Newjersey Resources Stock Probability of Future Stock Price Finishing Under 46.4
| NJR Stock | USD 46.31 0.40 0.86% |
NewJersey |
NewJersey Resources Target Price Odds to finish below 46.4
The tendency of NewJersey 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 under $ 46.40 after 90 days |
| 46.31 | 90 days | 46.40 | about 34.95 |
Based on a normal probability distribution, the odds of NewJersey Resources to stay under $ 46.40 after 90 days from now is about 34.95 (This NewJersey Resources probability density function shows the probability of NewJersey Stock to fall within a particular range of prices over 90 days) . Probability of NewJersey Resources price to stay between its current price of $ 46.31 and $ 46.40 at the end of the 90-day period is about 1.96 .
Considering the 90-day investment horizon NewJersey Resources has a beta of 0.28. This indicates as returns on the market go up, NewJersey Resources average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NewJersey Resources will be expected to be much smaller as well. Additionally NewJersey Resources has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. NewJersey Resources Price Density |
| Price |
Predictive Modules for NewJersey 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 NewJersey 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.NewJersey Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NewJersey Resources is not an exception. The market had few large corrections towards the NewJersey 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 NewJersey Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NewJersey Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.01 | |
β | Beta against Dow Jones | 0.28 | |
σ | Overall volatility | 1.69 | |
Ir | Information ratio | -0.04 |
NewJersey 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 NewJersey Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NewJersey 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.| NewJersey Resources has 3.52 B in debt with debt to equity (D/E) ratio of 1.72, which is OK given its current industry classification. NewJersey Resources has a current ratio of 0.68, 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 NewJersey to invest in growth at high rates of return. | |
| Over 75.0% of NewJersey Resources shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Insider Sell Patrick Migliaccio Sells Shares of New Jersey Resources Corp |
NewJersey 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 NewJersey Stock often depends not only on the future outlook of the current and potential NewJersey 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. NewJersey Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 99.3 M | |
| Dividends Paid | 165.1 M | |
| Cash And Short Term Investments | 1 M |
NewJersey Resources Technical Analysis
NewJersey Resources' future price can be derived by breaking down and analyzing its technical indicators over time. NewJersey Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NewJersey Resources. In general, you should focus on analyzing NewJersey Stock price patterns and their correlations with different microeconomic environments and drivers.
NewJersey Resources Predictive Forecast Models
NewJersey Resources' time-series forecasting models is one of many NewJersey 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 NewJersey 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 NewJersey Resources
Checking the ongoing alerts about NewJersey Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NewJersey Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NewJersey Resources has 3.52 B in debt with debt to equity (D/E) ratio of 1.72, which is OK given its current industry classification. NewJersey Resources has a current ratio of 0.68, 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 NewJersey to invest in growth at high rates of return. | |
| Over 75.0% of NewJersey Resources shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Insider Sell Patrick Migliaccio Sells Shares of New Jersey Resources Corp |
Additional Tools for NewJersey Stock Analysis
When running NewJersey Resources' price analysis, check to measure NewJersey Resources' 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 NewJersey Resources is operating at the current time. Most of NewJersey Resources' value examination focuses on studying past and present price action to predict the probability of NewJersey Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NewJersey Resources' price. Additionally, you may evaluate how the addition of NewJersey Resources to your portfolios can decrease your overall portfolio volatility.