Nortech Systems Incorporated Stock Probability of Future Stock Price Finishing Under 11.47
| NSYS Stock | USD 11.78 0.14 1.20% |
Nortech |
Nortech Systems Target Price Odds to finish below 11.47
The tendency of Nortech 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 drop to $ 11.47 or more in 90 days |
| 11.78 | 90 days | 11.47 | about 14.79 |
Based on a normal probability distribution, the odds of Nortech Systems to drop to $ 11.47 or more in 90 days from now is about 14.79 (This Nortech Systems Incorporated probability density function shows the probability of Nortech Stock to fall within a particular range of prices over 90 days) . Probability of Nortech Systems price to stay between $ 11.47 and its current price of $11.78 at the end of the 90-day period is under 4.
Given the investment horizon of 90 days Nortech Systems has a beta of 0.17. This indicates as returns on the market go up, Nortech Systems average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nortech Systems Incorporated will be expected to be much smaller as well. Additionally Nortech Systems Incorporated has an alpha of 0.0654, implying that it can generate a 0.0654 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Nortech Systems Price Density |
| Price |
Predictive Modules for Nortech Systems
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nortech Systems. 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 Nortech Systems' 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.
Nortech Systems Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nortech Systems is not an exception. The market had few large corrections towards the Nortech Systems' 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 Nortech Systems Incorporated, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nortech Systems within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.07 | |
β | Beta against NYSE Composite | 0.17 | |
σ | Overall volatility | 2.34 | |
Ir | Information ratio | 0 |
Nortech Systems 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 Nortech Systems for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nortech Systems can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nortech Systems had very high historical volatility over the last 90 days | |
| Nortech Systems is unlikely to experience financial distress in the next 2 years | |
| About 65.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from finance.yahoo.com: Nortech Systems to expand operations at Bemidji plant |
Nortech Systems 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 Nortech Stock often depends not only on the future outlook of the current and potential Nortech Systems' 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. Nortech Systems' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 2.9 M | |
| Cash And Short Term Investments | 1.7 M |
Nortech Systems Technical Analysis
Nortech Systems' future price can be derived by breaking down and analyzing its technical indicators over time. Nortech Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nortech Systems Incorporated. In general, you should focus on analyzing Nortech Stock price patterns and their correlations with different microeconomic environments and drivers.
Nortech Systems Predictive Forecast Models
Nortech Systems' time-series forecasting models is one of many Nortech Systems' 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 Nortech Systems' 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 Nortech Systems
Checking the ongoing alerts about Nortech Systems for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nortech Systems help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nortech Systems had very high historical volatility over the last 90 days | |
| Nortech Systems is unlikely to experience financial distress in the next 2 years | |
| About 65.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from finance.yahoo.com: Nortech Systems to expand operations at Bemidji plant |
Check out Nortech Systems Backtesting, Nortech Systems Valuation, Nortech Systems Correlation, Nortech Systems Hype Analysis, Nortech Systems Volatility, Nortech Systems History as well as Nortech Systems Performance. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Nortech Stock analysis
When running Nortech Systems' price analysis, check to measure Nortech Systems' 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 Nortech Systems is operating at the current time. Most of Nortech Systems' value examination focuses on studying past and present price action to predict the probability of Nortech Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nortech Systems' price. Additionally, you may evaluate how the addition of Nortech Systems to your portfolios can decrease your overall portfolio volatility.
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Is Nortech Systems' 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 Nortech Systems. If investors know Nortech 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 Nortech Systems 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 (0.21) | Earnings Share 2.38 | Revenue Per Share 51.185 | Quarterly Revenue Growth 0.012 | Return On Assets 0.0514 |
The market value of Nortech Systems is measured differently than its book value, which is the value of Nortech that is recorded on the company's balance sheet. Investors also form their own opinion of Nortech Systems' value that differs from its market value or its book value, called intrinsic value, which is Nortech Systems' 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 Nortech Systems' market value can be influenced by many factors that don't directly affect Nortech Systems' 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 Nortech Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nortech Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nortech Systems' 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.