Nexalin Technology Stock Probability of Future Stock Price Finishing Over 4.1
| NXL Stock | USD 3.96 0.20 4.81% |
Nexalin |
Nexalin Technology Target Price Odds to finish over 4.1
The tendency of Nexalin 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 $ 4.10 or more in 90 days |
| 3.96 | 90 days | 4.10 | about 12.03 |
Based on a normal probability distribution, the odds of Nexalin Technology to move over $ 4.10 or more in 90 days from now is about 12.03 (This Nexalin Technology probability density function shows the probability of Nexalin Stock to fall within a particular range of prices over 90 days) . Probability of Nexalin Technology price to stay between its current price of $ 3.96 and $ 4.10 at the end of the 90-day period is about 1.97 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.41 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Nexalin Technology will likely underperform. In addition to that Nexalin Technology has an alpha of 3.0848, implying that it can generate a 3.08 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Nexalin Technology Price Density |
| Price |
Predictive Modules for Nexalin 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 Nexalin Technology. 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 Nexalin Technology'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.
Nexalin Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nexalin Technology is not an exception. The market had few large corrections towards the Nexalin 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 Nexalin Technology, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nexalin Technology within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 3.08 | |
β | Beta against Dow Jones | 1.41 | |
σ | Overall volatility | 1.50 | |
Ir | Information ratio | 0.26 |
Nexalin 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 Nexalin Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nexalin Technology can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nexalin Technology is way too risky over 90 days horizon | |
| Nexalin Technology appears to be risky and price may revert if volatility continues | |
| Nexalin Technology has 4.46 K in debt. Nexalin Technology has a current ratio of 0.2, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Nexalin to invest in growth at high rates of return. | |
| The entity reported the last year's revenue of 110.75 K. Reported Net Loss for the year was (4.65 M) with profit before taxes, overhead, and interest of 958.14 K. | |
| Nexalin Technology has about 291.33 K in cash with (3.84 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06. | |
| Nexalin Technology has a frail financial position based on the latest SEC disclosures | |
| Roughly 23.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from simplywall.st: Estimating The Fair Value Of Nuix Limited |
Nexalin 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 Nexalin Stock often depends not only on the future outlook of the current and potential Nexalin 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. Nexalin Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 7.4 M | |
| Cash And Short Term Investments | 2.9 M |
Nexalin Technology Technical Analysis
Nexalin Technology's future price can be derived by breaking down and analyzing its technical indicators over time. Nexalin Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nexalin Technology. In general, you should focus on analyzing Nexalin Stock price patterns and their correlations with different microeconomic environments and drivers.
Nexalin Technology Predictive Forecast Models
Nexalin Technology's time-series forecasting models is one of many Nexalin 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 Nexalin 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 Nexalin Technology
Checking the ongoing alerts about Nexalin Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nexalin Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nexalin Technology is way too risky over 90 days horizon | |
| Nexalin Technology appears to be risky and price may revert if volatility continues | |
| Nexalin Technology has 4.46 K in debt. Nexalin Technology has a current ratio of 0.2, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Nexalin to invest in growth at high rates of return. | |
| The entity reported the last year's revenue of 110.75 K. Reported Net Loss for the year was (4.65 M) with profit before taxes, overhead, and interest of 958.14 K. | |
| Nexalin Technology has about 291.33 K in cash with (3.84 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06. | |
| Nexalin Technology has a frail financial position based on the latest SEC disclosures | |
| Roughly 23.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from simplywall.st: Estimating The Fair Value Of Nuix Limited |
Check out Nexalin Technology Backtesting, Nexalin Technology Valuation, Nexalin Technology Correlation, Nexalin Technology Hype Analysis, Nexalin Technology Volatility, Nexalin Technology History as well as Nexalin Technology Performance. For more information on how to buy Nexalin Stock please use our How to buy in Nexalin Stock guide.You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Is Health Care Equipment & Supplies 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 Nexalin Technology. If investors know Nexalin 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 Nexalin Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.65) | Revenue Per Share 0.02 | Quarterly Revenue Growth (0.24) | Return On Assets (1.19) | Return On Equity (2.02) |
The market value of Nexalin Technology is measured differently than its book value, which is the value of Nexalin that is recorded on the company's balance sheet. Investors also form their own opinion of Nexalin Technology's value that differs from its market value or its book value, called intrinsic value, which is Nexalin Technology'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 Nexalin Technology's market value can be influenced by many factors that don't directly affect Nexalin Technology'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 Nexalin Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nexalin Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nexalin Technology'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.