By analyzing existing basic indicators between Nxt Id and Allegion, you can compare the effects of market volatilities on both companies' prices and check if they can diversify away market risk if combined in one of your portfolios. You can also utilize pair trading strategies for matching a long position in Allegion with a short position in Nxt Id. Check out our
pair correlation module for more information.
Let's begin by analyzing the assets.
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Nxt Id has an asset utilization ratio of 203.33 percent. This indicates that the company is making $2.03 for each dollar of assets. An increasing asset utilization means that Nxt-Id Inc is more efficient with each dollar of assets it utilizes for everyday operations.
Out of tens of thousands of stocks, funds, and ETFs that trade on global exchanges each represent an individual company which you can analyze using comparative analysis. To determine which one of the two entities, such as Nxt or Snap is a better fit for your portfolio, analyzing a few basic fundamental indicators is a good first step.
How important is Nxt ID's Liquidity
Nxt ID
financial leverage refers to using borrowed capital as a funding source to finance Nxt ID Inc ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Nxt ID financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Nxt ID's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Nxt ID's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the
breakdown between Nxt ID's total debt and its cash.
Correlation Between Nxt and Snap On
In general, Delisted Stock analysis is a method for investors and traders to make individual buying and selling decisions. Stock correlation analysis is also essential because it can help investors realize that they may not be as diversified as they think. Risk management strategies are usually required to make sure all portfolios are properly aligned against their risk tolerance level. You can consider holding Nxt ID together with similar or unrelated positions with a negative correlation. For example, you can also add Snap On to your portfolio. If Snap On is not perfectly correlated to Nxt ID it will diversify some of the market risks out of the positively correlated stocks in your portfolio. However, the disadvantage of this sort of hedging is that it can potentially affect your investment returns throughout market cycles. When Nxt ID, for example, performs excellent and delivers stable returns, the negatively correlated position you locked in as a hedge may drag your returns down.
Are you currently holding both Nxt ID and Snap On in your portfolio? Please note if you are using this as a pair-trade strategy between Nxt ID and Snap On, watch out for correlation discrepancy over time. Relying on the historical price correlations and assuming that it will not change may lead to short-term losses. Please check
pair correlation details between NXTD and SNA for more information.
Detailed Perspective On Nxt ID
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Revenue Breakdown
Lets now check Nxt Id revenue. Based on the latest financial disclosure, Nxt-Id Inc reported 10.44
M of revenue. This is 99.7% lower than that of the Industrials sector and 98.72% lower than that of the
Security & Protection Services industry. The revenue for all United States stocks is 99.89% higher than that of Nxt Id. As for Allegion Plc we see revenue of 2.89
B, which is 254.66% higher than that of the Security & Protection Services
| NXTD | 10.44 Million | 0.28 |
| Sector | 814.88 Million | 21.93 |
| ALLE | 2.89 Billion | 77.79 |
Will Nxt Id latest surge continue?
Nxt Id latest standard deviation ascents over 9.07. Nxt-Id Inc is displaying above-average volatility over the selected time horizon. Investors should scrutinize Nxt-Id Inc independently to ensure intended market timing strategies are aligned with expectations about Nxt Id volatility. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Nxt Id's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Nxt Id's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.
Nxt Id Implied Volatility
Nxt Id's implied volatility exposes the market's sentiment of Nxt-Id Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Nxt Id's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Nxt Id stock will not fluctuate a lot when Nxt Id's options are near their expiration.
Although some other companies under the security & protection services industry are still a bit expensive, Nxt Id may offer a potential longer-term growth to shareholders. On the whole, as of the 26th of December 2021, we see that Nxt Id responds to the market. The firm is
overvalued with
very small odds of financial turmoil within the next 24 months. Our overall 90 days buy-hold-sell advice on the firm is
Strong Sell.
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Raphi Shpitalnik is a Junior Member of Macroaxis Editorial Board. Raphael is a young entrepreneur who joined Macroaxis on a part-time basis at the beginning of the pandemic and eventually acquired a real taste for investing and fintech. He likes to analyze different equity instruments across a wide range of industries, focusing primarily on consumer products, sports, fintech, cannabis, and AI.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Nxt ID Inc. Please refer to our
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