Nexteer Automotive Group Stock Price on May 29, 2024
| NTXVF Stock | USD 0.39 0.00 0.00% |
If you're considering investing in Nexteer Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Nexteer Automotive stands at 0.39, as last reported on the 1st of December, with the highest price reaching 0.39 and the lowest price hitting 0.39 during the day. Nexteer Automotive appears to be abnormally volatile, given 3 months investment horizon. Nexteer Automotive has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Nexteer Automotive, which you can use to evaluate the volatility of the firm. Please exercise Nexteer Automotive's Risk Adjusted Performance of 0.0976, standard deviation of 2.35, and Mean Deviation of 0.8681 to check out if our risk estimates are consistent with your expectations.
Nexteer Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Nexteer |
Sharpe Ratio = 0.1208
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Estimated Market Risk
| 2.38 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.29 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Nexteer Automotive is performing at about 9% of its full potential. 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 Nexteer Automotive by adding it to a well-diversified portfolio.
Nexteer Automotive Valuation on May 29, 2024
It is possible to determine the worth of Nexteer Automotive on a given historical date. On May 29, 2024 Nexteer was worth 0.5 at the beginning of the trading date compared to the closed value of 0.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nexteer Automotive pink sheet. Still, in general, we apply an absolute valuation method to find Nexteer Automotive's 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 Nexteer Automotive where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nexteer Automotive's related companies.
| Open | High | Low | Close | Volume | |
| 0.50 | 0.50 | 0.50 | 0.50 | 1.00 | |
05/29/2024 | 0.50 | 0.50 | 0.50 | 0.50 | 1.00 |
| 0.50 | 0.50 | 0.50 | 0.50 | 1,200 |
| Backtest Nexteer Automotive | | | Nexteer Automotive History | | | Nexteer Automotive Valuation | Previous | Next |
Nexteer Automotive Trading Date Momentum on May 29, 2024
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.Nexteer Automotive Fundamentals Correlations and Trends
By evaluating Nexteer Automotive's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nexteer Automotive's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nexteer financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nexteer Automotive Pink Sheet history
Nexteer Automotive 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 Nexteer is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nexteer Automotive 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 Nexteer Automotive stock prices may prove useful in developing a viable investing in Nexteer Automotive
Nexteer Automotive Group Limited, an investment holding company, designs, develops, manufactures, and distributes steering and driveline systems and components for automobile manufacturers and other automotive-related companies. Nexteer Automotive Group Limited is a subsidiary of Nexteer Automotive Holdings Limited. Nexteer Automotive operates under Auto Parts classification in the United States and is traded on OTC Exchange. It employs 12100 people.
Nexteer Automotive Pink Sheet Technical Analysis
Nexteer Automotive technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Nexteer Automotive Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Nexteer Automotive Group cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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.
Nexteer Automotive December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Nexteer Automotive pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nexteer Automotive shares will generate the highest return on investment. By undertsting and applying Nexteer Automotive pink sheet market strength indicators, traders can identify Nexteer Automotive Group entry and exit signals to maximize returns
Nexteer Automotive Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nexteer Automotive's price direction in advance. Along with the technical and fundamental analysis of Nexteer Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nexteer 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 | 0.0976 | |||
| Jensen Alpha | 0.2769 | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (4.37) |
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Complementary Tools for Nexteer Pink Sheet analysis
When running Nexteer Automotive's price analysis, check to measure Nexteer Automotive'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 Nexteer Automotive is operating at the current time. Most of Nexteer Automotive's value examination focuses on studying past and present price action to predict the probability of Nexteer Automotive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nexteer Automotive's price. Additionally, you may evaluate how the addition of Nexteer Automotive to your portfolios can decrease your overall portfolio volatility.
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