Nextnav Warrant Stock Beta
| NNAVW Stock | USD 6.28 0.45 7.72% |
NextNav Warrant fundamentals help investors to digest information that contributes to NextNav Warrant'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 Warrant'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 Warrant stock.
NextNav | Beta |
NextNav Warrant Company Beta Analysis
NextNav Warrant'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.
Current NextNav Warrant Beta | 0.95 |
Most of NextNav Warrant's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, NextNav Warrant is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
NextNav Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for NextNav Warrant is extremely important. It helps to project a fair market value of NextNav Stock properly, considering its historical fundamentals such as Beta. Since NextNav Warrant'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 Warrant'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 Warrant's interrelated accounts and indicators.
Click cells to compare fundamentals
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.
| Competition |
In accordance with the recently published financial statements, NextNav Warrant has a Beta of 0.949. This is 25.86% lower than that of the Entertainment sector and significantly higher than that of the Communication Services industry. The beta for all United States stocks is notably lower than that of the firm.
NextNav Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NextNav Warrant'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 NextNav Warrant could also be used in its relative valuation, which is a method of valuing NextNav Warrant by comparing valuation metrics of similar companies.NextNav Warrant is currently under evaluation in beta category among its peers.
NextNav Warrant 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 Warrant's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to NextNav Warrant's managers, analysts, and investors.Environmental | Governance | Social |
NextNav Warrant returns are very sensitive to returns on the market. As the market goes up or down, NextNav Warrant is expected to follow.
NextNav Fundamentals
| Return On Equity | -1.15 | ||||
| Return On Asset | -0.24 | ||||
| Operating Margin | (8.62) % | ||||
| Number Of Shares Shorted | 10 K | ||||
| Revenue | 3.86 M | ||||
| EBITDA | (58.71 M) | ||||
| Net Income | (71.73 M) | ||||
| Cash And Equivalents | 141.51 K | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 66.11 M | ||||
| Debt To Equity | 0.06 % | ||||
| Current Ratio | 12.13 X | ||||
| Book Value Per Share | 0.51 X | ||||
| Cash Flow From Operations | (35.44 M) | ||||
| Earnings Per Share | (1.37) X | ||||
| Number Of Employees | 111 | ||||
| Beta | 0.95 | ||||
| Total Asset | 162.16 M | ||||
| Retained Earnings | (760.23 M) | ||||
| Working Capital | 81.42 M | ||||
| Net Asset | 162.16 M |
About NextNav Warrant Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NextNav Warrant's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NextNav Warrant using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NextNav Warrant 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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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for NextNav Stock Analysis
When running NextNav Warrant's price analysis, check to measure NextNav Warrant'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 NextNav Warrant is operating at the current time. Most of NextNav Warrant's value examination focuses on studying past and present price action to predict the probability of NextNav Warrant's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NextNav Warrant's price. Additionally, you may evaluate how the addition of NextNav Warrant to your portfolios can decrease your overall portfolio volatility.