Mgp Ingredients Stock Technical Analysis
| MGPI Stock | USD 78.13 0.53 0.68% |
As of the 16th of April 2024, MGP Ingredients secures the mean deviation of 1.84, and Risk Adjusted Performance of (0.05). In respect to fundamental indicators, the technical analysis model lets you check practical technical drivers of MGP Ingredients, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate data for thirteen technical drivers for MGP Ingredients, which can be compared to its peers in the industry. Please verify MGP Ingredients market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if MGP Ingredients is priced more or less accurately, providing market reflects its recent price of 78.13 per share. Given that MGP Ingredients has information ratio of (0.12), we recommend you to check MGP Ingredients's last-minute market performance to make sure the company can sustain itself at some point in the future.
MGP Ingredients Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as MGP, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MGPMGP |
MGP Ingredients Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 137.14 | Strong Buy | 7 | Odds |
Most MGP analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand MGP stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of MGP Ingredients, talking to its executives and customers, or listening to MGP conference calls.
MGP Ingredients technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
MGP Ingredients Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of MGP Ingredients volatility. High ATR values indicate high volatility, and low values indicate low volatility.
MGP Ingredients Trend Analysis
Use this graph to draw trend lines for MGP Ingredients. You can use it to identify possible trend reversals for MGP Ingredients as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual MGP Ingredients price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.MGP Ingredients Best Fit Change Line
The following chart estimates an ordinary least squares regression model for MGP Ingredients applied against its price change over selected period. The best fit line has a slop of 0.12 , which may suggest that MGP Ingredients market price will keep on failing further. It has 122 observation points and a regression sum of squares at 531.57, which is the sum of squared deviations for the predicted MGP Ingredients price change compared to its average price change.About MGP Ingredients Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of MGP Ingredients on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of MGP Ingredients based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on MGP Ingredients price pattern first instead of the macroeconomic environment surrounding MGP Ingredients. By analyzing MGP Ingredients's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of MGP Ingredients's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to MGP Ingredients specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.005688 | 0.004548 | 0.004912 | 0.004666 | Price To Sales Ratio | 2.81 | 2.99 | 2.6 | 2.73 |
MGP Ingredients April 16, 2024 Technical Indicators
Most technical analysis of MGP help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for MGP from various momentum indicators to cycle indicators. When you analyze MGP charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.05) | |||
| Market Risk Adjusted Performance | (0.27) | |||
| Mean Deviation | 1.84 | |||
| Coefficient Of Variation | (1,070) | |||
| Standard Deviation | 2.75 | |||
| Variance | 7.55 | |||
| Information Ratio | (0.12) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.28) | |||
| Maximum Drawdown | 19.69 | |||
| Value At Risk | (3.47) | |||
| Potential Upside | 3.44 | |||
| Skewness | (2.13) | |||
| Kurtosis | 11.37 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MGP Ingredients. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. For more detail on how to invest in MGP Stock please use our How to Invest in MGP Ingredients guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for MGP Stock analysis
When running MGP Ingredients' price analysis, check to measure MGP Ingredients' 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 MGP Ingredients is operating at the current time. Most of MGP Ingredients' value examination focuses on studying past and present price action to predict the probability of MGP Ingredients' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MGP Ingredients' price. Additionally, you may evaluate how the addition of MGP Ingredients to your portfolios can decrease your overall portfolio volatility.
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Is MGP Ingredients' industry 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 MGP Ingredients. If investors know MGP 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 MGP Ingredients 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 0.38 | Dividend Share 0.48 | Earnings Share 4.8 | Revenue Per Share 37.921 | Quarterly Revenue Growth 0.125 |
The market value of MGP Ingredients is measured differently than its book value, which is the value of MGP that is recorded on the company's balance sheet. Investors also form their own opinion of MGP Ingredients' value that differs from its market value or its book value, called intrinsic value, which is MGP Ingredients' 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 MGP Ingredients' market value can be influenced by many factors that don't directly affect MGP Ingredients' 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 MGP Ingredients' value and its price as these two are different measures arrived at by different means. Investors typically determine if MGP Ingredients is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MGP Ingredients' 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.