New Zealand Energy Stock Probability of Future Stock Price Finishing Under 0.64
| NZ Stock | CAD 0.65 0.01 1.56% |
New |
New Zealand Target Price Odds to finish below 0.64
The tendency of New 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$ 0.64 or more in 90 days |
| 0.65 | 90 days | 0.64 | about 27.07 |
Based on a normal probability distribution, the odds of New Zealand to drop to C$ 0.64 or more in 90 days from now is about 27.07 (This New Zealand Energy probability density function shows the probability of New Stock to fall within a particular range of prices over 90 days) . Probability of New Zealand Energy price to stay between C$ 0.64 and its current price of C$0.65 at the end of the 90-day period is about 1.46 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.03 . This indicates New Zealand Energy market returns are correlated to returns on the market. As the market goes up or down, New Zealand is expected to follow. Additionally New Zealand Energy 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. New Zealand Price Density |
| Price |
Predictive Modules for New Zealand
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as New Zealand 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.New Zealand Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. New Zealand is not an exception. The market had few large corrections towards the New Zealand'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 New Zealand Energy, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of New Zealand within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.22 | |
β | Beta against Dow Jones | 1.03 | |
σ | Overall volatility | 0.23 | |
Ir | Information ratio | -0.03 |
New Zealand 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 New Zealand for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for New Zealand 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.| New Zealand Energy generated a negative expected return over the last 90 days | |
| New Zealand Energy has high historical volatility and very poor performance | |
| New Zealand Energy has some characteristics of a very speculative penny stock | |
| New Zealand Energy has a very high chance of going through financial distress in the upcoming years | |
| New Zealand Energy currently holds 11.67 M in liabilities with Debt to Equity (D/E) ratio of 0.9, which is about average as compared to similar companies. New Zealand Energy has a current ratio of 0.79, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist New Zealand until it has trouble settling it off, either with new capital or with free cash flow. So, New Zealand's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like New Zealand Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for New to invest in growth at high rates of return. When we think about New Zealand's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 1.92 M. Net Loss for the year was (1.94 M) with profit before overhead, payroll, taxes, and interest of 1.52 M. | |
| New Zealand Energy currently holds about 285.32 K in cash with (1.4 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 31.0% of New Zealand outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: New Zealand Energy Corp. to Recommence Drilling at Tariki-5A and Provides Private Placement Update - Yahoo Finance |
New Zealand 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 New Stock often depends not only on the future outlook of the current and potential New Zealand'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. New Zealand's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 8.3 M |
New Zealand Technical Analysis
New Zealand's future price can be derived by breaking down and analyzing its technical indicators over time. New Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of New Zealand Energy. In general, you should focus on analyzing New Stock price patterns and their correlations with different microeconomic environments and drivers.
New Zealand Predictive Forecast Models
New Zealand's time-series forecasting models is one of many New Zealand'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 New Zealand'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 New Zealand Energy
Checking the ongoing alerts about New Zealand for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for New Zealand Energy help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| New Zealand Energy generated a negative expected return over the last 90 days | |
| New Zealand Energy has high historical volatility and very poor performance | |
| New Zealand Energy has some characteristics of a very speculative penny stock | |
| New Zealand Energy has a very high chance of going through financial distress in the upcoming years | |
| New Zealand Energy currently holds 11.67 M in liabilities with Debt to Equity (D/E) ratio of 0.9, which is about average as compared to similar companies. New Zealand Energy has a current ratio of 0.79, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist New Zealand until it has trouble settling it off, either with new capital or with free cash flow. So, New Zealand's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like New Zealand Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for New to invest in growth at high rates of return. When we think about New Zealand's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 1.92 M. Net Loss for the year was (1.94 M) with profit before overhead, payroll, taxes, and interest of 1.52 M. | |
| New Zealand Energy currently holds about 285.32 K in cash with (1.4 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 31.0% of New Zealand outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: New Zealand Energy Corp. to Recommence Drilling at Tariki-5A and Provides Private Placement Update - Yahoo Finance |
Additional Tools for New Stock Analysis
When running New Zealand's price analysis, check to measure New Zealand'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 New Zealand is operating at the current time. Most of New Zealand's value examination focuses on studying past and present price action to predict the probability of New Zealand's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Zealand's price. Additionally, you may evaluate how the addition of New Zealand to your portfolios can decrease your overall portfolio volatility.