Nexe Innovations Stock Performance
| NEXNF Stock | USD 0.30 0.01 3.23% |
On a scale of 0 to 100, NEXE Innovations holds a performance score of 10. The company secures a Beta (Market Risk) of -0.75, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning NEXE Innovations are expected to decrease at a much lower rate. During the bear market, NEXE Innovations is likely to outperform the market. Please check NEXE Innovations' downside variance and the relationship between the kurtosis and period momentum indicator , to make a quick decision on whether NEXE Innovations' current price movements will revert.
Risk-Adjusted Performance
10 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in NEXE Innovations are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, NEXE Innovations reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 50.5 M | |
| Total Cashflows From Investing Activities | -23.8 M | |
| Free Cash Flow | -18.7 M |
NEXE |
NEXE Innovations Relative Risk vs. Return Landscape
If you would invest 20.00 in NEXE Innovations on August 29, 2024 and sell it today you would earn a total of 10.00 from holding NEXE Innovations or generate 50.0% return on investment over 90 days. NEXE Innovations is currently producing 0.806% returns and takes up 5.8% volatility of returns over 90 trading days. Put another way, 51% of traded otc stocks are less volatile than NEXE, and 84% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
NEXE Innovations Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEXE Innovations' investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as NEXE Innovations, and traders can use it to determine the average amount a NEXE Innovations' 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 = 0.139
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | NEXNF | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 5.8 actual daily | 51 51% of assets are less volatile |
Expected Return
| 0.81 actual daily | 16 84% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average NEXE Innovations is performing at about 10% 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 NEXE Innovations by adding it to a well-diversified portfolio.
NEXE Innovations Fundamentals Growth
NEXE OTC Stock prices reflect investors' perceptions of the future prospects and financial health of NEXE Innovations, and NEXE Innovations fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on NEXE OTC Stock performance.
| Return On Equity | -0.14 | |||
| Return On Asset | -0.095 | |||
| Operating Margin | (119.46) % | |||
| Current Valuation | 3.47 M | |||
| Shares Outstanding | 97.29 M | |||
| Price To Book | 0.66 X | |||
| Price To Sales | 357.21 X | |||
| Revenue | 26.99 K | |||
| EBITDA | (7.36 M) | |||
| Cash And Equivalents | 32.43 M | |||
| Cash Per Share | 0.34 X | |||
| Total Debt | 985.41 K | |||
| Debt To Equity | 0.04 % | |||
| Book Value Per Share | 0.44 X | |||
| Cash Flow From Operations | (9.99 M) | |||
| Earnings Per Share | (0.12) X | |||
| Total Asset | 49.17 M | |||
About NEXE Innovations Performance
By analyzing NEXE Innovations' fundamental ratios, stakeholders can gain valuable insights into NEXE Innovations' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if NEXE Innovations has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if NEXE Innovations has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
NEXE Innovations Inc. designs, develops, manufactures, and sells plant-based single-serve coffee pods for use in single-serve coffee machines. The company was founded in 2015 and is headquartered in Surrey, Canada. Nexe Innovations is traded on OTC Exchange in the United States.Things to note about NEXE Innovations performance evaluation
Checking the ongoing alerts about NEXE Innovations for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for NEXE Innovations help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| NEXE Innovations is way too risky over 90 days horizon | |
| NEXE Innovations has some characteristics of a very speculative penny stock | |
| NEXE Innovations appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 26.99 K. Net Loss for the year was (8.34 M) with loss before overhead, payroll, taxes, and interest of (204.72 K). | |
| NEXE Innovations has accumulated about 32.43 M in cash with (9.99 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.34, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 14.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing NEXE Innovations' 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 NEXE Innovations' stock is overvalued or undervalued compared to its peers.
- Examining NEXE Innovations' 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 NEXE Innovations' management team can have a significant impact on its success or failure. Reviewing the track record and experience of NEXE Innovations' management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of NEXE Innovations' otc stock. These opinions can provide insight into NEXE Innovations' potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for NEXE OTC Stock analysis
When running NEXE Innovations' price analysis, check to measure NEXE Innovations' 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 NEXE Innovations is operating at the current time. Most of NEXE Innovations' value examination focuses on studying past and present price action to predict the probability of NEXE Innovations' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NEXE Innovations' price. Additionally, you may evaluate how the addition of NEXE Innovations to your portfolios can decrease your overall portfolio volatility.
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios |