Nextego Nv Ordinary Stock Probability of Future Stock Price Finishing Under 1.07E-4
NexteGO NV's future price is the expected price of NexteGO NV 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 NexteGO NV Ordinary performance during a given time horizon utilizing its historical volatility. Check out NexteGO NV Backtesting, NexteGO NV Valuation, NexteGO NV Correlation, NexteGO NV Hype Analysis, NexteGO NV Volatility, NexteGO NV History as well as NexteGO NV Performance.
At this time, NexteGO NV's Price To Sales Ratio is fairly stable compared to the past year. Price Sales Ratio is likely to rise to 10.21 in 2024, whereas Price Earnings Ratio is likely to drop (0.68) in 2024. Please specify NexteGO NV's target price for which you would like NexteGO NV odds to be computed.
NexteGO |
NexteGO NV Target Price Odds to finish below 1.07E-4
The tendency of NexteGO 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 stay under 0.0001 after 90 days |
| 0.00 | 90 days | 0.0001 | about 52.94 |
Based on a normal probability distribution, the odds of NexteGO NV to stay under 0.0001 after 90 days from now is about 52.94 (This NexteGO NV Ordinary probability density function shows the probability of NexteGO Stock to fall within a particular range of prices over 90 days) . Probability of NexteGO NV Ordinary price to stay between its current price of 0.00 and 0.0001 at the end of the 90-day period is about 50.4 .
Given the investment horizon of 90 days the stock has the beta coefficient of 7.41 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, NexteGO NV will likely underperform. In addition to that NexteGO NV Ordinary has an alpha of 3.8927, implying that it can generate a 3.89 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). NexteGO NV Price Density |
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Predictive Modules for NexteGO NV
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NexteGO NV Ordinary. 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.NexteGO NV Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NexteGO NV is not an exception. The market had few large corrections towards the NexteGO NV'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 NexteGO NV Ordinary, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NexteGO NV within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 3.89 | |
β | Beta against Dow Jones | 7.41 | |
σ | Overall volatility | 0.000053 | |
Ir | Information ratio | 0.09 |
NexteGO NV 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 NexteGO NV for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NexteGO NV Ordinary can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NexteGO NV Ordinary is way too risky over 90 days horizon | |
| NexteGO NV Ordinary has some characteristics of a very speculative penny stock | |
| NexteGO NV Ordinary appears to be risky and price may revert if volatility continues | |
| NexteGO NV Ordinary has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 5.71 M. Net Loss for the year was (57.71 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| NexteGO NV generates negative cash flow from operations | |
| NexteGO NV Ordinary has a frail financial position based on the latest SEC disclosures |
NexteGO NV 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 NexteGO Stock often depends not only on the future outlook of the current and potential NexteGO NV'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. NexteGO NV's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 31.2 M | |
| Cash And Short Term Investments | 2.7 M |
NexteGO NV Technical Analysis
NexteGO NV's future price can be derived by breaking down and analyzing its technical indicators over time. NexteGO Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NexteGO NV Ordinary. In general, you should focus on analyzing NexteGO Stock price patterns and their correlations with different microeconomic environments and drivers.
NexteGO NV Predictive Forecast Models
NexteGO NV's time-series forecasting models is one of many NexteGO NV'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 NexteGO NV'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 NexteGO NV Ordinary
Checking the ongoing alerts about NexteGO NV for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NexteGO NV Ordinary help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NexteGO NV Ordinary is way too risky over 90 days horizon | |
| NexteGO NV Ordinary has some characteristics of a very speculative penny stock | |
| NexteGO NV Ordinary appears to be risky and price may revert if volatility continues | |
| NexteGO NV Ordinary has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 5.71 M. Net Loss for the year was (57.71 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| NexteGO NV generates negative cash flow from operations | |
| NexteGO NV Ordinary has a frail financial position based on the latest SEC disclosures |
Additional Tools for NexteGO Stock Analysis
When running NexteGO NV's price analysis, check to measure NexteGO NV'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 NexteGO NV is operating at the current time. Most of NexteGO NV's value examination focuses on studying past and present price action to predict the probability of NexteGO NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NexteGO NV's price. Additionally, you may evaluate how the addition of NexteGO NV to your portfolios can decrease your overall portfolio volatility.