Nexoptic Technology Corp Stock Probability of Future Stock Price Finishing Over 14.28
| NXO Stock | CAD 0.02 0.01 20.00% |
Nexoptic |
Nexoptic Technology Target Price Odds to finish over 14.28
The tendency of Nexoptic 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 over C$ 14.28 or more in 90 days |
| 0.02 | 90 days | 14.28 | close to zero percent |
Based on a normal probability distribution, the odds of Nexoptic Technology to move over C$ 14.28 or more in 90 days from now is close to zero percent (This Nexoptic Technology Corp probability density function shows the probability of Nexoptic Stock to fall within a particular range of prices over 90 days) . Probability of Nexoptic Technology Corp price to stay between its current price of C$ 0.02 and C$ 14.28 at the end of the 90-day period is about 87.32 .
Assuming the 90 days horizon Nexoptic Technology Corp has a beta of -3.59. This indicates as returns on its benchmark rise, returns on holding Nexoptic Technology Corp are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Nexoptic Technology is expected to outperform its benchmark. Additionally Nexoptic Technology Corp has an alpha of 0.909, implying that it can generate a 0.91 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Nexoptic Technology Price Density |
| Price |
Predictive Modules for Nexoptic Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nexoptic Technology Corp. 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.Nexoptic Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nexoptic Technology is not an exception. The market had few large corrections towards the Nexoptic Technology'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 Nexoptic Technology Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nexoptic Technology within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.91 | |
β | Beta against Dow Jones | -3.59 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.06 |
Nexoptic Technology 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 Nexoptic Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nexoptic Technology Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nexoptic Technology is way too risky over 90 days horizon | |
| Nexoptic Technology has some characteristics of a very speculative penny stock | |
| Nexoptic Technology appears to be risky and price may revert if volatility continues | |
| Nexoptic Technology has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (1.69 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Nexoptic Technology Corp has accumulated about 1.09 M in cash with (723.41 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. |
Nexoptic Technology 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 Nexoptic Stock often depends not only on the future outlook of the current and potential Nexoptic Technology'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. Nexoptic Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 194.8 M | |
| Cash And Short Term Investments | 37.9 K |
Nexoptic Technology Technical Analysis
Nexoptic Technology's future price can be derived by breaking down and analyzing its technical indicators over time. Nexoptic Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nexoptic Technology Corp. In general, you should focus on analyzing Nexoptic Stock price patterns and their correlations with different microeconomic environments and drivers.
Nexoptic Technology Predictive Forecast Models
Nexoptic Technology's time-series forecasting models is one of many Nexoptic Technology'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 Nexoptic Technology'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 Nexoptic Technology Corp
Checking the ongoing alerts about Nexoptic Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nexoptic Technology Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nexoptic Technology is way too risky over 90 days horizon | |
| Nexoptic Technology has some characteristics of a very speculative penny stock | |
| Nexoptic Technology appears to be risky and price may revert if volatility continues | |
| Nexoptic Technology has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (1.69 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Nexoptic Technology Corp has accumulated about 1.09 M in cash with (723.41 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. |
Additional Tools for Nexoptic Stock Analysis
When running Nexoptic Technology's price analysis, check to measure Nexoptic Technology'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 Nexoptic Technology is operating at the current time. Most of Nexoptic Technology's value examination focuses on studying past and present price action to predict the probability of Nexoptic Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nexoptic Technology's price. Additionally, you may evaluate how the addition of Nexoptic Technology to your portfolios can decrease your overall portfolio volatility.