Txnm Energy, Stock Probability of Future Stock Price Finishing Over 50.06
| TXNM Stock | USD 48.79 0.32 0.66% |
TXNM |
TXNM Energy, Target Price Odds to finish over 50.06
The tendency of TXNM 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 move over $ 50.06 or more in 90 days |
| 48.79 | 90 days | 50.06 | near 1 |
Based on a normal probability distribution, the odds of TXNM Energy, to move over $ 50.06 or more in 90 days from now is near 1 (This TXNM Energy, probability density function shows the probability of TXNM Stock to fall within a particular range of prices over 90 days) . Probability of TXNM Energy, price to stay between its current price of $ 48.79 and $ 50.06 at the end of the 90-day period is near 1 .
Given the investment horizon of 90 days TXNM Energy, has a beta of 0.27. This usually implies as returns on the market go up, TXNM Energy, average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding TXNM Energy, will be expected to be much smaller as well. Additionally TXNM Energy, has an alpha of 0.2441, implying that it can generate a 0.24 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). TXNM Energy, Price Density |
| Price |
Predictive Modules for TXNM 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 TXNM 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.TXNM Energy, Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. TXNM Energy, is not an exception. The market had few large corrections towards the TXNM 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 TXNM Energy,, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of TXNM Energy, within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.24 | |
β | Beta against Dow Jones | 0.27 | |
σ | Overall volatility | 1.92 | |
Ir | Information ratio | 0.17 |
TXNM 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 TXNM Energy, for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for TXNM 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.| TXNM Energy, was previously known as PNM Resources and was traded on New York Stock Exchange under the symbol PNM. | |
| Over 98.0% of the company shares are owned by institutional investors | |
| On 8th of November 2024 TXNM Energy, paid $ 0.3875 per share dividend to its current shareholders | |
| Latest headline from simplywall.st: Is TXNM Energy, Inc.s 7.6 percent ROE Strong Compared To Its Industry |
TXNM 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 TXNM Stock often depends not only on the future outlook of the current and potential TXNM 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. TXNM Energy,'s 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 |
TXNM Energy, Technical Analysis
TXNM Energy,'s future price can be derived by breaking down and analyzing its technical indicators over time. TXNM Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of TXNM Energy,. In general, you should focus on analyzing TXNM Stock price patterns and their correlations with different microeconomic environments and drivers.
TXNM Energy, Predictive Forecast Models
TXNM Energy,'s time-series forecasting models is one of many TXNM 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 TXNM 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 TXNM Energy,
Checking the ongoing alerts about TXNM Energy, for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for TXNM Energy, help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| TXNM Energy, was previously known as PNM Resources and was traded on New York Stock Exchange under the symbol PNM. | |
| Over 98.0% of the company shares are owned by institutional investors | |
| On 8th of November 2024 TXNM Energy, paid $ 0.3875 per share dividend to its current shareholders | |
| Latest headline from simplywall.st: Is TXNM Energy, Inc.s 7.6 percent ROE Strong Compared To Its Industry |
Check out TXNM Energy, Backtesting, TXNM Energy, Valuation, TXNM Energy, Correlation, TXNM Energy, Hype Analysis, TXNM Energy, Volatility, TXNM Energy, History as well as TXNM Energy, Performance. To learn how to invest in TXNM Stock, please use our How to Invest in TXNM Energy, guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Is Electric Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of TXNM Energy,. If investors know TXNM will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about TXNM Energy, listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.007 | Dividend Share 1.53 | Earnings Share 0.9 | Revenue Per Share 20.825 | Quarterly Revenue Growth 0.023 |
The market value of TXNM Energy, is measured differently than its book value, which is the value of TXNM that is recorded on the company's balance sheet. Investors also form their own opinion of TXNM Energy,'s value that differs from its market value or its book value, called intrinsic value, which is TXNM Energy,'s true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because TXNM Energy,'s market value can be influenced by many factors that don't directly affect TXNM Energy,'s underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between TXNM Energy,'s value and its price as these two are different measures arrived at by different means. Investors typically determine if TXNM Energy, is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TXNM Energy,'s price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.