Nextsource Materials Stock Probability of Future OTC Stock Price Finishing Under 0.45
| NSRCF Stock | USD 0.66 0.02 3.13% |
NextSource |
NextSource Materials Target Price Odds to finish below 0.45
The tendency of NextSource OTC 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 $ 0.45 or more in 90 days |
| 0.66 | 90 days | 0.45 | nearly 4.18 |
Based on a normal probability distribution, the odds of NextSource Materials to drop to $ 0.45 or more in 90 days from now is nearly 4.18 (This NextSource Materials probability density function shows the probability of NextSource OTC Stock to fall within a particular range of prices over 90 days) . Probability of NextSource Materials price to stay between $ 0.45 and its current price of $0.66 at the end of the 90-day period is about 92.92 .
Assuming the 90 days horizon the otc stock has the beta coefficient of 1.62 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, NextSource Materials will likely underperform. Additionally NextSource Materials has an alpha of 0.5652, implying that it can generate a 0.57 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). NextSource Materials Price Density |
| Price |
Predictive Modules for NextSource Materials
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NextSource Materials. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NextSource Materials' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
NextSource Materials Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NextSource Materials is not an exception. The market had few large corrections towards the NextSource Materials' 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 NextSource Materials, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NextSource Materials within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.57 | |
β | Beta against NYSE Composite | 1.62 | |
σ | Overall volatility | 0.06 | |
Ir | Information ratio | 0.10 |
NextSource Materials 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 NextSource Materials for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NextSource Materials can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NextSource Materials is way too risky over 90 days horizon | |
| NextSource Materials has some characteristics of a very speculative penny stock | |
| NextSource Materials appears to be risky and price may revert if volatility continues | |
| NextSource Materials has high likelihood to experience some financial distress in the next 2 years | |
| The company has accumulated 349.82 K in total debt. NextSource Materials has a current ratio of 0.42, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist NextSource Materials until it has trouble settling it off, either with new capital or with free cash flow. So, NextSource Materials' 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 NextSource Materials sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for NextSource to invest in growth at high rates of return. When we think about NextSource Materials' use of debt, we should always consider it together with cash and equity. | |
| NextSource Materials has accumulated about 9.79 M in cash with (1.63 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.1. | |
| Roughly 49.0% of the company outstanding shares are owned by corporate insiders |
NextSource Materials 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 NextSource OTC Stock often depends not only on the future outlook of the current and potential NextSource Materials' 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. NextSource Materials' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 101.9 M |
NextSource Materials Technical Analysis
NextSource Materials' future price can be derived by breaking down and analyzing its technical indicators over time. NextSource OTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NextSource Materials. In general, you should focus on analyzing NextSource OTC Stock price patterns and their correlations with different microeconomic environments and drivers.
NextSource Materials Predictive Forecast Models
NextSource Materials' time-series forecasting models is one of many NextSource Materials' otc 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 NextSource Materials' 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 otc stock market movement and maximize returns from investment trading.
Things to note about NextSource Materials
Checking the ongoing alerts about NextSource Materials for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NextSource Materials help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NextSource Materials is way too risky over 90 days horizon | |
| NextSource Materials has some characteristics of a very speculative penny stock | |
| NextSource Materials appears to be risky and price may revert if volatility continues | |
| NextSource Materials has high likelihood to experience some financial distress in the next 2 years | |
| The company has accumulated 349.82 K in total debt. NextSource Materials has a current ratio of 0.42, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist NextSource Materials until it has trouble settling it off, either with new capital or with free cash flow. So, NextSource Materials' 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 NextSource Materials sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for NextSource to invest in growth at high rates of return. When we think about NextSource Materials' use of debt, we should always consider it together with cash and equity. | |
| NextSource Materials has accumulated about 9.79 M in cash with (1.63 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.1. | |
| Roughly 49.0% of the company outstanding shares are owned by corporate insiders |
Check out NextSource Materials Backtesting, NextSource Materials Valuation, NextSource Materials Correlation, NextSource Materials Hype Analysis, NextSource Materials Volatility, NextSource Materials History as well as NextSource Materials Performance. Note that the NextSource Materials information on this page should be used as a complementary analysis to other NextSource Materials' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for NextSource OTC Stock analysis
When running NextSource Materials' price analysis, check to measure NextSource Materials' 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 NextSource Materials is operating at the current time. Most of NextSource Materials' value examination focuses on studying past and present price action to predict the probability of NextSource Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NextSource Materials' price. Additionally, you may evaluate how the addition of NextSource Materials to your portfolios can decrease your overall portfolio volatility.
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