NEXG11 (Brazil) Performance
| NEXG11 Stock | 126.00 1.00 0.80% |
NEXG11 has a performance score of 22 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0553, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NEXG11's returns are expected to increase less than the market. However, during the bear market, the loss of holding NEXG11 is expected to be smaller as well. NEXG11 currently secures a risk of 0.65%. Please verify NEXG11 value at risk, downside variance, expected short fall, as well as the relationship between the potential upside and semi variance , to decide if NEXG11 will be following its current price movements.
Risk-Adjusted Performance
22 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in NEXG11 are ranked lower than 22 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, NEXG11 may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
NEXG11 |
NEXG11 Relative Risk vs. Return Landscape
If you would invest 11,221 in NEXG11 on September 19, 2024 and sell it today you would earn a total of 1,379 from holding NEXG11 or generate 12.29% return on investment over 90 days. NEXG11 is generating 0.1892% of daily returns and assumes 0.6523% volatility on return distribution over the 90 days horizon. Simply put, 5% of stocks are less volatile than NEXG11, and 97% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
NEXG11 Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEXG11's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as NEXG11, and traders can use it to determine the average amount a NEXG11's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.29
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Estimated Market Risk
| 0.65 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.29 actual daily | 22 78% of assets perform better |
Based on monthly moving average NEXG11 is performing at about 22% 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 NEXG11 by adding it to a well-diversified portfolio.
Things to note about NEXG11 performance evaluation
Checking the ongoing alerts about NEXG11 for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for NEXG11 help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating NEXG11's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate NEXG11's stock performance include:- Analyzing NEXG11's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether NEXG11's stock is overvalued or undervalued compared to its peers.
- Examining NEXG11's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating NEXG11's management team can have a significant impact on its success or failure. Reviewing the track record and experience of NEXG11's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of NEXG11's stock. These opinions can provide insight into NEXG11's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for NEXG11 Stock analysis
When running NEXG11's price analysis, check to measure NEXG11'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 NEXG11 is operating at the current time. Most of NEXG11's value examination focuses on studying past and present price action to predict the probability of NEXG11's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NEXG11's price. Additionally, you may evaluate how the addition of NEXG11 to your portfolios can decrease your overall portfolio volatility.
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