Nexe Innovations Stock Probability of Future Stock Price Finishing Under 0.33
| NEXE Stock | CAD 0.40 0.01 2.44% |
NEXE |
NEXE Innovations Target Price Odds to finish below 0.33
The tendency of NEXE 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$ 0.33 or more in 90 days |
| 0.40 | 90 days | 0.33 | about 27.64 |
Based on a normal probability distribution, the odds of NEXE Innovations to drop to C$ 0.33 or more in 90 days from now is about 27.64 (This NEXE Innovations probability density function shows the probability of NEXE Stock to fall within a particular range of prices over 90 days) . Probability of NEXE Innovations price to stay between C$ 0.33 and its current price of C$0.4 at the end of the 90-day period is about 50.7 .
Assuming the 90 days trading horizon NEXE Innovations has a beta of -0.46. This indicates as returns on the benchmark increase, returns on holding NEXE Innovations are expected to decrease at a much lower rate. During a bear market, however, NEXE Innovations is likely to outperform the market. Additionally NEXE Innovations has an alpha of 0.7635, implying that it can generate a 0.76 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). NEXE Innovations Price Density |
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Predictive Modules for NEXE Innovations
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NEXE Innovations. 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 NEXE Innovations' 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.
NEXE Innovations Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NEXE Innovations is not an exception. The market had few large corrections towards the NEXE Innovations' 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 NEXE Innovations, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NEXE Innovations within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.76 | |
β | Beta against Dow Jones | -0.46 | |
σ | Overall volatility | 0.05 | |
Ir | Information ratio | 0.1 |
NEXE Innovations 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 NEXE Innovations for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NEXE Innovations can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NEXE Innovations is way too risky over 90 days horizon | |
| NEXE Innovations has some characteristics of a very speculative penny stock | |
| NEXE Innovations appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 49.76 K. Net Loss for the year was (6.14 M) with loss before overhead, payroll, taxes, and interest of (259.47 K). | |
| NEXE Innovations has accumulated about 50.84 M in cash with (3.91 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.53, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 15.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: NEXE Innovations Degree of Operating Leverage 1.61 - GuruFocus.com |
NEXE Innovations 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 NEXE Stock often depends not only on the future outlook of the current and potential NEXE Innovations' 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. NEXE Innovations' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 97.3 M |
NEXE Innovations Technical Analysis
NEXE Innovations' future price can be derived by breaking down and analyzing its technical indicators over time. NEXE Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NEXE Innovations. In general, you should focus on analyzing NEXE Stock price patterns and their correlations with different microeconomic environments and drivers.
NEXE Innovations Predictive Forecast Models
NEXE Innovations' time-series forecasting models is one of many NEXE Innovations' 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 NEXE Innovations' 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 NEXE Innovations
Checking the ongoing alerts about NEXE Innovations for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NEXE Innovations help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NEXE Innovations is way too risky over 90 days horizon | |
| NEXE Innovations has some characteristics of a very speculative penny stock | |
| NEXE Innovations appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 49.76 K. Net Loss for the year was (6.14 M) with loss before overhead, payroll, taxes, and interest of (259.47 K). | |
| NEXE Innovations has accumulated about 50.84 M in cash with (3.91 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.53, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 15.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: NEXE Innovations Degree of Operating Leverage 1.61 - GuruFocus.com |
Additional Tools for NEXE Stock Analysis
When running NEXE Innovations' price analysis, check to measure NEXE Innovations' 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 NEXE Innovations is operating at the current time. Most of NEXE Innovations' value examination focuses on studying past and present price action to predict the probability of NEXE Innovations' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NEXE Innovations' price. Additionally, you may evaluate how the addition of NEXE Innovations to your portfolios can decrease your overall portfolio volatility.