Nutrien Stock Odds of Future Stock Price Finishing Under 61.04
| NTR Stock | CAD 65.61 0.16 0.24% |
Nutrien |
Nutrien Target Price Odds to finish below 61.04
The tendency of Nutrien 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$ 61.04 or more in 90 days |
| 65.61 | 90 days | 61.04 | about 1.87 |
Based on a normal probability distribution, the odds of Nutrien to drop to C$ 61.04 or more in 90 days from now is about 1.87 (This Nutrien probability density function shows the probability of Nutrien Stock to fall within a particular range of prices over 90 days) . Probability of Nutrien price to stay between C$ 61.04 and its current price of C$65.61 at the end of the 90-day period is about 54.28 .
Assuming the 90 days trading horizon Nutrien has a beta of 0.0586. This indicates as returns on the market go up, Nutrien average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nutrien will be expected to be much smaller as well. Additionally Nutrien has an alpha of 0.0197, implying that it can generate a 0.0197 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Nutrien Price Density |
| Price |
Predictive Modules for Nutrien
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nutrien. 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.Nutrien Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nutrien is not an exception. The market had few large corrections towards the Nutrien'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 Nutrien, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nutrien within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.02 | |
β | Beta against Dow Jones | 0.06 | |
σ | Overall volatility | 2.05 | |
Ir | Information ratio | -0.07 |
Nutrien 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 Nutrien for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nutrien can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 72.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Nutrien Ltd. Shares Sold by Principal Financial Group Inc. - MarketBeat |
Nutrien 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 Nutrien Stock often depends not only on the future outlook of the current and potential Nutrien'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. Nutrien's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 496.4 M | |
| Cash And Short Term Investments | 941 M |
Nutrien Technical Analysis
Nutrien's future price can be derived by breaking down and analyzing its technical indicators over time. Nutrien Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nutrien. In general, you should focus on analyzing Nutrien Stock price patterns and their correlations with different microeconomic environments and drivers.
Nutrien Predictive Forecast Models
Nutrien's time-series forecasting models is one of many Nutrien'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 Nutrien'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 Nutrien
Checking the ongoing alerts about Nutrien for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nutrien help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 72.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Nutrien Ltd. Shares Sold by Principal Financial Group Inc. - MarketBeat |
Check out Nutrien Backtesting, Nutrien Valuation, Nutrien Correlation, Nutrien Hype Analysis, Nutrien Volatility, Nutrien History as well as Nutrien Performance. To learn how to invest in Nutrien Stock, please use our How to Invest in Nutrien guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.