Millcon Steel (Thailand) Probability of Future Stock Price Finishing Under 0.0009
| MILL Stock | THB 0.09 0.01 10.00% |
Millcon |
Millcon Steel Target Price Odds to finish below 0.0009
The tendency of Millcon 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 0.0009 or more in 90 days |
| 0.09 | 90 days | 0.0009 | near 1 |
Based on a normal probability distribution, the odds of Millcon Steel to drop to 0.0009 or more in 90 days from now is near 1 (This Millcon Steel Public probability density function shows the probability of Millcon Stock to fall within a particular range of prices over 90 days) . Probability of Millcon Steel Public price to stay between 0.0009 and its current price of 0.09 at the end of the 90-day period is about 17.7 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.2 . 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, Millcon Steel will likely underperform. Additionally Millcon Steel Public has an alpha of 0.0052, implying that it can generate a 0.005173 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Millcon Steel Price Density |
| Price |
Predictive Modules for Millcon Steel
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Millcon Steel Public. 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.Millcon Steel Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Millcon Steel is not an exception. The market had few large corrections towards the Millcon Steel'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 Millcon Steel Public, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Millcon Steel within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | 1.20 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0 |
Millcon Steel 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 Millcon Steel for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Millcon Steel Public can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Millcon Steel Public generated a negative expected return over the last 90 days | |
| Millcon Steel Public has high historical volatility and very poor performance | |
| Millcon Steel Public has some characteristics of a very speculative penny stock | |
| Millcon Steel Public has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Millcon Steel Public has accumulated 824.17 M in total debt with debt to equity ratio (D/E) of 268.3, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Millcon Steel Public has a current ratio of 0.66, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Millcon Steel until it has trouble settling it off, either with new capital or with free cash flow. So, Millcon Steel's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Millcon Steel Public sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Millcon to invest in growth at high rates of return. When we think about Millcon Steel's use of debt, we should always consider it together with cash and equity. | |
| About 52.0% of Millcon Steel outstanding shares are owned by corporate insiders |
Millcon Steel 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 Millcon Stock often depends not only on the future outlook of the current and potential Millcon Steel'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. Millcon Steel's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 4.6 B |
Millcon Steel Technical Analysis
Millcon Steel's future price can be derived by breaking down and analyzing its technical indicators over time. Millcon Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Millcon Steel Public. In general, you should focus on analyzing Millcon Stock price patterns and their correlations with different microeconomic environments and drivers.
Millcon Steel Predictive Forecast Models
Millcon Steel's time-series forecasting models is one of many Millcon Steel'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 Millcon Steel'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 Millcon Steel Public
Checking the ongoing alerts about Millcon Steel for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Millcon Steel Public help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Millcon Steel Public generated a negative expected return over the last 90 days | |
| Millcon Steel Public has high historical volatility and very poor performance | |
| Millcon Steel Public has some characteristics of a very speculative penny stock | |
| Millcon Steel Public has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Millcon Steel Public has accumulated 824.17 M in total debt with debt to equity ratio (D/E) of 268.3, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Millcon Steel Public has a current ratio of 0.66, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Millcon Steel until it has trouble settling it off, either with new capital or with free cash flow. So, Millcon Steel's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Millcon Steel Public sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Millcon to invest in growth at high rates of return. When we think about Millcon Steel's use of debt, we should always consider it together with cash and equity. | |
| About 52.0% of Millcon Steel outstanding shares are owned by corporate insiders |
Other Information on Investing in Millcon Stock
Millcon Steel financial ratios help investors to determine whether Millcon Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Millcon with respect to the benefits of owning Millcon Steel security.