Cnx Resources Corp Stock Probability of Future Stock Price Finishing Over 23.83
| CNX Stock | USD 23.20 0.27 1.18% |
Closest to current price CNX long CALL Option Payoff at Expiration
CNX |
CNX Resources Target Price Odds to finish over 23.83
The tendency of CNX 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 $ 23.83 or more in 90 days |
| 23.20 | 90 days | 23.83 | about 15.44 |
Based on a normal probability distribution, the odds of CNX Resources to move over $ 23.83 or more in 90 days from now is about 15.44 (This CNX Resources Corp probability density function shows the probability of CNX Stock to fall within a particular range of prices over 90 days) . Probability of CNX Resources Corp price to stay between its current price of $ 23.20 and $ 23.83 at the end of the 90-day period is about 10.51 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.07 suggesting CNX Resources Corp market returns are sensitive to returns on the market. As the market goes up or down, CNX Resources is expected to follow. Additionally CNX Resources Corp has an alpha of 0.1162, implying that it can generate a 0.12 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). CNX Resources Price Density |
| Price |
Predictive Modules for CNX Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CNX Resources Corp. 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 CNX Resources' 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.
CNX Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. CNX Resources is not an exception. The market had few large corrections towards the CNX Resources' 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 CNX Resources Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of CNX Resources within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.12 | |
β | Beta against NYSE Composite | 1.07 | |
σ | Overall volatility | 1.69 | |
Ir | Information ratio | 0.07 |
CNX Resources 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 CNX Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for CNX Resources Corp 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 has 2.37 B in debt with debt to equity (D/E) ratio of 0.96, which is OK given its current industry classification. CNX Resources Corp has a current ratio of 0.29, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist CNX Resources until it has trouble settling it off, either with new capital or with free cash flow. So, CNX Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like CNX Resources Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for CNX to invest in growth at high rates of return. When we think about CNX Resources' use of debt, we should always consider it together with cash and equity. | |
| CNX Resources Corp has a poor financial position based on the latest SEC disclosures | |
| Over 96.0% of CNX Resources shares are held by institutions such as insurance companies | |
| Latest headline from simplywall.st: Bullish CNX Resources Insiders Loaded Up On US5.80m Of Stock |
CNX Resources 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 CNX Stock often depends not only on the future outlook of the current and potential CNX Resources' 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. CNX Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 192 M | |
| Cash And Short Term Investments | 443 K |
CNX Resources Technical Analysis
CNX Resources' future price can be derived by breaking down and analyzing its technical indicators over time. CNX Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of CNX Resources Corp. In general, you should focus on analyzing CNX Stock price patterns and their correlations with different microeconomic environments and drivers.
CNX Resources Predictive Forecast Models
CNX Resources' time-series forecasting models is one of many CNX Resources' 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 CNX Resources' 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 CNX Resources Corp
Checking the ongoing alerts about CNX Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for CNX Resources Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company has 2.37 B in debt with debt to equity (D/E) ratio of 0.96, which is OK given its current industry classification. CNX Resources Corp has a current ratio of 0.29, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist CNX Resources until it has trouble settling it off, either with new capital or with free cash flow. So, CNX Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like CNX Resources Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for CNX to invest in growth at high rates of return. When we think about CNX Resources' use of debt, we should always consider it together with cash and equity. | |
| CNX Resources Corp has a poor financial position based on the latest SEC disclosures | |
| Over 96.0% of CNX Resources shares are held by institutions such as insurance companies | |
| Latest headline from simplywall.st: Bullish CNX Resources Insiders Loaded Up On US5.80m Of Stock |
Check out CNX Resources Backtesting, CNX Resources Valuation, CNX Resources Correlation, CNX Resources Hype Analysis, CNX Resources Volatility, CNX Resources History as well as CNX Resources Performance. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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When running CNX Resources' price analysis, check to measure CNX Resources' 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 CNX Resources is operating at the current time. Most of CNX Resources' value examination focuses on studying past and present price action to predict the probability of CNX Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CNX Resources' price. Additionally, you may evaluate how the addition of CNX Resources to your portfolios can decrease your overall portfolio volatility.
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Is CNX Resources' industry 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 CNX Resources. If investors know CNX 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 CNX Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.99) | Earnings Share 5.42 | Revenue Per Share 8.353 | Quarterly Revenue Growth (0.27) | Return On Assets 0.0992 |
The market value of CNX Resources Corp is measured differently than its book value, which is the value of CNX that is recorded on the company's balance sheet. Investors also form their own opinion of CNX Resources' value that differs from its market value or its book value, called intrinsic value, which is CNX Resources' 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 CNX Resources' market value can be influenced by many factors that don't directly affect CNX Resources' 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 CNX Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if CNX Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CNX Resources' 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.