Nexa Resources (Peru) Probability of Future Stock Price Finishing Over 5.67
| NEXAPEC1 | 1.58 0.02 1.25% |
Nexa |
Nexa Resources Target Price Odds to finish over 5.67
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 move over 5.67 or more in 90 days |
| 1.58 | 90 days | 5.67 | close to zero percent |
Based on a normal probability distribution, the odds of Nexa Resources to move over 5.67 or more in 90 days from now is close to zero percent (This Nexa Resources Peru probability density function shows the probability of Nexa Stock to fall within a particular range of prices over 90 days) . Probability of Nexa Resources Peru price to stay between its current price of 1.58 and 5.67 at the end of the 90-day period is about 92.51 .
Assuming the 90 days trading horizon Nexa Resources has a beta of 0.41. 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 Peru will be expected to be much smaller as well. Additionally Nexa Resources Peru 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. Nexa Resources Price Density |
| Price |
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 Peru. 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' 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 Peru, 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 | -0.18 | |
β | Beta against Dow Jones | 0.41 | |
σ | Overall volatility | 0.05 | |
Ir | Information ratio | -0.2 |
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 Peru can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nexa Resources Peru generated a negative expected return over the last 90 days | |
| Nexa Resources Peru may become a speculative penny stock |
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 Peru. 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 Peru
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 Peru help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nexa Resources Peru generated a negative expected return over the last 90 days | |
| Nexa Resources Peru may become a speculative penny stock |
Other Information on Investing in Nexa Stock
Nexa Resources financial ratios help investors to determine whether Nexa Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nexa with respect to the benefits of owning Nexa Resources security.