Nexgen Energy Stock Probability of Future Stock Price Finishing Under 9.21
| NXE Stock | CAD 11.70 0.72 5.80% |
NexGen |
NexGen Energy Target Price Odds to finish below 9.21
The tendency of NexGen 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$ 9.21 or more in 90 days |
| 11.70 | 90 days | 9.21 | about 42.59 |
Based on a normal probability distribution, the odds of NexGen Energy to drop to C$ 9.21 or more in 90 days from now is about 42.59 (This NexGen Energy probability density function shows the probability of NexGen Stock to fall within a particular range of prices over 90 days) . Probability of NexGen Energy price to stay between C$ 9.21 and its current price of C$11.7 at the end of the 90-day period is about 52.31 .
Assuming the 90 days trading horizon NexGen Energy has a beta of 0.15. This indicates as returns on the market go up, NexGen Energy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NexGen Energy will be expected to be much smaller as well. Additionally NexGen Energy has an alpha of 0.6144, implying that it can generate a 0.61 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). NexGen Energy Price Density |
| Price |
Predictive Modules for NexGen 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 NexGen Energy. 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.NexGen Energy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NexGen Energy is not an exception. The market had few large corrections towards the NexGen 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 NexGen Energy, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NexGen Energy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.61 | |
β | Beta against Dow Jones | 0.15 | |
σ | Overall volatility | 1.36 | |
Ir | Information ratio | 0.16 |
NexGen 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 NexGen Energy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NexGen Energy can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NexGen Energy appears to be risky and price may revert if volatility continues | |
| NexGen Energy has accumulated about 75.8 M in cash with (52.62 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.2. |
NexGen 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 NexGen Stock often depends not only on the future outlook of the current and potential NexGen 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. NexGen Energy's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 529.2 M | |
| Cash And Short Term Investments | 290.7 M |
NexGen Energy Technical Analysis
NexGen Energy's future price can be derived by breaking down and analyzing its technical indicators over time. NexGen Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NexGen Energy. In general, you should focus on analyzing NexGen Stock price patterns and their correlations with different microeconomic environments and drivers.
NexGen Energy Predictive Forecast Models
NexGen Energy's time-series forecasting models is one of many NexGen 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 NexGen 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 NexGen Energy
Checking the ongoing alerts about NexGen Energy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NexGen Energy help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NexGen Energy appears to be risky and price may revert if volatility continues | |
| NexGen Energy has accumulated about 75.8 M in cash with (52.62 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.2. |
Check out NexGen Energy Backtesting, NexGen Energy Valuation, NexGen Energy Correlation, NexGen Energy Hype Analysis, NexGen Energy Volatility, NexGen Energy History as well as NexGen Energy Performance. To learn how to invest in NexGen Stock, please use our How to Invest in NexGen Energy guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.