NEXON Co (Germany) Market Value
| 7NX Stock | 13.40 0.40 3.08% |
| Symbol | NEXON |
NEXON Co 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to NEXON Co's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of NEXON Co.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in NEXON Co on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding NEXON Co or generate 0.0% return on investment in NEXON Co over 330 days. NEXON Co is related to or competes with Darden Restaurants, Selective Insurance, Goosehead Insurance, GREENX METALS, Japan Post, SWISS WATER, and LION ONE. More
NEXON Co Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure NEXON Co's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess NEXON Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 16.62 | |||
| Value At Risk | (4.72) | |||
| Potential Upside | 3.08 |
NEXON Co Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEXON Co's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEXON Co's standard deviation. In reality, there are many statistical measures that can use NEXON Co historical prices to predict the future NEXON Co's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.51) | |||
| Total Risk Alpha | (0.81) | |||
| Treynor Ratio | (0.44) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NEXON Co's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
NEXON Co Backtested Returns
NEXON Co has Sharpe Ratio of -0.16, which conveys that the firm had a -0.16% return per unit of standard deviation over the last 3 months. NEXON Co exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NEXON Co's Market Risk Adjusted Performance of (0.43), mean deviation of 1.85, and Risk Adjusted Performance of (0.11) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.91, which conveys possible diversification benefits within a given portfolio. NEXON Co returns are very sensitive to returns on the market. As the market goes up or down, NEXON Co is expected to follow. At this point, NEXON Co has a negative expected return of -0.41%. Please make sure to verify NEXON Co's skewness, as well as the relationship between the day median price and relative strength index , to decide if NEXON Co performance from the past will be repeated at future time.
Auto-correlation | -0.43 |
Modest reverse predictability
NEXON Co has modest reverse predictability. Overlapping area represents the amount of predictability between NEXON Co time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NEXON Co price movement. The serial correlation of -0.43 indicates that just about 43.0% of current NEXON Co price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 7.34 |
NEXON Co lagged returns against current returns
Autocorrelation, which is NEXON Co stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting NEXON Co's stock expected returns. We can calculate the autocorrelation of NEXON Co returns to help us make a trade decision. For example, suppose you find that NEXON Co has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
NEXON Co regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If NEXON Co stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEXON Co stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NEXON Co stock over time.
Current vs Lagged Prices |
| Timeline |
NEXON Co Lagged Returns
When evaluating NEXON Co's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEXON Co stock have on its future price. NEXON Co autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, NEXON Co autocorrelation shows the relationship between NEXON Co stock current value and its past values and can show if there is a momentum factor associated with investing in NEXON Co.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for NEXON Stock Analysis
When running NEXON Co's price analysis, check to measure NEXON Co'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 NEXON Co is operating at the current time. Most of NEXON Co's value examination focuses on studying past and present price action to predict the probability of NEXON Co's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NEXON Co's price. Additionally, you may evaluate how the addition of NEXON Co to your portfolios can decrease your overall portfolio volatility.