Nexgen Energy Stock Probability of Future Stock Price Finishing Over 7.0
| NXE Stock | USD 7.94 0.17 2.19% |
Closest to current price NexGen long CALL Option Payoff at Expiration
NexGen |
NexGen Energy Target Price Odds to finish over 7.0
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 stay above $ 7.00 in 90 days |
| 7.94 | 90 days | 7.00 | over 95.94 |
Based on a normal probability distribution, the odds of NexGen Energy to stay above $ 7.00 in 90 days from now is over 95.94 (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 $ 7.00 and its current price of $7.94 at the end of the 90-day period is about 63.0 .
Considering the 90-day investment horizon the stock has the beta coefficient of 2.46 . 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, NexGen Energy will likely underperform. Additionally NexGen Energy has an alpha of 0.238, implying that it can generate a 0.24 percent excess return over NYSE Composite 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NexGen Energy's 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.
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 NYSE Composite | 0.24 | |
β | Beta against NYSE Composite | 2.46 | |
σ | Overall volatility | 0.43 | |
Ir | Information ratio | 0.07 |
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 had very high historical volatility over the last 90 days | |
| NexGen Energy has about 167.27 M in cash with (52.62 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.35. | |
| NexGen Energy has a poor financial position based on the latest SEC disclosures | |
| Latest headline from news.google.com: NexGen Energy Trading Down 6.1 percent - MarketBeat |
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 had very high historical volatility over the last 90 days | |
| NexGen Energy has about 167.27 M in cash with (52.62 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.35. | |
| NexGen Energy has a poor financial position based on the latest SEC disclosures | |
| Latest headline from news.google.com: NexGen Energy Trading Down 6.1 percent - MarketBeat |
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. For information on how to trade NexGen Stock refer to our How to Trade NexGen Stock guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for NexGen Stock analysis
When running NexGen Energy's price analysis, check to measure NexGen Energy'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 NexGen Energy is operating at the current time. Most of NexGen Energy's value examination focuses on studying past and present price action to predict the probability of NexGen Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NexGen Energy's price. Additionally, you may evaluate how the addition of NexGen Energy to your portfolios can decrease your overall portfolio volatility.
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings |
Is NexGen Energy's industry 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 NexGen Energy. If investors know NexGen 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 NexGen Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.08 | Return On Assets (0.06) | Return On Equity 0.0633 |
The market value of NexGen Energy is measured differently than its book value, which is the value of NexGen that is recorded on the company's balance sheet. Investors also form their own opinion of NexGen Energy's value that differs from its market value or its book value, called intrinsic value, which is NexGen 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 NexGen Energy's market value can be influenced by many factors that don't directly affect NexGen 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 NexGen Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if NexGen Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NexGen 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.