Novonix Stock Odds of Future Pink Sheet Price Finishing Over 0.54
| NVNXF Stock | USD 0.43 0.04 10.26% |
Novonix |
Novonix Target Price Odds to finish over 0.54
The tendency of Novonix Pink Sheet 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 $ 0.54 or more in 90 days |
| 0.43 | 90 days | 0.54 | about 16.46 |
Based on a normal probability distribution, the odds of Novonix to move over $ 0.54 or more in 90 days from now is about 16.46 (This Novonix probability density function shows the probability of Novonix Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Novonix price to stay between its current price of $ 0.43 and $ 0.54 at the end of the 90-day period is about 62.72 .
Assuming the 90 days horizon the pink sheet has the beta coefficient of 1.11 . This indicates Novonix market returns are reactive to returns on the market. As the market goes up or down, Novonix is expected to follow. Additionally Novonix has an alpha of 0.4385, implying that it can generate a 0.44 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Novonix Price Density |
| Price |
Predictive Modules for Novonix
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Novonix. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 Novonix'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.
Novonix Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Novonix is not an exception. The market had few large corrections towards the Novonix'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 Novonix, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Novonix within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.44 | |
β | Beta against Dow Jones | 1.11 | |
σ | Overall volatility | 0.06 | |
Ir | Information ratio | 0.06 |
Novonix 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 Novonix for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Novonix can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Novonix had very high historical volatility over the last 90 days | |
| Novonix has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 8.42 M. Net Loss for the year was (71.44 M) with profit before overhead, payroll, taxes, and interest of 5.41 M. | |
| Novonix has accumulated about 207.08 M in cash with (40.35 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.43. | |
| Roughly 28.0% of the company outstanding shares are owned by corporate insiders |
Novonix 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 Novonix Pink Sheet often depends not only on the future outlook of the current and potential Novonix'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. Novonix's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 486 M |
Novonix Technical Analysis
Novonix's future price can be derived by breaking down and analyzing its technical indicators over time. Novonix Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Novonix. In general, you should focus on analyzing Novonix Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Novonix Predictive Forecast Models
Novonix's time-series forecasting models is one of many Novonix's pink sheet 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 Novonix'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 pink sheet market movement and maximize returns from investment trading.
Things to note about Novonix
Checking the ongoing alerts about Novonix for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Novonix help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Novonix had very high historical volatility over the last 90 days | |
| Novonix has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 8.42 M. Net Loss for the year was (71.44 M) with profit before overhead, payroll, taxes, and interest of 5.41 M. | |
| Novonix has accumulated about 207.08 M in cash with (40.35 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.43. | |
| Roughly 28.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Novonix Pink Sheet
Novonix financial ratios help investors to determine whether Novonix Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Novonix with respect to the benefits of owning Novonix security.