PNM Resources Probability of Future Stock Price Finishing Under 42.58
| PNMDelisted Stock | USD 43.25 0.21 0.48% |
PNM |
PNM Resources Target Price Odds to finish below 42.58
The tendency of PNM 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 $ 42.58 or more in 90 days |
| 43.25 | 90 days | 42.58 | about 80.45 |
Based on a normal probability distribution, the odds of PNM Resources to drop to $ 42.58 or more in 90 days from now is about 80.45 (This PNM Resources probability density function shows the probability of PNM Stock to fall within a particular range of prices over 90 days) . Probability of PNM Resources price to stay between $ 42.58 and its current price of $43.25 at the end of the 90-day period is about 7.88 .
Considering the 90-day investment horizon PNM Resources has a beta of -0.0752 indicating as returns on the benchmark increase, returns on holding PNM Resources are expected to decrease at a much lower rate. During a bear market, however, PNM Resources is likely to outperform the market. Additionally PNM Resources has an alpha of 0.2961, implying that it can generate a 0.3 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). PNM Resources Price Density |
| Price |
Predictive Modules for PNM Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PNM Resources. 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.PNM Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. PNM Resources is not an exception. The market had few large corrections towards the PNM Resources' 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 PNM Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of PNM Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.30 | |
β | Beta against Dow Jones | -0.08 | |
σ | Overall volatility | 1.99 | |
Ir | Information ratio | 0.18 |
PNM Resources 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 PNM Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for PNM Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| PNM Resources is now traded under the symbol TXNM. Please update your portfolios or report it if you believe this is an error. Report It! | |
| PNM Resources is not yet fully synchronised with the market data | |
| PNM Resources has a very high chance of going through financial distress in the upcoming years | |
| PNM Resources has 4.96 B in debt with debt to equity (D/E) ratio of 1.91, which is OK given its current industry classification. PNM Resources has a current ratio of 0.4, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for PNM to invest in growth at high rates of return. | |
| Over 95.0% of PNM Resources shares are owned by institutional investors |
PNM Resources 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 PNM Stock often depends not only on the future outlook of the current and potential PNM Resources' 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. PNM Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 86.4 M | |
| Cash And Short Term Investments | 2.2 M |
PNM Resources Technical Analysis
PNM Resources' future price can be derived by breaking down and analyzing its technical indicators over time. PNM Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of PNM Resources. In general, you should focus on analyzing PNM Stock price patterns and their correlations with different microeconomic environments and drivers.
PNM Resources Predictive Forecast Models
PNM Resources' time-series forecasting models is one of many PNM Resources' 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 PNM Resources' 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 PNM Resources
Checking the ongoing alerts about PNM Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for PNM Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| PNM Resources is now traded under the symbol TXNM. Please update your portfolios or report it if you believe this is an error. Report It! | |
| PNM Resources is not yet fully synchronised with the market data | |
| PNM Resources has a very high chance of going through financial distress in the upcoming years | |
| PNM Resources has 4.96 B in debt with debt to equity (D/E) ratio of 1.91, which is OK given its current industry classification. PNM Resources has a current ratio of 0.4, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for PNM to invest in growth at high rates of return. | |
| Over 95.0% of PNM Resources shares are owned by institutional investors |
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Other Consideration for investing in PNM Stock
If you are still planning to invest in PNM Resources check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the PNM Resources' history and understand the potential risks before investing.
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