Nn Inc Stock Chance of Future Stock Price Finishing Under 4.12
| NNBR Stock | USD 3.96 0.01 0.25% |
NN |
NN Target Price Odds to finish below 4.12
The tendency of NN 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 under $ 4.12 after 90 days |
| 3.96 | 90 days | 4.12 | under 95 |
Based on a normal probability distribution, the odds of NN to stay under $ 4.12 after 90 days from now is under 95 (This NN Inc probability density function shows the probability of NN Stock to fall within a particular range of prices over 90 days) . Probability of NN Inc price to stay between its current price of $ 3.96 and $ 4.12 at the end of the 90-day period is about 13.08 .
Given the investment horizon of 90 days NN Inc has a beta of -0.69. This indicates as returns on the benchmark increase, returns on holding NN are expected to decrease at a much lower rate. During a bear market, however, NN Inc is likely to outperform the market. Additionally NN Inc has an alpha of 0.208, implying that it can generate a 0.21 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). NN Price Density |
| Price |
Predictive Modules for NN
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NN Inc. 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.NN Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NN is not an exception. The market had few large corrections towards the NN'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 NN Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NN within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.21 | |
β | Beta against Dow Jones | -0.69 | |
σ | Overall volatility | 0.22 | |
Ir | Information ratio | 0.01 |
NN 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 NN for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NN Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NN Inc had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 489.27 M. Net Loss for the year was (50.15 M) with profit before overhead, payroll, taxes, and interest of 77.63 M. | |
| About 71.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Nomura Holdings Incs Strategic Acquisition of NN Inc Shares |
NN 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 NN Stock often depends not only on the future outlook of the current and potential NN'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. NN's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 46.7 M | |
| Cash And Short Term Investments | 21.9 M |
NN Technical Analysis
NN's future price can be derived by breaking down and analyzing its technical indicators over time. NN Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NN Inc. In general, you should focus on analyzing NN Stock price patterns and their correlations with different microeconomic environments and drivers.
NN Predictive Forecast Models
NN's time-series forecasting models is one of many NN'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 NN'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 NN Inc
Checking the ongoing alerts about NN for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NN Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NN Inc had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 489.27 M. Net Loss for the year was (50.15 M) with profit before overhead, payroll, taxes, and interest of 77.63 M. | |
| About 71.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Nomura Holdings Incs Strategic Acquisition of NN Inc Shares |
Additional Tools for NN Stock Analysis
When running NN's price analysis, check to measure NN's 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 NN is operating at the current time. Most of NN's value examination focuses on studying past and present price action to predict the probability of NN's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NN's price. Additionally, you may evaluate how the addition of NN to your portfolios can decrease your overall portfolio volatility.