Nike Inc Stock Chance of Future Stock Price Finishing Under 76.19
| NKE Stock | USD 94.84 1.45 1.55% |
Closest to current price Nike long CALL Option Payoff at Expiration
Nike |
Nike Target Price Odds to finish below 76.19
The tendency of Nike 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 $ 76.19 or more in 90 days |
| 94.84 | 90 days | 76.19 | near 1 |
Based on a normal probability distribution, the odds of Nike to drop to $ 76.19 or more in 90 days from now is near 1 (This Nike Inc probability density function shows the probability of Nike Stock to fall within a particular range of prices over 90 days) . Probability of Nike Inc price to stay between $ 76.19 and its current price of $94.84 at the end of the 90-day period is about 18.89 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.12 . This indicates Nike Inc market returns are highly-sensitive to returns on the market. As the market goes up or down, Nike is expected to follow. Additionally Nike Inc has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Nike Price Density |
| Price |
Predictive Modules for Nike
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nike Inc. 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 Nike's 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.
Nike Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nike is not an exception. The market had few large corrections towards the Nike's 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 Nike Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nike within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.2 | |
β | Beta against NYSE Composite | 1.12 | |
σ | Overall volatility | 4.98 | |
Ir | Information ratio | -0.12 |
Nike 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 Nike for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nike Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nike Inc generated a negative expected return over the last 90 days | |
| Over 83.0% of the company shares are owned by institutional investors | |
| On 1st of April 2024 Nike paid $ 0.37 per share dividend to its current shareholders | |
| Latest headline from benzinga.com: Caitlin Clark Will Make 76,000 A Year At The WNBA Journalist Asks Is This Even A Living Wage |
Nike 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 Nike Stock often depends not only on the future outlook of the current and potential Nike's 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. Nike's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.6 B | |
| Cash And Short Term Investments | 10.7 B |
Nike Technical Analysis
Nike's future price can be derived by breaking down and analyzing its technical indicators over time. Nike Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nike Inc. In general, you should focus on analyzing Nike Stock price patterns and their correlations with different microeconomic environments and drivers.
Nike Predictive Forecast Models
Nike's time-series forecasting models is one of many Nike's 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 Nike's 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 Nike Inc
Checking the ongoing alerts about Nike for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nike Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nike Inc generated a negative expected return over the last 90 days | |
| Over 83.0% of the company shares are owned by institutional investors | |
| On 1st of April 2024 Nike paid $ 0.37 per share dividend to its current shareholders | |
| Latest headline from benzinga.com: Caitlin Clark Will Make 76,000 A Year At The WNBA Journalist Asks Is This Even A Living Wage |
Check out Nike Backtesting, Nike Valuation, Nike Correlation, Nike Hype Analysis, Nike Volatility, Nike History as well as Nike Performance. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Nike Stock analysis
When running Nike's price analysis, check to measure Nike's 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 Nike is operating at the current time. Most of Nike's value examination focuses on studying past and present price action to predict the probability of Nike's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nike's price. Additionally, you may evaluate how the addition of Nike to your portfolios can decrease your overall portfolio volatility.
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios |
Is Nike's 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 Nike. If investors know Nike 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 Nike 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 (0.03) | Dividend Share 1.42 | Earnings Share 3.4 | Revenue Per Share 33.831 | Quarterly Revenue Growth 0.003 |
The market value of Nike Inc is measured differently than its book value, which is the value of Nike that is recorded on the company's balance sheet. Investors also form their own opinion of Nike's value that differs from its market value or its book value, called intrinsic value, which is Nike's 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 Nike's market value can be influenced by many factors that don't directly affect Nike's 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 Nike's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nike is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nike's 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.