Ngx Energy International Stock Probability of Future Stock Price Finishing Under 0.92
| GASX Stock | CAD 1.01 0.02 1.94% |
Ngx |
Ngx Energy Target Price Odds to finish below 0.92
The tendency of Ngx 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 drop to C$ 0.92 or more in 90 days |
| 1.01 | 90 days | 0.92 | about 5.55 |
Based on a normal probability distribution, the odds of Ngx Energy to drop to C$ 0.92 or more in 90 days from now is about 5.55 (This Ngx Energy International probability density function shows the probability of Ngx Stock to fall within a particular range of prices over 90 days) . Probability of Ngx Energy International price to stay between C$ 0.92 and its current price of C$1.01 at the end of the 90-day period is about 61.86 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.05 . This usually indicates Ngx Energy International market returns are correlated to returns on the market. As the market goes up or down, Ngx Energy is expected to follow. Additionally Ngx Energy International has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Ngx Energy Price Density |
| Price |
Predictive Modules for Ngx Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ngx Energy International. 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 Ngx Energy'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.
Ngx Energy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ngx Energy is not an exception. The market had few large corrections towards the Ngx Energy'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 Ngx Energy International, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ngx Energy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.16 | |
β | Beta against Dow Jones | 1.05 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | -0.05 |
Ngx Energy 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 Ngx Energy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ngx Energy International can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Ngx Energy has some characteristics of a very speculative penny stock | |
| Ngx Energy had very high historical volatility over the last 90 days | |
| Ngx Energy has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 12.04 M. Net Loss for the year was (16.68 M) with profit before overhead, payroll, taxes, and interest of 248.5 K. | |
| Ngx Energy International has accumulated about 2.35 M in cash with (3.55 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. | |
| Roughly 41.0% of the company shares are held by company insiders |
Ngx Energy 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 Ngx Stock often depends not only on the future outlook of the current and potential Ngx Energy'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. Ngx Energy's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 137.5 M |
Ngx Energy Technical Analysis
Ngx Energy's future price can be derived by breaking down and analyzing its technical indicators over time. Ngx Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ngx Energy International. In general, you should focus on analyzing Ngx Stock price patterns and their correlations with different microeconomic environments and drivers.
Ngx Energy Predictive Forecast Models
Ngx Energy's time-series forecasting models is one of many Ngx Energy'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 Ngx Energy'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 Ngx Energy International
Checking the ongoing alerts about Ngx Energy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ngx Energy International help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Ngx Energy has some characteristics of a very speculative penny stock | |
| Ngx Energy had very high historical volatility over the last 90 days | |
| Ngx Energy has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 12.04 M. Net Loss for the year was (16.68 M) with profit before overhead, payroll, taxes, and interest of 248.5 K. | |
| Ngx Energy International has accumulated about 2.35 M in cash with (3.55 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. | |
| Roughly 41.0% of the company shares are held by company insiders |
Additional Tools for Ngx Stock Analysis
When running Ngx Energy's price analysis, check to measure Ngx Energy'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 Ngx Energy is operating at the current time. Most of Ngx Energy's value examination focuses on studying past and present price action to predict the probability of Ngx Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ngx Energy's price. Additionally, you may evaluate how the addition of Ngx Energy to your portfolios can decrease your overall portfolio volatility.