MTN GHANA (Ghana) Probability of Future Stock Price Finishing Over 3.55
| MTNGH Stock | 2.37 0.03 1.25% |
MTN |
MTN GHANA Target Price Odds to finish over 3.55
The tendency of MTN 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 3.55 or more in 90 days |
| 2.37 | 90 days | 3.55 | close to zero percent |
Based on a normal probability distribution, the odds of MTN GHANA to move over 3.55 or more in 90 days from now is close to zero percent (This MTN GHANA LTD probability density function shows the probability of MTN Stock to fall within a particular range of prices over 90 days) . Probability of MTN GHANA LTD price to stay between its current price of 2.37 and 3.55 at the end of the 90-day period is about 9.85 .
Assuming the 90 days trading horizon MTN GHANA LTD has a beta of -0.0976. This indicates as returns on the benchmark increase, returns on holding MTN GHANA are expected to decrease at a much lower rate. During a bear market, however, MTN GHANA LTD is likely to outperform the market. Additionally MTN GHANA LTD has an alpha of 0.1344, implying that it can generate a 0.13 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). MTN GHANA Price Density |
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Predictive Modules for MTN GHANA
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MTN GHANA LTD. 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.Please note, it is not enough to conduct a financial or market analysis of a single entity such as MTN GHANA. Your research has to be compared to or analyzed against MTN GHANA's peers to derive any actionable benefits. When done correctly, MTN GHANA's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in MTN GHANA LTD.MTN GHANA Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. MTN GHANA is not an exception. The market had few large corrections towards the MTN GHANA'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 MTN GHANA LTD, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of MTN GHANA within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.13 | |
β | Beta against Dow Jones | -0.1 | |
σ | Overall volatility | 0.09 | |
Ir | Information ratio | 0.01 |
MTN GHANA Technical Analysis
MTN GHANA's future price can be derived by breaking down and analyzing its technical indicators over time. MTN Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of MTN GHANA LTD. In general, you should focus on analyzing MTN Stock price patterns and their correlations with different microeconomic environments and drivers.
MTN GHANA Predictive Forecast Models
MTN GHANA's time-series forecasting models is one of many MTN GHANA'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 MTN GHANA'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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards MTN GHANA in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, MTN GHANA's short interest history, or implied volatility extrapolated from MTN GHANA options trading.