NXDR Net Income from 2010 to 2025
| NXDR Stock | 2.14 0.04 1.83% |
Net Loss | First Reported 2020-03-31 | Previous Quarter -15.4 M | Current Value -12.9 M | Quarterly Volatility 9.6 M |
Check NXDR financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NXDR's main balance sheet or income statement drivers, such as Depreciation And Amortization of 4.5 M, Selling General Administrative of 62.3 M or Selling And Marketing Expenses of 113.8 M, as well as many indicators such as Price To Sales Ratio of 3.51, Dividend Yield of 0.0 or PTB Ratio of 2.11. NXDR financial statements analysis is a perfect complement when working with NXDR Valuation or Volatility modules.
NXDR | Net Income | Build AI portfolio with NXDR Stock |
Pair Trading with NXDR
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NXDR position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NXDR will appreciate offsetting losses from the drop in the long position's value.Moving against NXDR Stock
| 0.56 | 300598 | ArcherMind Technology | PairCorr |
| 0.51 | 300605 | HengFeng Information | PairCorr |
| 0.51 | GNIP | GenIP PLC | PairCorr |
| 0.44 | 600476 | Hunan Copote Science | PairCorr |
The ability to find closely correlated positions to NXDR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NXDR when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NXDR - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NXDR to buy it.
The correlation of NXDR is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NXDR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NXDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NXDR can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for NXDR Stock Analysis
When running NXDR's price analysis, check to measure NXDR'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 NXDR is operating at the current time. Most of NXDR's value examination focuses on studying past and present price action to predict the probability of NXDR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NXDR's price. Additionally, you may evaluate how the addition of NXDR to your portfolios can decrease your overall portfolio volatility.