The company secures Beta (Market Risk) of 0.8643 which conveys that NIO returns are very sensitive to returns on the market. as market goes up or down, NIO is expected to follow. Even though it is essential to pay attention to NIO price patterns
, it is always good to be careful when utilizing equity historical price patterns
. Macroaxis approach towards estimating future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators
. NIO exposes twenty-one different technical indicators which can help you to evaluate its performance. NIO
has expected return of -0.6344%. Please be advised to verify NIO Standard Deviation
, Maximum Drawdown
as well as the relationship
between Maximum Drawdown and Expected Short fall
to decide if NIO
past performance will be repeated at future time.
Over the last 30 days NIO has generated negative risk-adjusted returns adding no value to investors with long positions. Allthough unsteady performance in the last few months, the Stock's forward indicators remain quite persistent which may send shares a bit higher in November 2019. The existing mess may also be a sign of long standing up-swing for the corporation partners.
|Fifty Two Week Low||1.1900|
|Target High Price||12.67|
|Fifty Two Week High||10.6400|
|Target Low Price||0.91|