Nexam Chemical (Sweden) Probability of Future Stock Price Finishing Under 4.0
| NEXAM Stock | SEK 3.99 0.10 2.57% |
Nexam |
Nexam Chemical Target Price Odds to finish below 4.0
The tendency of Nexam 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 kr 4.00 after 90 days |
| 3.99 | 90 days | 4.00 | about 21.72 |
Based on a normal probability distribution, the odds of Nexam Chemical to stay under kr 4.00 after 90 days from now is about 21.72 (This Nexam Chemical Holding probability density function shows the probability of Nexam Stock to fall within a particular range of prices over 90 days) . Probability of Nexam Chemical Holding price to stay between its current price of kr 3.99 and kr 4.00 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon Nexam Chemical Holding has a beta of -0.14. This indicates as returns on the benchmark increase, returns on holding Nexam Chemical are expected to decrease at a much lower rate. During a bear market, however, Nexam Chemical Holding is likely to outperform the market. Additionally Nexam Chemical Holding 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. Nexam Chemical Price Density |
| Price |
Predictive Modules for Nexam Chemical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nexam Chemical Holding. 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.Nexam Chemical Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nexam Chemical is not an exception. The market had few large corrections towards the Nexam Chemical'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 Nexam Chemical Holding, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nexam Chemical within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.28 | |
β | Beta against Dow Jones | -0.14 | |
σ | Overall volatility | 0.36 | |
Ir | Information ratio | -0.13 |
Nexam Chemical 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 Nexam Chemical for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nexam Chemical Holding can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nexam Chemical generated a negative expected return over the last 90 days | |
| Nexam Chemical has high historical volatility and very poor performance | |
| The company reported the revenue of 219.45 M. Net Loss for the year was (5.46 M) with profit before overhead, payroll, taxes, and interest of 86.73 M. | |
| About 22.0% of the company outstanding shares are owned by corporate insiders |
Nexam Chemical 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 Nexam Stock often depends not only on the future outlook of the current and potential Nexam Chemical'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. Nexam Chemical's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 73.1 M | |
| Cash And Short Term Investments | 63.6 M |
Nexam Chemical Technical Analysis
Nexam Chemical's future price can be derived by breaking down and analyzing its technical indicators over time. Nexam Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nexam Chemical Holding. In general, you should focus on analyzing Nexam Stock price patterns and their correlations with different microeconomic environments and drivers.
Nexam Chemical Predictive Forecast Models
Nexam Chemical's time-series forecasting models is one of many Nexam Chemical'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 Nexam Chemical'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 Nexam Chemical Holding
Checking the ongoing alerts about Nexam Chemical for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nexam Chemical Holding help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nexam Chemical generated a negative expected return over the last 90 days | |
| Nexam Chemical has high historical volatility and very poor performance | |
| The company reported the revenue of 219.45 M. Net Loss for the year was (5.46 M) with profit before overhead, payroll, taxes, and interest of 86.73 M. | |
| About 22.0% of the company outstanding shares are owned by corporate insiders |
Additional Tools for Nexam Stock Analysis
When running Nexam Chemical's price analysis, check to measure Nexam Chemical'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 Nexam Chemical is operating at the current time. Most of Nexam Chemical's value examination focuses on studying past and present price action to predict the probability of Nexam Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nexam Chemical's price. Additionally, you may evaluate how the addition of Nexam Chemical to your portfolios can decrease your overall portfolio volatility.