Nexstar Broadcasting Group Stock Probability of Future Stock Price Finishing Over 158.92
| NXST Stock | USD 172.30 5.64 3.17% |
Closest to current price Nexstar long CALL Option Payoff at Expiration
Nexstar |
Nexstar Broadcasting Target Price Odds to finish over 158.92
The tendency of Nexstar 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 $ 158.92 in 90 days |
| 172.30 | 90 days | 158.92 | about 84.65 |
Based on a normal probability distribution, the odds of Nexstar Broadcasting to stay above $ 158.92 in 90 days from now is about 84.65 (This Nexstar Broadcasting Group probability density function shows the probability of Nexstar Stock to fall within a particular range of prices over 90 days) . Probability of Nexstar Broadcasting price to stay between $ 158.92 and its current price of $172.3 at the end of the 90-day period is about 81.69 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.66 . 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, Nexstar Broadcasting will likely underperform. Additionally Nexstar Broadcasting Group has an alpha of 0.0398, implying that it can generate a 0.0398 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Nexstar Broadcasting Price Density |
| Price |
Predictive Modules for Nexstar Broadcasting
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nexstar Broadcasting. 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 Nexstar Broadcasting'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.
Nexstar Broadcasting Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nexstar Broadcasting is not an exception. The market had few large corrections towards the Nexstar Broadcasting'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 Nexstar Broadcasting Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nexstar Broadcasting within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.04 | |
β | Beta against NYSE Composite | 1.66 | |
σ | Overall volatility | 4.60 | |
Ir | Information ratio | 0.04 |
Nexstar Broadcasting 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 Nexstar Broadcasting for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nexstar Broadcasting can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nexstar Broadcasting is unlikely to experience financial distress in the next 2 years | |
| Over 94.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Nexstar Media Group, Inc. Q1 2024 Earnings Call Transcript |
Nexstar Broadcasting 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 Nexstar Stock often depends not only on the future outlook of the current and potential Nexstar Broadcasting'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. Nexstar Broadcasting's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 35.8 M | |
| Cash And Short Term Investments | 147 M |
Nexstar Broadcasting Technical Analysis
Nexstar Broadcasting's future price can be derived by breaking down and analyzing its technical indicators over time. Nexstar Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nexstar Broadcasting Group. In general, you should focus on analyzing Nexstar Stock price patterns and their correlations with different microeconomic environments and drivers.
Nexstar Broadcasting Predictive Forecast Models
Nexstar Broadcasting's time-series forecasting models is one of many Nexstar Broadcasting'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 Nexstar Broadcasting'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 Nexstar Broadcasting
Checking the ongoing alerts about Nexstar Broadcasting for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nexstar Broadcasting help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nexstar Broadcasting is unlikely to experience financial distress in the next 2 years | |
| Over 94.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Nexstar Media Group, Inc. Q1 2024 Earnings Call Transcript |
Check out Nexstar Broadcasting Backtesting, Nexstar Broadcasting Valuation, Nexstar Broadcasting Correlation, Nexstar Broadcasting Hype Analysis, Nexstar Broadcasting Volatility, Nexstar Broadcasting History as well as Nexstar Broadcasting Performance. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Nexstar Stock analysis
When running Nexstar Broadcasting's price analysis, check to measure Nexstar Broadcasting'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 Nexstar Broadcasting is operating at the current time. Most of Nexstar Broadcasting's value examination focuses on studying past and present price action to predict the probability of Nexstar Broadcasting's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nexstar Broadcasting's price. Additionally, you may evaluate how the addition of Nexstar Broadcasting to your portfolios can decrease your overall portfolio volatility.
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Is Nexstar Broadcasting'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 Nexstar Broadcasting. If investors know Nexstar 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 Nexstar Broadcasting 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 0.737 | Dividend Share 5.74 | Earnings Share 11.84 | Revenue Per Share 143.769 | Quarterly Revenue Growth 0.021 |
The market value of Nexstar Broadcasting is measured differently than its book value, which is the value of Nexstar that is recorded on the company's balance sheet. Investors also form their own opinion of Nexstar Broadcasting's value that differs from its market value or its book value, called intrinsic value, which is Nexstar Broadcasting'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 Nexstar Broadcasting's market value can be influenced by many factors that don't directly affect Nexstar Broadcasting'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 Nexstar Broadcasting's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nexstar Broadcasting is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nexstar Broadcasting'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.