Newport Exploration Stock Probability of Future Stock Price Finishing Over 0.0744
| NWX Stock | CAD 0.07 0.01 6.25% |
Newport |
Newport Exploration Target Price Odds to finish over 0.0744
The tendency of Newport 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 C$ 0.07 in 90 days |
| 0.07 | 90 days | 0.07 | about 97.0 |
Based on a normal probability distribution, the odds of Newport Exploration to stay above C$ 0.07 in 90 days from now is about 97.0 (This Newport Exploration probability density function shows the probability of Newport Stock to fall within a particular range of prices over 90 days) . Probability of Newport Exploration price to stay between C$ 0.07 and its current price of C$0.075 at the end of the 90-day period is near 1 .
Assuming the 90 days horizon the stock has the beta coefficient of 1.08 . This indicates Newport Exploration market returns are correlated to returns on the market. As the market goes up or down, Newport Exploration is expected to follow. Additionally Newport Exploration 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. Newport Exploration Price Density |
| Price |
Predictive Modules for Newport Exploration
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Newport Exploration. 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.Newport Exploration Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Newport Exploration is not an exception. The market had few large corrections towards the Newport Exploration'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 Newport Exploration, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Newport Exploration within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.83 | |
β | Beta against Dow Jones | 1.08 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.15 |
Newport Exploration 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 Newport Exploration for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Newport Exploration can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Newport Exploration generated a negative expected return over the last 90 days | |
| Newport Exploration has high historical volatility and very poor performance | |
| Newport Exploration has some characteristics of a very speculative penny stock | |
| About 27.0% of the company outstanding shares are owned by corporate insiders |
Newport Exploration 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 Newport Stock often depends not only on the future outlook of the current and potential Newport Exploration'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. Newport Exploration's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 105.6 M | |
| Cash And Short Term Investments | 2.7 M |
Newport Exploration Technical Analysis
Newport Exploration's future price can be derived by breaking down and analyzing its technical indicators over time. Newport Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Newport Exploration. In general, you should focus on analyzing Newport Stock price patterns and their correlations with different microeconomic environments and drivers.
Newport Exploration Predictive Forecast Models
Newport Exploration's time-series forecasting models is one of many Newport Exploration'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 Newport Exploration'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 Newport Exploration
Checking the ongoing alerts about Newport Exploration for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Newport Exploration help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Newport Exploration generated a negative expected return over the last 90 days | |
| Newport Exploration has high historical volatility and very poor performance | |
| Newport Exploration has some characteristics of a very speculative penny stock | |
| About 27.0% of the company outstanding shares are owned by corporate insiders |
Additional Tools for Newport Stock Analysis
When running Newport Exploration's price analysis, check to measure Newport Exploration'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 Newport Exploration is operating at the current time. Most of Newport Exploration's value examination focuses on studying past and present price action to predict the probability of Newport Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newport Exploration's price. Additionally, you may evaluate how the addition of Newport Exploration to your portfolios can decrease your overall portfolio volatility.