NEXON (Germany) Chance of Future Stock Price Finishing Under 17.3
| 7NX Stock | EUR 13.10 0.10 0.76% |
NEXON |
NEXON Target Price Odds to finish below 17.3
The tendency of NEXON 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 € 17.30 after 90 days |
| 13.10 | 90 days | 17.30 | about 84.05 |
Based on a normal probability distribution, the odds of NEXON to stay under € 17.30 after 90 days from now is about 84.05 (This NEXON Co probability density function shows the probability of NEXON Stock to fall within a particular range of prices over 90 days) . Probability of NEXON price to stay between its current price of € 13.10 and € 17.30 at the end of the 90-day period is about 77.06 .
Assuming the 90 days horizon NEXON has a beta of 0.89. This suggests NEXON Co market returns are reactive to returns on the market. As the market goes up or down, NEXON is expected to follow. Additionally NEXON Co 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. NEXON Price Density |
| Price |
Predictive Modules for NEXON
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NEXON. 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.NEXON Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NEXON is not an exception. The market had few large corrections towards the NEXON'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 NEXON Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NEXON within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.52 | |
β | Beta against Dow Jones | 0.89 | |
σ | Overall volatility | 1.70 | |
Ir | Information ratio | -0.17 |
NEXON 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 NEXON for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NEXON can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NEXON generated a negative expected return over the last 90 days | |
| NEXON has high historical volatility and very poor performance | |
| About 50.0% of the company shares are owned by insiders or employees |
NEXON 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 NEXON Stock often depends not only on the future outlook of the current and potential NEXON'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. NEXON's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 890.8 M |
NEXON Technical Analysis
NEXON's future price can be derived by breaking down and analyzing its technical indicators over time. NEXON Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NEXON Co. In general, you should focus on analyzing NEXON Stock price patterns and their correlations with different microeconomic environments and drivers.
NEXON Predictive Forecast Models
NEXON's time-series forecasting models is one of many NEXON'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 NEXON'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 NEXON
Checking the ongoing alerts about NEXON for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NEXON help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NEXON generated a negative expected return over the last 90 days | |
| NEXON has high historical volatility and very poor performance | |
| About 50.0% of the company shares are owned by insiders or employees |
Other Information on Investing in NEXON Stock
NEXON financial ratios help investors to determine whether NEXON Stock 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 NEXON with respect to the benefits of owning NEXON security.