Nexa Resources Sa Stock Probability of Future Stock Price Finishing Under 5.34
| NEXA Stock | USD 7.65 0.10 1.32% |
Nexa |
Nexa Resources Target Price Odds to finish below 5.34
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 $ 5.34 or more in 90 days |
| 7.65 | 90 days | 5.34 | near 1 |
Based on a normal probability distribution, the odds of Nexa Resources to drop to $ 5.34 or more in 90 days from now is near 1 (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 $ 5.34 and its current price of $7.65 at the end of the 90-day period is about 73.55 .
Given the investment horizon of 90 days Nexa Resources has a beta of 0.18. This indicates as returns on the market go up, Nexa Resources average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nexa Resources SA will be expected to be much smaller as well. Additionally Nexa Resources SA has an alpha of 0.1944, implying that it can generate a 0.19 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nexa Resources' 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.
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' 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 | 0.19 | |
β | Beta against Dow Jones | 0.18 | |
σ | Overall volatility | 0.66 | |
Ir | Information ratio | 0.05 |
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.| The company reported the previous year's revenue of 2.57 B. Net Loss for the year was (289.35 M) with profit before overhead, payroll, taxes, and interest of 638.81 M. | |
| About 66.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from finance.yahoo.com: Nexa Resources Announces Closing Transaction of Pukaqaqa Project Sale to Olympic |
Nexa Resources 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 Nexa Stock often depends not only on the future outlook of the current and potential Nexa Resources' 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. Nexa Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 132.4 M | |
| Cash And Short Term Investments | 468.3 M |
Nexa Resources Technical Analysis
Nexa Resources' 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' time-series forecasting models is one of many Nexa Resources' 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' 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.
| The company reported the previous year's revenue of 2.57 B. Net Loss for the year was (289.35 M) with profit before overhead, payroll, taxes, and interest of 638.81 M. | |
| About 66.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from finance.yahoo.com: Nexa Resources Announces Closing Transaction of Pukaqaqa Project Sale to Olympic |
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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Is Diversified Metals & Mining space 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 Nexa Resources. If investors know Nexa 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 Nexa Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.49) | Revenue Per Share 20.05 | Quarterly Revenue Growth 0.093 | Return On Assets 0.0215 | Return On Equity (0.13) |
The market value of Nexa Resources SA is measured differently than its book value, which is the value of Nexa that is recorded on the company's balance sheet. Investors also form their own opinion of Nexa Resources' value that differs from its market value or its book value, called intrinsic value, which is Nexa Resources' 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 Nexa Resources' market value can be influenced by many factors that don't directly affect Nexa Resources' 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 Nexa Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nexa Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nexa Resources' 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.