Ngl Energy Partners Stock Probability of Future Stock Price Finishing Under 1.32
| NGL Stock | USD 4.58 0.14 3.15% |
NGL |
NGL Energy Target Price Odds to finish below 1.32
The tendency of NGL 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 $ 1.32 or more in 90 days |
| 4.58 | 90 days | 1.32 | near 1 |
Based on a normal probability distribution, the odds of NGL Energy to drop to $ 1.32 or more in 90 days from now is near 1 (This NGL Energy Partners probability density function shows the probability of NGL Stock to fall within a particular range of prices over 90 days) . Probability of NGL Energy Partners price to stay between $ 1.32 and its current price of $4.58 at the end of the 90-day period is about 84.09 .
Considering the 90-day investment horizon NGL Energy has a beta of 0.38. This indicates as returns on the market go up, NGL Energy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NGL Energy Partners will be expected to be much smaller as well. Additionally NGL Energy Partners has an alpha of 0.0735, implying that it can generate a 0.0735 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). NGL Energy Price Density |
| Price |
Predictive Modules for NGL Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NGL Energy Partners. 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.NGL Energy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NGL Energy is not an exception. The market had few large corrections towards the NGL Energy'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 NGL Energy Partners, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NGL Energy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.07 | |
β | Beta against Dow Jones | 0.38 | |
σ | Overall volatility | 0.23 | |
Ir | Information ratio | 0.000062 |
NGL Energy 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 NGL Energy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NGL Energy Partners 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 last year's revenue of 6.96 B. Reported Net Loss for the year was (143.12 M) with profit before taxes, overhead, and interest of 808.6 M. | |
| NGL Energy Partners has a strong financial position based on the latest SEC filings | |
| Latest headline from news.google.com: NGL Energy Partners LP earnings missed by 0.29, revenue fell short of estimates - Investing.com Nigeria |
NGL Energy 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 NGL Stock often depends not only on the future outlook of the current and potential NGL Energy'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. NGL Energy's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 132.1 M | |
| Cash And Short Term Investments | 38.9 M |
NGL Energy Technical Analysis
NGL Energy's future price can be derived by breaking down and analyzing its technical indicators over time. NGL Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NGL Energy Partners. In general, you should focus on analyzing NGL Stock price patterns and their correlations with different microeconomic environments and drivers.
NGL Energy Predictive Forecast Models
NGL Energy's time-series forecasting models is one of many NGL Energy'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 NGL Energy'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 NGL Energy Partners
Checking the ongoing alerts about NGL Energy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NGL Energy Partners 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 last year's revenue of 6.96 B. Reported Net Loss for the year was (143.12 M) with profit before taxes, overhead, and interest of 808.6 M. | |
| NGL Energy Partners has a strong financial position based on the latest SEC filings | |
| Latest headline from news.google.com: NGL Energy Partners LP earnings missed by 0.29, revenue fell short of estimates - Investing.com Nigeria |
Check out NGL Energy Backtesting, NGL Energy Valuation, NGL Energy Correlation, NGL Energy Hype Analysis, NGL Energy Volatility, NGL Energy History as well as NGL Energy Performance. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Oil & Gas Storage & Transportation 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 NGL Energy. If investors know NGL 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 NGL Energy 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 (0.60) | Earnings Share (2.34) | Revenue Per Share 50.855 | Quarterly Revenue Growth (0.14) | Return On Assets 0.0357 |
The market value of NGL Energy Partners is measured differently than its book value, which is the value of NGL that is recorded on the company's balance sheet. Investors also form their own opinion of NGL Energy's value that differs from its market value or its book value, called intrinsic value, which is NGL Energy's 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 NGL Energy's market value can be influenced by many factors that don't directly affect NGL Energy's 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 NGL Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if NGL Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NGL Energy's 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.