Nextracker Class A Stock Probability of Future Stock Price Finishing Over 36.37
| NXT Stock | 36.41 1.11 3.14% |
Nextracker |
Nextracker Target Price Odds to finish over 36.37
The tendency of Nextracker 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 above 36.37 in 90 days |
| 36.41 | 90 days | 36.37 | about 57.53 |
Based on a normal probability distribution, the odds of Nextracker to stay above 36.37 in 90 days from now is about 57.53 (This Nextracker Class A probability density function shows the probability of Nextracker Stock to fall within a particular range of prices over 90 days) . Probability of Nextracker Class A price to stay between 36.37 and its current price of 36.41 at the end of the 90-day period is near 1 .
Considering the 90-day investment horizon Nextracker Class A has a beta of -0.53. This indicates as returns on the benchmark increase, returns on holding Nextracker are expected to decrease at a much lower rate. During a bear market, however, Nextracker Class A is likely to outperform the market. Additionally Nextracker Class A has an alpha of 0.0243, implying that it can generate a 0.0243 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Nextracker Price Density |
| Price |
Predictive Modules for Nextracker
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nextracker Class A. 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 Nextracker'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.
Nextracker Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nextracker is not an exception. The market had few large corrections towards the Nextracker'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 Nextracker Class A, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nextracker within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.02 | |
β | Beta against Dow Jones | -0.53 | |
σ | Overall volatility | 2.74 | |
Ir | Information ratio | -0.03 |
Nextracker 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 Nextracker for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nextracker Class A can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nextracker Class A had very high historical volatility over the last 90 days | |
| Nextracker Class A has a strong financial position based on the latest SEC filings | |
| Over 100.0% of the company shares are owned by institutional investors | |
| Latest headline from businesswire.com: Lumentum Appoints New Board Member |
Nextracker 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 Nextracker Stock often depends not only on the future outlook of the current and potential Nextracker'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. Nextracker's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 147.3 M | |
| Cash And Short Term Investments | 474.1 M |
Nextracker Technical Analysis
Nextracker's future price can be derived by breaking down and analyzing its technical indicators over time. Nextracker Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nextracker Class A. In general, you should focus on analyzing Nextracker Stock price patterns and their correlations with different microeconomic environments and drivers.
Nextracker Predictive Forecast Models
Nextracker's time-series forecasting models is one of many Nextracker'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 Nextracker'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 Nextracker Class A
Checking the ongoing alerts about Nextracker for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nextracker Class A help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nextracker Class A had very high historical volatility over the last 90 days | |
| Nextracker Class A has a strong financial position based on the latest SEC filings | |
| Over 100.0% of the company shares are owned by institutional investors | |
| Latest headline from businesswire.com: Lumentum Appoints New Board Member |
Additional Tools for Nextracker Stock Analysis
When running Nextracker's price analysis, check to measure Nextracker'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 Nextracker is operating at the current time. Most of Nextracker's value examination focuses on studying past and present price action to predict the probability of Nextracker's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nextracker's price. Additionally, you may evaluate how the addition of Nextracker to your portfolios can decrease your overall portfolio volatility.