Neo Battery Materials Stock Probability of Future Stock Price Finishing Under 0
| NBM Stock | CAD 0.88 0.03 3.53% |
Neo |
Neo Battery Target Price Odds to finish below 0
The tendency of Neo 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$ 0.00 or more in 90 days |
| 0.88 | 90 days | 0.00 | about 5.19 |
Based on a normal probability distribution, the odds of Neo Battery to drop to C$ 0.00 or more in 90 days from now is about 5.19 (This Neo Battery Materials probability density function shows the probability of Neo Stock to fall within a particular range of prices over 90 days) . Probability of Neo Battery Materials price to stay between C$ 0.00 and its current price of C$0.88 at the end of the 90-day period is about 92.73 .
Assuming the 90 days horizon Neo Battery Materials has a beta of -1.24. This indicates as returns on its benchmark rise, returns on holding Neo Battery Materials are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Neo Battery is expected to outperform its benchmark. In addition to that Neo Battery Materials has an alpha of 4.0803, implying that it can generate a 4.08 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Neo Battery Price Density |
| Price |
Predictive Modules for Neo Battery
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Neo Battery Materials. 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.Neo Battery Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Neo Battery is not an exception. The market had few large corrections towards the Neo Battery'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 Neo Battery Materials, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Neo Battery within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 4.08 | |
β | Beta against Dow Jones | -1.24 | |
σ | Overall volatility | 0.24 | |
Ir | Information ratio | 0.32 |
Neo Battery 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 Neo Battery for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Neo Battery Materials can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Neo Battery is way too risky over 90 days horizon | |
| Neo Battery has some characteristics of a very speculative penny stock | |
| Neo Battery appears to be risky and price may revert if volatility continues | |
| Neo Battery Materials has accumulated 725.43 K in total debt. Neo Battery Materials has a current ratio of 0.59, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Neo Battery until it has trouble settling it off, either with new capital or with free cash flow. So, Neo Battery's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Neo Battery Materials sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Neo to invest in growth at high rates of return. When we think about Neo Battery's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (2.84 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Neo Battery Materials has accumulated about 869.78 K in cash with (2.52 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. |
Neo Battery 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 Neo Stock often depends not only on the future outlook of the current and potential Neo Battery'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. Neo Battery's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 115.5 M |
Neo Battery Technical Analysis
Neo Battery's future price can be derived by breaking down and analyzing its technical indicators over time. Neo Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Neo Battery Materials. In general, you should focus on analyzing Neo Stock price patterns and their correlations with different microeconomic environments and drivers.
Neo Battery Predictive Forecast Models
Neo Battery's time-series forecasting models is one of many Neo Battery'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 Neo Battery'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 Neo Battery Materials
Checking the ongoing alerts about Neo Battery for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Neo Battery Materials help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Neo Battery is way too risky over 90 days horizon | |
| Neo Battery has some characteristics of a very speculative penny stock | |
| Neo Battery appears to be risky and price may revert if volatility continues | |
| Neo Battery Materials has accumulated 725.43 K in total debt. Neo Battery Materials has a current ratio of 0.59, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Neo Battery until it has trouble settling it off, either with new capital or with free cash flow. So, Neo Battery's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Neo Battery Materials sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Neo to invest in growth at high rates of return. When we think about Neo Battery's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (2.84 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Neo Battery Materials has accumulated about 869.78 K in cash with (2.52 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. |
Additional Tools for Neo Stock Analysis
When running Neo Battery's price analysis, check to measure Neo Battery'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 Neo Battery is operating at the current time. Most of Neo Battery's value examination focuses on studying past and present price action to predict the probability of Neo Battery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Neo Battery's price. Additionally, you may evaluate how the addition of Neo Battery to your portfolios can decrease your overall portfolio volatility.