Mind Technology Stock Probability of Future Stock Price Finishing Over 4.50
| MIND Stock | USD 4.50 1.27 22.01% |
Mind |
Mind Technology Target Price Odds to finish over 4.50
The tendency of Mind 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 |
| 4.50 | 90 days | 4.50 | about 84.43 |
Based on a normal probability distribution, the odds of Mind Technology to move above the current price in 90 days from now is about 84.43 (This Mind Technology probability density function shows the probability of Mind Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Mind Technology has a beta of -0.49. This indicates as returns on the benchmark increase, returns on holding Mind Technology are expected to decrease at a much lower rate. During a bear market, however, Mind Technology is likely to outperform the market. Additionally Mind Technology has an alpha of 0.0544, implying that it can generate a 0.0544 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Mind Technology Price Density |
| Price |
Predictive Modules for Mind Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mind Technology. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mind Technology'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.
Mind Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Mind Technology is not an exception. The market had few large corrections towards the Mind Technology'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 Mind Technology, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Mind Technology within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.05 | |
β | Beta against NYSE Composite | -0.49 | |
σ | Overall volatility | 0.82 | |
Ir | Information ratio | -0.0089 |
Mind Technology 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 Mind Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Mind Technology can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Mind Technology had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 36.51 M. Net Loss for the year was (1.1 M) with profit before overhead, payroll, taxes, and interest of 12.97 M. | |
| Mind Technology currently holds about 833 K in cash with (4.97 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06. | |
| Mind Technology has a poor financial position based on the latest SEC disclosures | |
| Latest headline from prnewswire.com: MOVE YOUR BODY CALM YOUR MIND DAY AT THE CALIFORNIA STATE CAPITOL HIGHLIGHTS THE CONNECTION BETWEEN PHYSICAL FITNESS AND MENTAL WELL-BEING |
Mind Technology 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 Mind Stock often depends not only on the future outlook of the current and potential Mind Technology'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. Mind Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.4 M | |
| Cash And Short Term Investments | 5.3 M |
Mind Technology Technical Analysis
Mind Technology's future price can be derived by breaking down and analyzing its technical indicators over time. Mind Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Mind Technology. In general, you should focus on analyzing Mind Stock price patterns and their correlations with different microeconomic environments and drivers.
Mind Technology Predictive Forecast Models
Mind Technology's time-series forecasting models is one of many Mind Technology'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 Mind Technology'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 Mind Technology
Checking the ongoing alerts about Mind Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Mind Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Mind Technology had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 36.51 M. Net Loss for the year was (1.1 M) with profit before overhead, payroll, taxes, and interest of 12.97 M. | |
| Mind Technology currently holds about 833 K in cash with (4.97 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06. | |
| Mind Technology has a poor financial position based on the latest SEC disclosures | |
| Latest headline from prnewswire.com: MOVE YOUR BODY CALM YOUR MIND DAY AT THE CALIFORNIA STATE CAPITOL HIGHLIGHTS THE CONNECTION BETWEEN PHYSICAL FITNESS AND MENTAL WELL-BEING |
Check out Mind Technology Backtesting, Mind Technology Valuation, Mind Technology Correlation, Mind Technology Hype Analysis, Mind Technology Volatility, Mind Technology History as well as Mind Technology Performance. For information on how to trade Mind Stock refer to our How to Trade Mind Stock guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Mind Stock analysis
When running Mind Technology's price analysis, check to measure Mind Technology'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 Mind Technology is operating at the current time. Most of Mind Technology's value examination focuses on studying past and present price action to predict the probability of Mind Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mind Technology's price. Additionally, you may evaluate how the addition of Mind Technology to your portfolios can decrease your overall portfolio volatility.
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope |
Is Mind Technology's 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 Mind Technology. If investors know Mind 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 Mind Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.48) | Revenue Per Share 25.967 | Quarterly Revenue Growth 0.078 | Return On Assets 0.0098 | Return On Equity (0.05) |
The market value of Mind Technology is measured differently than its book value, which is the value of Mind that is recorded on the company's balance sheet. Investors also form their own opinion of Mind Technology's value that differs from its market value or its book value, called intrinsic value, which is Mind Technology's 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 Mind Technology's market value can be influenced by many factors that don't directly affect Mind Technology's 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 Mind Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mind Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mind Technology'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.