Next Biometrics (Norway) Probability of Future Stock Price Finishing Under 4.63
| NEXT Stock | NOK 6.78 0.14 2.11% |
Next |
Next Biometrics Target Price Odds to finish below 4.63
The tendency of Next 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 drop to 4.63 or more in 90 days |
| 6.78 | 90 days | 4.63 | near 1 |
Based on a normal probability distribution, the odds of Next Biometrics to drop to 4.63 or more in 90 days from now is near 1 (This Next Biometrics Group probability density function shows the probability of Next Stock to fall within a particular range of prices over 90 days) . Probability of Next Biometrics Group price to stay between 4.63 and its current price of 6.78 at the end of the 90-day period is about 16.38 .
Assuming the 90 days trading horizon Next Biometrics Group has a beta of -0.34. This indicates as returns on the benchmark increase, returns on holding Next Biometrics are expected to decrease at a much lower rate. During a bear market, however, Next Biometrics Group is likely to outperform the market. Additionally Next Biometrics Group 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. Next Biometrics Price Density |
| Price |
Predictive Modules for Next Biometrics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Next Biometrics Group. 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.Next Biometrics Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Next Biometrics is not an exception. The market had few large corrections towards the Next Biometrics' 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 Next Biometrics Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Next Biometrics within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.16 | |
β | Beta against Dow Jones | -0.34 | |
σ | Overall volatility | 0.46 | |
Ir | Information ratio | -0.16 |
Next Biometrics 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 Next Biometrics for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Next Biometrics Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Next Biometrics generated a negative expected return over the last 90 days | |
| Next Biometrics has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 50.76 M. Net Loss for the year was (58.39 M) with profit before overhead, payroll, taxes, and interest of 8.97 M. | |
| Next Biometrics Group has accumulated about 102.71 M in cash with (47.68 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.4. | |
| Roughly 51.0% of the company outstanding shares are owned by corporate insiders |
Next Biometrics 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 Next Stock often depends not only on the future outlook of the current and potential Next Biometrics' 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. Next Biometrics' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 31.4 M | |
| Cash And Short Term Investments | 36.8 M |
Next Biometrics Technical Analysis
Next Biometrics' future price can be derived by breaking down and analyzing its technical indicators over time. Next Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Next Biometrics Group. In general, you should focus on analyzing Next Stock price patterns and their correlations with different microeconomic environments and drivers.
Next Biometrics Predictive Forecast Models
Next Biometrics' time-series forecasting models is one of many Next Biometrics' 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 Next Biometrics' 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 Next Biometrics Group
Checking the ongoing alerts about Next Biometrics for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Next Biometrics Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Next Biometrics generated a negative expected return over the last 90 days | |
| Next Biometrics has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 50.76 M. Net Loss for the year was (58.39 M) with profit before overhead, payroll, taxes, and interest of 8.97 M. | |
| Next Biometrics Group has accumulated about 102.71 M in cash with (47.68 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.4. | |
| Roughly 51.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Next Stock
Next Biometrics financial ratios help investors to determine whether Next 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 Next with respect to the benefits of owning Next Biometrics security.