Nuenergy Gas (Australia) Probability of Future Stock Price Finishing Over 0.0153
| NGY Stock | 0.02 0 10.53% |
Nuenergy |
Nuenergy Gas Target Price Odds to finish over 0.0153
The tendency of Nuenergy 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 above 0.02 in 90 days |
| 0.02 | 90 days | 0.02 | close to 99 |
Based on a normal probability distribution, the odds of Nuenergy Gas to stay above 0.02 in 90 days from now is close to 99 (This Nuenergy Gas probability density function shows the probability of Nuenergy Stock to fall within a particular range of prices over 90 days) . Probability of Nuenergy Gas price to stay between 0.02 and its current price of 0.017 at the end of the 90-day period is under 4.
Assuming the 90 days trading horizon Nuenergy Gas has a beta of -0.0949. This indicates as returns on the benchmark increase, returns on holding Nuenergy Gas are expected to decrease at a much lower rate. During a bear market, however, Nuenergy Gas is likely to outperform the market. Additionally Nuenergy Gas 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. Nuenergy Gas Price Density |
| Price |
Predictive Modules for Nuenergy Gas
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nuenergy Gas. 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.Nuenergy Gas Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nuenergy Gas is not an exception. The market had few large corrections towards the Nuenergy Gas' 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 Nuenergy Gas, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nuenergy Gas within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -2.11 | |
β | Beta against Dow Jones | -0.09 | |
σ | Overall volatility | 0.0009 | |
Ir | Information ratio | -0.47 |
Nuenergy Gas 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 Nuenergy Gas for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nuenergy Gas can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nuenergy Gas is not yet fully synchronised with the market data | |
| Nuenergy Gas generated a negative expected return over the last 90 days | |
| Nuenergy Gas has some characteristics of a very speculative penny stock | |
| Nuenergy Gas has high historical volatility and very poor performance | |
| Nuenergy Gas has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 7.26 K. Net Loss for the year was (807.34 K) with profit before overhead, payroll, taxes, and interest of 7.26 K. | |
| Nuenergy Gas has accumulated about 1.44 M in cash with (700.26 K) of positive cash flow from operations. | |
| Roughly 38.0% of the company outstanding shares are owned by corporate insiders |
Nuenergy Gas 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 Nuenergy Stock often depends not only on the future outlook of the current and potential Nuenergy Gas' 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. Nuenergy Gas' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.5 B | |
| Cash And Short Term Investments | 145.8 K |
Nuenergy Gas Technical Analysis
Nuenergy Gas' future price can be derived by breaking down and analyzing its technical indicators over time. Nuenergy Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nuenergy Gas. In general, you should focus on analyzing Nuenergy Stock price patterns and their correlations with different microeconomic environments and drivers.
Nuenergy Gas Predictive Forecast Models
Nuenergy Gas' time-series forecasting models is one of many Nuenergy Gas' 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 Nuenergy Gas' 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 Nuenergy Gas
Checking the ongoing alerts about Nuenergy Gas for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nuenergy Gas help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nuenergy Gas is not yet fully synchronised with the market data | |
| Nuenergy Gas generated a negative expected return over the last 90 days | |
| Nuenergy Gas has some characteristics of a very speculative penny stock | |
| Nuenergy Gas has high historical volatility and very poor performance | |
| Nuenergy Gas has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 7.26 K. Net Loss for the year was (807.34 K) with profit before overhead, payroll, taxes, and interest of 7.26 K. | |
| Nuenergy Gas has accumulated about 1.44 M in cash with (700.26 K) of positive cash flow from operations. | |
| Roughly 38.0% of the company outstanding shares are owned by corporate insiders |
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Other Tools for Nuenergy Stock
When running Nuenergy Gas' price analysis, check to measure Nuenergy Gas' 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 Nuenergy Gas is operating at the current time. Most of Nuenergy Gas' value examination focuses on studying past and present price action to predict the probability of Nuenergy Gas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nuenergy Gas' price. Additionally, you may evaluate how the addition of Nuenergy Gas to your portfolios can decrease your overall portfolio volatility.
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