Ngl Energy Partners Stock Probability of Future Stock Price Finishing Over 10.71
| NGL Stock | USD 4.99 0.18 3.74% |
NGL |
NGL Energy Target Price Odds to finish over 10.71
The tendency of NGL 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 $ 10.71 or more in 90 days |
| 4.99 | 90 days | 10.71 | close to zero percent |
Based on a normal probability distribution, the odds of NGL Energy to move over $ 10.71 or more in 90 days from now is close to zero percent (This NGL Energy Partners probability density function shows the probability of NGL Stock to fall within a particular range of prices over 90 days) . Probability of NGL Energy Partners price to stay between its current price of $ 4.99 and $ 10.71 at the end of the 90-day period is roughly 2.49 .
Considering the 90-day investment horizon NGL Energy Partners has a beta of -0.0471. This indicates as returns on the benchmark increase, returns on holding NGL Energy are expected to decrease at a much lower rate. During a bear market, however, NGL Energy Partners is likely to outperform the market. Additionally NGL Energy Partners has an alpha of 0.1655, implying that it can generate a 0.17 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). NGL Energy Price Density |
| Price |
Predictive Modules for NGL Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NGL Energy Partners. 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.NGL Energy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NGL Energy is not an exception. The market had few large corrections towards the NGL Energy'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 NGL Energy Partners, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NGL Energy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.17 | |
β | Beta against Dow Jones | -0.05 | |
σ | Overall volatility | 0.26 | |
Ir | Information ratio | 0.07 |
NGL Energy 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 NGL Energy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NGL Energy Partners can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The company reported the last year's revenue of 6.96 B. Reported Net Loss for the year was (143.12 M) with profit before taxes, overhead, and interest of 808.6 M. | |
| NGL Energy Partners has a strong financial position based on the latest SEC filings | |
| Latest headline from MacroaxisInsider: Acquisition by Bradley Cooper of 50000 shares of NGL Energy at 2.7863 subject to Rule 16b-3 |
NGL Energy 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 NGL Stock often depends not only on the future outlook of the current and potential NGL Energy'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. NGL Energy's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 132.1 M | |
| Cash And Short Term Investments | 38.9 M |
NGL Energy Technical Analysis
NGL Energy's future price can be derived by breaking down and analyzing its technical indicators over time. NGL Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NGL Energy Partners. In general, you should focus on analyzing NGL Stock price patterns and their correlations with different microeconomic environments and drivers.