Nextplay Technologies Probability of Future Pink Sheet Price Finishing Over 0.4
| NXTPDelisted Stock | USD 0.40 0.35 700.00% |
Nextplay |
Nextplay Technologies Target Price Odds to finish over 0.4
The tendency of Nextplay Pink Sheet 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 |
| 0.40 | 90 days | 0.40 | over 95.49 |
Based on a normal probability distribution, the odds of Nextplay Technologies to move above the current price in 90 days from now is over 95.49 (This Nextplay Technologies probability density function shows the probability of Nextplay Pink Sheet to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Nextplay Technologies has a beta of -3.14. This indicates as returns on its benchmark rise, returns on holding Nextplay Technologies are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Nextplay Technologies is expected to outperform its benchmark. In addition to that Nextplay Technologies has an alpha of 7.1726, implying that it can generate a 7.17 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Nextplay Technologies Price Density |
| Price |
Predictive Modules for Nextplay Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nextplay Technologies. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 Nextplay Technologies' 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.
Nextplay Technologies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nextplay Technologies is not an exception. The market had few large corrections towards the Nextplay Technologies' 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 Nextplay Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nextplay Technologies within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 7.17 | |
β | Beta against NYSE Composite | -3.14 | |
σ | Overall volatility | 0.36 | |
Ir | Information ratio | 0.08 |
Nextplay Technologies 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 Nextplay Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nextplay Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nextplay Technologies is way too risky over 90 days horizon | |
| Nextplay Technologies has some characteristics of a very speculative penny stock | |
| Nextplay Technologies appears to be risky and price may revert if volatility continues | |
| Nextplay Technologies has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 8.2 M. Net Loss for the year was (37.97 M) with profit before overhead, payroll, taxes, and interest of 5.86 M. | |
| Nextplay Technologies currently holds about 3.03 M in cash with (22.03 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. | |
| Roughly 61.0% of the company outstanding shares are owned by corporate insiders |
Nextplay Technologies 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 Nextplay Pink Sheet often depends not only on the future outlook of the current and potential Nextplay Technologies' 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. Nextplay Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 5.7 M |
Nextplay Technologies Technical Analysis
Nextplay Technologies' future price can be derived by breaking down and analyzing its technical indicators over time. Nextplay Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nextplay Technologies. In general, you should focus on analyzing Nextplay Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Nextplay Technologies Predictive Forecast Models
Nextplay Technologies' time-series forecasting models is one of many Nextplay Technologies' pink sheet 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 Nextplay Technologies' 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 pink sheet market movement and maximize returns from investment trading.
Things to note about Nextplay Technologies
Checking the ongoing alerts about Nextplay Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nextplay Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nextplay Technologies is way too risky over 90 days horizon | |
| Nextplay Technologies has some characteristics of a very speculative penny stock | |
| Nextplay Technologies appears to be risky and price may revert if volatility continues | |
| Nextplay Technologies has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 8.2 M. Net Loss for the year was (37.97 M) with profit before overhead, payroll, taxes, and interest of 5.86 M. | |
| Nextplay Technologies currently holds about 3.03 M in cash with (22.03 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. | |
| Roughly 61.0% of the company outstanding shares are owned by corporate insiders |
Check out Nextplay Technologies Backtesting, Nextplay Technologies Valuation, Nextplay Technologies Correlation, Nextplay Technologies Hype Analysis, Nextplay Technologies Volatility, Nextplay Technologies History as well as Nextplay Technologies Performance. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Other Consideration for investing in Nextplay Pink Sheet
If you are still planning to invest in Nextplay Technologies check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Nextplay Technologies' history and understand the potential risks before investing.
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