Next Biometrics (Norway) Price on November 29, 2024
NEXT Stock | NOK 6.40 0.08 1.23% |
If you're considering investing in Next Stock, it is important to understand the factors that can impact its price. As of today, the current price of Next Biometrics stands at 6.40, as last reported on the 4th of December, with the highest price reaching 6.54 and the lowest price hitting 6.28 during the day. Next Biometrics Group has Sharpe Ratio of -0.16, which conveys that the firm had a -0.16% return per unit of risk over the last 3 months. Next Biometrics exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Next Biometrics' Standard Deviation of 1.92, risk adjusted performance of (0.12), and Mean Deviation of 1.38 to check out the risk estimate we provide.
Next Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Next |
Sharpe Ratio = -0.1553
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Estimated Market Risk
1.94 actual daily | 17 83% of assets are more volatile |
Expected Return
-0.3 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Next Biometrics is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Next Biometrics by adding Next Biometrics to a well-diversified portfolio.
Next Biometrics Valuation on November 29, 2024
It is possible to determine the worth of Next Biometrics on a given historical date. On November 29, 2024 Next was worth 6.7 at the beginning of the trading date compared to the closed value of 6.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Next Biometrics stock. Still, in general, we apply an absolute valuation method to find Next Biometrics' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Next Biometrics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Next Biometrics' related companies.
Open | High | Low | Close | Volume | |
6.78 | 6.78 | 6.56 | 6.64 | 56,323 | |
11/29/2024 | 6.70 | 6.70 | 6.48 | 6.60 | 126,224 |
6.60 | 6.60 | 6.36 | 6.48 | 200,251 |
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Next Biometrics Trading Date Momentum on November 29, 2024
On December 02 2024 Next Biometrics Group was traded for 6.48 at the closing time. The highest price during the trading period was 6.60 and the lowest recorded bid was listed for 6.36 . The volume for the day was 200.3 K. This history from December 2, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.82% . The trading delta at closing time to the current price is 0.91% . |
Next Biometrics Group Fundamentals Correlations and Trends
By evaluating Next Biometrics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Next Biometrics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Next financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Next Biometrics Stock history
Next Biometrics investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Next is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Next Biometrics Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Next Biometrics stock prices may prove useful in developing a viable investing in Next Biometrics
NEXT Biometrics Group ASA, through its subsidiaries, engages in the research, development, manufacture, and commercialization of fingerprint technology and products in Asia. The company serves industrial and commercial users of electronic components and enterprise computing solutions. NEXT BIOMETRICS operates under Software Providers classification in Norway and is traded on Oslo Stock Exchange. It employs 90 people.
Next Biometrics Stock Technical Analysis
Next Biometrics technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Next Biometrics Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Next Biometrics Group cannot be verified against its exchange. Please verify the symbol is currently traded on Oslo Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Next Biometrics December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Next Biometrics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Next Biometrics shares will generate the highest return on investment. By undertsting and applying Next Biometrics stock market strength indicators, traders can identify Next Biometrics Group entry and exit signals to maximize returns
Next Biometrics Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Next Biometrics' price direction in advance. Along with the technical and fundamental analysis of Next Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Next to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.12) | |||
Jensen Alpha | (0.31) | |||
Total Risk Alpha | (0.58) | |||
Treynor Ratio | 2.4 |
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Other Information on Investing in Next Stock
Next Biometrics financial ratios help investors to determine whether Next Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Next with respect to the benefits of owning Next Biometrics security.