Nextnav Acquisition Corp Stock Equity Positions Weight
| NN Stock | USD 17.39 0.66 3.95% |
Nextnav Acquisition Corp fundamentals help investors to digest information that contributes to Nextnav Acquisition's financial success or failures. It also enables traders to predict the movement of Nextnav Stock. The fundamental analysis module provides a way to measure Nextnav Acquisition'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 Nextnav Acquisition stock.
Nextnav | Equity Positions Weight |
Nextnav Acquisition Corp Company Equity Positions Weight Analysis
Nextnav Acquisition's Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
More About Equity Positions Weight | All Equity Analysis
Stock Percentage | = | % of Equities | in the fund |
Nextnav Equity Positions Weight Driver Correlations
Understanding the fundamental principles of building solid financial models for Nextnav Acquisition is extremely important. It helps to project a fair market value of Nextnav Stock properly, considering its historical fundamentals such as Equity Positions Weight. Since Nextnav Acquisition'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 Nextnav Acquisition'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 Nextnav Acquisition's interrelated accounts and indicators.
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Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
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According to the company disclosure, Nextnav Acquisition Corp has an Equity Positions Weight of 0.0%. This indicator is about the same for the Software average (which is currently at 0.0) sector and about the same as Information Technology (which currently averages 0.0) industry. This indicator is about the same for all United States stocks average (which is currently at 0.0).
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Nextnav Acquisition ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Nextnav Acquisition's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Nextnav Acquisition's managers, analysts, and investors.Environmental | Governance | Social |
Nextnav Fundamentals
| Return On Equity | -1.15 | ||||
| Return On Asset | -0.24 | ||||
| Operating Margin | (8.62) % | ||||
| Current Valuation | 2.14 B | ||||
| Shares Outstanding | 128.87 M | ||||
| Shares Owned By Insiders | 36.17 % | ||||
| Shares Owned By Institutions | 53.93 % | ||||
| Number Of Shares Shorted | 13.68 M | ||||
| Price To Book | 32.88 X | ||||
| Price To Sales | 434.40 X | ||||
| Revenue | 3.86 M | ||||
| Gross Profit | (7.88 M) | ||||
| EBITDA | (58.71 M) | ||||
| Net Income | (71.73 M) | ||||
| Cash And Equivalents | 82.52 M | ||||
| Cash Per Share | 0.81 X | ||||
| Total Debt | 66.11 M | ||||
| Debt To Equity | 0.08 % | ||||
| Current Ratio | 11.15 X | ||||
| Book Value Per Share | 0.51 X | ||||
| Cash Flow From Operations | (35.44 M) | ||||
| Short Ratio | 11.65 X | ||||
| Earnings Per Share | (0.74) X | ||||
| Target Price | 20.0 | ||||
| Number Of Employees | 111 | ||||
| Beta | 0.95 | ||||
| Market Capitalization | 2.16 B | ||||
| Total Asset | 162.16 M | ||||
| Retained Earnings | (760.23 M) | ||||
| Working Capital | 81.42 M | ||||
| Net Asset | 162.16 M |
About Nextnav Acquisition Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nextnav Acquisition Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nextnav Acquisition using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nextnav Acquisition Corp 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.
Pair Trading with Nextnav Acquisition
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nextnav Acquisition position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nextnav Acquisition will appreciate offsetting losses from the drop in the long position's value.Moving together with Nextnav Stock
Moving against Nextnav Stock
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| 0.64 | VRNS | Varonis Systems | PairCorr |
| 0.58 | VRAR | Glimpse Group | PairCorr |
| 0.49 | VERI | Veritone | PairCorr |
The ability to find closely correlated positions to Nextnav Acquisition could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nextnav Acquisition when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nextnav Acquisition - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nextnav Acquisition Corp to buy it.
The correlation of Nextnav Acquisition is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nextnav Acquisition moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nextnav Acquisition Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nextnav Acquisition can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Nextnav Acquisition Piotroski F Score and Nextnav Acquisition Altman Z Score analysis. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nextnav Acquisition. If investors know Nextnav will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nextnav Acquisition listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.74) | Revenue Per Share 0.043 | Quarterly Revenue Growth 0.565 | Return On Assets (0.24) | Return On Equity (1.15) |
The market value of Nextnav Acquisition Corp is measured differently than its book value, which is the value of Nextnav that is recorded on the company's balance sheet. Investors also form their own opinion of Nextnav Acquisition's value that differs from its market value or its book value, called intrinsic value, which is Nextnav Acquisition's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nextnav Acquisition's market value can be influenced by many factors that don't directly affect Nextnav Acquisition's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nextnav Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nextnav Acquisition is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nextnav Acquisition's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.