Connexa Sports Technologies Stock Probability of Future Stock Price Finishing Over 1.31
| YYAI Stock | 1.31 0.04 2.96% |
Connexa |
Connexa Sports Target Price Odds to finish over 1.31
The tendency of Connexa 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 above the current price in 90 days |
| 1.31 | 90 days | 1.31 | about 84.97 |
Based on a normal probability distribution, the odds of Connexa Sports to move above the current price in 90 days from now is about 84.97 (This Connexa Sports Technologies probability density function shows the probability of Connexa Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Connexa Sports Technologies has a beta of -0.0609. This entails as returns on the benchmark increase, returns on holding Connexa Sports are expected to decrease at a much lower rate. During a bear market, however, Connexa Sports Technologies is likely to outperform the market. Additionally Connexa Sports Technologies 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. Connexa Sports Price Density |
| Price |
Predictive Modules for Connexa Sports
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Connexa Sports Techn. 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.Connexa Sports Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Connexa Sports is not an exception. The market had few large corrections towards the Connexa Sports' 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 Connexa Sports Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Connexa Sports within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -1.8 | |
β | Beta against Dow Jones | -0.06 | |
σ | Overall volatility | 2.29 | |
Ir | Information ratio | -0.15 |
Connexa Sports 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 Connexa Sports for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Connexa Sports Techn can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Connexa Sports Techn generated a negative expected return over the last 90 days | |
| Connexa Sports Techn has high historical volatility and very poor performance | |
| Connexa Sports Techn may become a speculative penny stock | |
| Connexa Sports Technologies was previously known as CNXA Old and was traded on NASDAQ Exchange under the symbol CNXA. | |
| The company reported the previous year's revenue of 8.4 M. Net Loss for the year was (15.64 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Connexa Sports generates negative cash flow from operations | |
| About 33.0% of the company outstanding shares are owned by insiders |
Connexa Sports 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 Connexa Stock often depends not only on the future outlook of the current and potential Connexa Sports' 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. Connexa Sports' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 482 K | |
| Cash And Short Term Investments | 16.7 M |
Connexa Sports Technical Analysis
Connexa Sports' future price can be derived by breaking down and analyzing its technical indicators over time. Connexa Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Connexa Sports Technologies. In general, you should focus on analyzing Connexa Stock price patterns and their correlations with different microeconomic environments and drivers.
Connexa Sports Predictive Forecast Models
Connexa Sports' time-series forecasting models is one of many Connexa Sports' 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 Connexa Sports' 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 Connexa Sports Techn
Checking the ongoing alerts about Connexa Sports for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Connexa Sports Techn help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Connexa Sports Techn generated a negative expected return over the last 90 days | |
| Connexa Sports Techn has high historical volatility and very poor performance | |
| Connexa Sports Techn may become a speculative penny stock | |
| Connexa Sports Technologies was previously known as CNXA Old and was traded on NASDAQ Exchange under the symbol CNXA. | |
| The company reported the previous year's revenue of 8.4 M. Net Loss for the year was (15.64 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Connexa Sports generates negative cash flow from operations | |
| About 33.0% of the company outstanding shares are owned by insiders |
Check out Connexa Sports Backtesting, Connexa Sports Valuation, Connexa Sports Correlation, Connexa Sports Hype Analysis, Connexa Sports Volatility, Connexa Sports History as well as Connexa Sports Performance. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Is Apparel, Accessories & Luxury Goods 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 Connexa Sports. If investors know Connexa 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 Connexa Sports listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Connexa Sports Techn is measured differently than its book value, which is the value of Connexa that is recorded on the company's balance sheet. Investors also form their own opinion of Connexa Sports' value that differs from its market value or its book value, called intrinsic value, which is Connexa Sports' 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 Connexa Sports' market value can be influenced by many factors that don't directly affect Connexa Sports' 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 Connexa Sports' value and its price as these two are different measures arrived at by different means. Investors typically determine if Connexa Sports is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Connexa Sports' 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.