Nxg Nextgen Infrastructure Stock Probability of Future Stock Price Finishing Under 46.88
| NXG Stock | USD 46.88 0.50 1.08% |
NXG |
NXG NextGen Target Price Odds to finish below 46.88
The tendency of NXG 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 move below current price in 90 days |
| 46.88 | 90 days | 46.88 | about 73.29 |
Based on a normal probability distribution, the odds of NXG NextGen to move below current price in 90 days from now is about 73.29 (This NXG NextGen Infrastructure probability density function shows the probability of NXG Stock to fall within a particular range of prices over 90 days) .
Considering the 90-day investment horizon NXG NextGen has a beta of 0.57. This indicates as returns on the market go up, NXG NextGen average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NXG NextGen Infrastructure will be expected to be much smaller as well. Additionally NXG NextGen Infrastructure has an alpha of 0.2257, implying that it can generate a 0.23 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). NXG NextGen Price Density |
| Price |
Predictive Modules for NXG NextGen
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NXG NextGen Infrastr. 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 NXG NextGen'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.
NXG NextGen Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NXG NextGen is not an exception. The market had few large corrections towards the NXG NextGen'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 NXG NextGen Infrastructure, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NXG NextGen within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.23 | |
β | Beta against Dow Jones | 0.57 | |
σ | Overall volatility | 3.53 | |
Ir | Information ratio | 0.10 |
NXG NextGen 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 NXG NextGen for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NXG NextGen Infrastr can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NXG NextGen Infrastr has high likelihood to experience some financial distress in the next 2 years | |
| Reported Net Loss for the year was (28.51 M) with profit before taxes, overhead, and interest of 0. | |
| On 29th of November 2024 NXG NextGen paid $ 0.54 per share dividend to its current shareholders | |
| Latest headline from stockhead.com.au: Could nuclear energy be the climate solution right under our noses |
NXG NextGen 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 NXG Stock often depends not only on the future outlook of the current and potential NXG NextGen'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. NXG NextGen's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 2.6 M | |
| Cash And Short Term Investments | 9.8 M |
NXG NextGen Technical Analysis
NXG NextGen's future price can be derived by breaking down and analyzing its technical indicators over time. NXG Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NXG NextGen Infrastructure. In general, you should focus on analyzing NXG Stock price patterns and their correlations with different microeconomic environments and drivers.
NXG NextGen Predictive Forecast Models
NXG NextGen's time-series forecasting models is one of many NXG NextGen'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 NXG NextGen'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 NXG NextGen Infrastr
Checking the ongoing alerts about NXG NextGen for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NXG NextGen Infrastr help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NXG NextGen Infrastr has high likelihood to experience some financial distress in the next 2 years | |
| Reported Net Loss for the year was (28.51 M) with profit before taxes, overhead, and interest of 0. | |
| On 29th of November 2024 NXG NextGen paid $ 0.54 per share dividend to its current shareholders | |
| Latest headline from stockhead.com.au: Could nuclear energy be the climate solution right under our noses |
Check out NXG NextGen Backtesting, NXG NextGen Valuation, NXG NextGen Correlation, NXG NextGen Hype Analysis, NXG NextGen Volatility, NXG NextGen History as well as NXG NextGen Performance. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Is Asset Management & Custody Banks space 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 NXG NextGen. If investors know NXG 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 NXG NextGen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 3.12 |
The market value of NXG NextGen Infrastr is measured differently than its book value, which is the value of NXG that is recorded on the company's balance sheet. Investors also form their own opinion of NXG NextGen's value that differs from its market value or its book value, called intrinsic value, which is NXG NextGen'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 NXG NextGen's market value can be influenced by many factors that don't directly affect NXG NextGen'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 NXG NextGen's value and its price as these two are different measures arrived at by different means. Investors typically determine if NXG NextGen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NXG NextGen'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.