Mirion Technologies Stock Probability of Future Stock Price Finishing Over 11.84
MIR Stock | USD 10.86 0.02 0.18% |
Closest to current price Mirion long CALL Option Payoff at Expiration
Mirion |
Mirion Technologies Target Price Odds to finish over 11.84
The tendency of Mirion 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 $ 11.84 or more in 90 days |
10.86 | 90 days | 11.84 | near 1 |
Based on a normal probability distribution, the odds of Mirion Technologies to move over $ 11.84 or more in 90 days from now is near 1 (This Mirion Technologies probability density function shows the probability of Mirion Stock to fall within a particular range of prices over 90 days) . Probability of Mirion Technologies price to stay between its current price of $ 10.86 and $ 11.84 at the end of the 90-day period is about 30.01 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.29 . 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, Mirion Technologies will likely underperform. Additionally Mirion Technologies has an alpha of 0.1255, implying that it can generate a 0.13 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Mirion Technologies Price Density |
Price |
Predictive Modules for Mirion Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mirion Technologies. 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 Mirion Technologies' 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.
Mirion Technologies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Mirion Technologies is not an exception. The market had few large corrections towards the Mirion Technologies' 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 Mirion Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Mirion Technologies within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.13 | |
β | Beta against NYSE Composite | 1.29 | |
σ | Overall volatility | 0.47 | |
Ir | Information ratio | 0.08 |
Mirion Technologies 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 Mirion Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Mirion Technologies 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 reported the last year's revenue of 717.8 M. Reported Net Loss for the year was (276.9 M) with profit before taxes, overhead, and interest of 317.2 M. | |
Over 90.0% of the company shares are owned by institutional investors | |
Latest headline from businesswire.com: Mirion to Present at Jefferies 2024 Global Healthcare Conference |
Mirion Technologies 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 Mirion Stock often depends not only on the future outlook of the current and potential Mirion Technologies' 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. Mirion Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding | 181.1 M | |
Cash And Short Term Investments | 77.8 M |
Mirion Technologies Technical Analysis
Mirion Technologies' future price can be derived by breaking down and analyzing its technical indicators over time. Mirion Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Mirion Technologies. In general, you should focus on analyzing Mirion Stock price patterns and their correlations with different microeconomic environments and drivers.
Mirion Technologies Predictive Forecast Models
Mirion Technologies' time-series forecasting models is one of many Mirion Technologies' 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 Mirion Technologies' 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 Mirion Technologies
Checking the ongoing alerts about Mirion Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Mirion Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
The company reported the last year's revenue of 717.8 M. Reported Net Loss for the year was (276.9 M) with profit before taxes, overhead, and interest of 317.2 M. | |
Over 90.0% of the company shares are owned by institutional investors | |
Latest headline from businesswire.com: Mirion to Present at Jefferies 2024 Global Healthcare Conference |
Check out Mirion Technologies Backtesting, Mirion Technologies Valuation, Mirion Technologies Correlation, Mirion Technologies Hype Analysis, Mirion Technologies Volatility, Mirion Technologies History as well as Mirion Technologies Performance. To learn how to invest in Mirion Stock, please use our How to Invest in Mirion Technologies guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Mirion Stock analysis
When running Mirion Technologies' price analysis, check to measure Mirion Technologies' 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 Mirion Technologies is operating at the current time. Most of Mirion Technologies' value examination focuses on studying past and present price action to predict the probability of Mirion Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mirion Technologies' price. Additionally, you may evaluate how the addition of Mirion Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Mirion Technologies' 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 Mirion Technologies. If investors know Mirion 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 Mirion Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.40) | Revenue Per Share 4.07 | Quarterly Revenue Growth 0.058 | Return On Assets (0) | Return On Equity (0.05) |
The market value of Mirion Technologies is measured differently than its book value, which is the value of Mirion that is recorded on the company's balance sheet. Investors also form their own opinion of Mirion Technologies' value that differs from its market value or its book value, called intrinsic value, which is Mirion Technologies' 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 Mirion Technologies' market value can be influenced by many factors that don't directly affect Mirion Technologies' 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 Mirion Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mirion Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mirion Technologies' 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.