Mitie Group Plc Stock Probability of Future Pink Sheet Price Finishing Over 8.3

MITFY Stock  USD 5.29  0.05  0.95%   
Mitie Group's future price is the expected price of Mitie Group instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Mitie Group Plc performance during a given time horizon utilizing its historical volatility. Check out Mitie Group Backtesting, Mitie Group Valuation, Mitie Group Correlation, Mitie Group Hype Analysis, Mitie Group Volatility, Mitie Group History as well as Mitie Group Performance.
  
Please specify Mitie Group's target price for which you would like Mitie Group odds to be computed.

Mitie Group Target Price Odds to finish over 8.3

The tendency of Mitie Pink Sheet 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 PriceHorizonTarget PriceOdds to move over $ 8.30  or more in 90 days
 5.29 90 days 8.30 
close to zero percent
Based on a normal probability distribution, the odds of Mitie Group to move over $ 8.30  or more in 90 days from now is close to zero percent (This Mitie Group Plc probability density function shows the probability of Mitie Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Mitie Group Plc price to stay between its current price of $ 5.29  and $ 8.30  at the end of the 90-day period is about 44.32 .
Assuming the 90 days horizon the pink sheet has the beta coefficient of 1.05 . This indicates Mitie Group Plc market returns are sensitive to returns on the market. As the market goes up or down, Mitie Group is expected to follow. Additionally Mitie Group Plc has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
   Mitie Group Price Density   
       Price  

Predictive Modules for Mitie Group

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mitie Group Plc. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 Mitie Group's 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.
Hype
Prediction
LowEstimatedHigh
0.000.002.02
Details
Intrinsic
Valuation
LowRealHigh
0.000.002.02
Details
Naive
Forecast
LowNextHigh
3.215.237.25
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
5.235.275.32
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Mitie Group. Your research has to be compared to or analyzed against Mitie Group's peers to derive any actionable benefits. When done correctly, Mitie Group'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 Mitie Group Plc.

Mitie Group Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Mitie Group is not an exception. The market had few large corrections towards the Mitie Group'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 Mitie Group Plc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Mitie Group within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
-0.06
β
Beta against NYSE Composite1.05
σ
Overall volatility
0.14
Ir
Information ratio -0.03

Mitie Group 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 Mitie Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Mitie Group 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.
The company has accumulated 300.6 M in total debt with debt to equity ratio (D/E) of 0.71, which is about average as compared to similar companies. Mitie Group Plc has a current ratio of 0.92, 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 Mitie Group until it has trouble settling it off, either with new capital or with free cash flow. So, Mitie Group'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 Mitie Group Plc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Mitie to invest in growth at high rates of return. When we think about Mitie Group's use of debt, we should always consider it together with cash and equity.

Mitie Group 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 Mitie Pink Sheet often depends not only on the future outlook of the current and potential Mitie Group'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. Mitie Group's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding1.4 B

Mitie Group Technical Analysis

Mitie Group's future price can be derived by breaking down and analyzing its technical indicators over time. Mitie Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Mitie Group Plc. In general, you should focus on analyzing Mitie Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.

Mitie Group Predictive Forecast Models

Mitie Group's time-series forecasting models is one of many Mitie Group's pink sheet 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 Mitie Group'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 pink sheet market movement and maximize returns from investment trading.

Things to note about Mitie Group Plc

Checking the ongoing alerts about Mitie Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Mitie Group Plc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
The company has accumulated 300.6 M in total debt with debt to equity ratio (D/E) of 0.71, which is about average as compared to similar companies. Mitie Group Plc has a current ratio of 0.92, 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 Mitie Group until it has trouble settling it off, either with new capital or with free cash flow. So, Mitie Group'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 Mitie Group Plc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Mitie to invest in growth at high rates of return. When we think about Mitie Group's use of debt, we should always consider it together with cash and equity.
Check out Mitie Group Backtesting, Mitie Group Valuation, Mitie Group Correlation, Mitie Group Hype Analysis, Mitie Group Volatility, Mitie Group History as well as Mitie Group Performance.
Note that the Mitie Group Plc information on this page should be used as a complementary analysis to other Mitie Group's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Complementary Tools for Mitie Pink Sheet analysis

When running Mitie Group's price analysis, check to measure Mitie Group'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 Mitie Group is operating at the current time. Most of Mitie Group's value examination focuses on studying past and present price action to predict the probability of Mitie Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mitie Group's price. Additionally, you may evaluate how the addition of Mitie Group to your portfolios can decrease your overall portfolio volatility.
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
ETF Categories
List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Please note, there is a significant difference between Mitie Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mitie Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mitie Group'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.