Nextego Nv Ordinary Stock Beta
| EGOX Stock | 0.0001 0.00 0.00% |
NexteGO NV Ordinary fundamentals help investors to digest information that contributes to NexteGO NV's financial success or failures. It also enables traders to predict the movement of NexteGO Stock. The fundamental analysis module provides a way to measure NexteGO NV's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to NexteGO NV stock.
NexteGO |
NexteGO NV Ordinary Company Beta Analysis
NexteGO NV's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
NexteGO Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for NexteGO NV is extremely important. It helps to project a fair market value of NexteGO Stock properly, considering its historical fundamentals such as Beta. Since NexteGO NV's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of NexteGO NV's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of NexteGO NV's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, NexteGO NV Ordinary has a Beta of 0.0. This is 100.0% lower than that of the Automobiles sector and 100.0% lower than that of the Consumer Discretionary industry. The beta for all United States stocks is 100.0% lower than that of the firm.
NexteGO Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NexteGO NV's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of NexteGO NV could also be used in its relative valuation, which is a method of valuing NexteGO NV by comparing valuation metrics of similar companies.NexteGO NV is currently under evaluation in beta category among its peers.
NexteGO Fundamentals
| Current Valuation | 160.64 M | |||
| Shares Outstanding | 94.39 M | |||
| Number Of Shares Shorted | 751.74 K | |||
| Price To Sales | 0.0002 X | |||
| Revenue | 5.71 M | |||
| EBITDA | (45.58 M) | |||
| Net Income | (57.71 M) | |||
| Total Debt | 87.6 M | |||
| Cash Flow From Operations | (26.77 M) | |||
| Market Capitalization | 2.89 M | |||
| Total Asset | 244.26 M | |||
| Retained Earnings | 21.5 M | |||
| Working Capital | (59.8 M) | |||
| Net Asset | 244.26 M |
About NexteGO NV Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NexteGO NV Ordinary's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NexteGO NV using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NexteGO NV Ordinary based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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When running NexteGO NV's price analysis, check to measure NexteGO NV'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 NexteGO NV is operating at the current time. Most of NexteGO NV's value examination focuses on studying past and present price action to predict the probability of NexteGO NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NexteGO NV's price. Additionally, you may evaluate how the addition of NexteGO NV to your portfolios can decrease your overall portfolio volatility.