the company outstanding shares are owned by corporate insiders |
MusicMagpie PLC 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 MusicMagpie Stock often depends not only on the future outlook of the current and potential MusicMagpie PLC'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. MusicMagpie PLC's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 98.6 M | |
| Cash And Short Term Investments | 7.6 M |
MusicMagpie PLC Technical Analysis
MusicMagpie PLC's future price can be derived by breaking down and analyzing its technical indicators over time. MusicMagpie Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of musicMagpie PLC. In general, you should focus on analyzing MusicMagpie Stock price patterns and their correlations with different microeconomic environments and drivers.
MusicMagpie PLC Predictive Forecast Models
MusicMagpie PLC's time-series forecasting models is one of many MusicMagpie PLC'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 MusicMagpie PLC'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 musicMagpie PLC
Checking the ongoing alerts about MusicMagpie PLC for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for musicMagpie PLC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| musicMagpie PLC generated a negative expected return over the last 90 days | |
| musicMagpie PLC has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 136.6 M. Net Loss for the year was (6.85 M) with profit before overhead, payroll, taxes, and interest of 35.11 M. | |
| About 57.0% of the company outstanding shares are owned by corporate insiders |
Additional Tools for MusicMagpie Stock Analysis
When running MusicMagpie PLC's price analysis, check to measure MusicMagpie PLC'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 MusicMagpie PLC is operating at the current time. Most of MusicMagpie PLC's value examination focuses on studying past and present price action to predict the probability of MusicMagpie PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MusicMagpie PLC's price. Additionally, you may evaluate how the addition of MusicMagpie PLC to your portfolios can decrease your overall portfolio volatility.