NEXA RESOURCES (Germany) Probability of Future Stock Price Finishing Under 6.97
| NE0 Stock | EUR 7.25 0.05 0.69% |
NEXA |
NEXA RESOURCES Target Price Odds to finish below 6.97
The tendency of NEXA 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 € 6.97 or more in 90 days |
| 7.25 | 90 days | 6.97 | about 72.35 |
Based on a normal probability distribution, the odds of NEXA RESOURCES to drop to € 6.97 or more in 90 days from now is about 72.35 (This NEXA RESOURCES SA probability density function shows the probability of NEXA Stock to fall within a particular range of prices over 90 days) . Probability of NEXA RESOURCES SA price to stay between € 6.97 and its current price of €7.25 at the end of the 90-day period is about 12.02 .
Assuming the 90 days horizon NEXA RESOURCES SA has a beta of -0.12. This indicates as returns on the benchmark increase, returns on holding NEXA RESOURCES are expected to decrease at a much lower rate. During a bear market, however, NEXA RESOURCES SA is likely to outperform the market. Additionally NEXA RESOURCES SA has an alpha of 0.5037, implying that it can generate a 0.5 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). NEXA RESOURCES Price Density |
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Predictive Modules for NEXA RESOURCES
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NEXA RESOURCES SA. 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.NEXA RESOURCES Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NEXA RESOURCES is not an exception. The market had few large corrections towards the NEXA RESOURCES'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 NEXA RESOURCES SA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NEXA RESOURCES within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.50 | |
β | Beta against Dow Jones | -0.12 | |
σ | Overall volatility | 0.67 | |
Ir | Information ratio | 0.17 |
NEXA RESOURCES 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 NEXA RESOURCES for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NEXA RESOURCES SA can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 65.0% of the company outstanding shares are owned by corporate insiders |
NEXA RESOURCES Technical Analysis
NEXA RESOURCES's future price can be derived by breaking down and analyzing its technical indicators over time. NEXA Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NEXA RESOURCES SA. In general, you should focus on analyzing NEXA Stock price patterns and their correlations with different microeconomic environments and drivers.
NEXA RESOURCES Predictive Forecast Models
NEXA RESOURCES's time-series forecasting models is one of many NEXA RESOURCES'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 NEXA RESOURCES'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 NEXA RESOURCES SA
Checking the ongoing alerts about NEXA RESOURCES for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NEXA RESOURCES SA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 65.0% of the company outstanding shares are owned by corporate insiders |
Additional Information and Resources on Investing in NEXA Stock
When determining whether NEXA RESOURCES SA offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NEXA RESOURCES's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nexa Resources Sa Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nexa Resources Sa Stock:Check out NEXA RESOURCES Backtesting, NEXA RESOURCES Valuation, NEXA RESOURCES Correlation, NEXA RESOURCES Hype Analysis, NEXA RESOURCES Volatility, NEXA RESOURCES History as well as NEXA RESOURCES Performance. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.