New Fortress Energy Stock Probability of Future Stock Price Finishing Under 8.56
| NFE Stock | USD 9.51 0.33 3.59% |
New |
New Fortress Target Price Odds to finish below 8.56
The tendency of New 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 $ 8.56 or more in 90 days |
| 9.51 | 90 days | 8.56 | about 15.8 |
Based on a normal probability distribution, the odds of New Fortress to drop to $ 8.56 or more in 90 days from now is about 15.8 (This New Fortress Energy probability density function shows the probability of New Stock to fall within a particular range of prices over 90 days) . Probability of New Fortress Energy price to stay between $ 8.56 and its current price of $9.51 at the end of the 90-day period is about 22.48 .
Considering the 90-day investment horizon the stock has the beta coefficient of 2.49 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, New Fortress will likely underperform. Additionally New Fortress Energy 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. New Fortress Price Density |
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Predictive Modules for New Fortress
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as New Fortress Energy. 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.New Fortress Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. New Fortress is not an exception. The market had few large corrections towards the New Fortress' 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 New Fortress Energy, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of New Fortress within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.6 | |
β | Beta against Dow Jones | 2.49 | |
σ | Overall volatility | 1.35 | |
Ir | Information ratio | -0.09 |
New Fortress 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 New Fortress for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for New Fortress Energy can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| New Fortress Energy generated a negative expected return over the last 90 days | |
| New Fortress Energy has high historical volatility and very poor performance | |
| About 43.0% of the company outstanding shares are owned by corporate insiders | |
| On 27th of September 2024 New Fortress paid $ 0.1 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Pennybacker Closes Acquisition of Miami LNG Business, Appoints Daniel McLaughlin President and Chief Commercial Officer to Lead Miami LNG |
New Fortress 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 New Stock often depends not only on the future outlook of the current and potential New Fortress' 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. New Fortress' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 206.5 M | |
| Cash And Short Term Investments | 155.4 M |
New Fortress Technical Analysis
New Fortress' future price can be derived by breaking down and analyzing its technical indicators over time. New Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of New Fortress Energy. In general, you should focus on analyzing New Stock price patterns and their correlations with different microeconomic environments and drivers.
New Fortress Predictive Forecast Models
New Fortress' time-series forecasting models is one of many New Fortress' 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 New Fortress' 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 New Fortress Energy
Checking the ongoing alerts about New Fortress for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for New Fortress Energy help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| New Fortress Energy generated a negative expected return over the last 90 days | |
| New Fortress Energy has high historical volatility and very poor performance | |
| About 43.0% of the company outstanding shares are owned by corporate insiders | |
| On 27th of September 2024 New Fortress paid $ 0.1 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Pennybacker Closes Acquisition of Miami LNG Business, Appoints Daniel McLaughlin President and Chief Commercial Officer to Lead Miami LNG |
Check out New Fortress Backtesting, New Fortress Valuation, New Fortress Correlation, New Fortress Hype Analysis, New Fortress Volatility, New Fortress History as well as New Fortress Performance. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Is Oil & Gas Refining & Marketing 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 New Fortress. If investors know New 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 New Fortress listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.90) | Dividend Share 0.4 | Earnings Share 0.91 | Revenue Per Share 11.791 | Quarterly Revenue Growth 0.103 |
The market value of New Fortress Energy is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New Fortress' value that differs from its market value or its book value, called intrinsic value, which is New Fortress' 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 New Fortress' market value can be influenced by many factors that don't directly affect New Fortress' 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 New Fortress' value and its price as these two are different measures arrived at by different means. Investors typically determine if New Fortress is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Fortress' 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.