NEXTEER AUTOMOTIVE (Germany) Market Value
| 8NX Stock | EUR 0.32 0.01 3.03% |
| Symbol | NEXTEER |
NEXTEER AUTOMOTIVE '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 NEXTEER AUTOMOTIVE'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 NEXTEER AUTOMOTIVE.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in NEXTEER AUTOMOTIVE on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding NEXTEER AUTOMOTIVE or generate 0.0% return on investment in NEXTEER AUTOMOTIVE over 180 days. NEXTEER AUTOMOTIVE is related to or competes with Aedas Homes, DFS Furniture, ARDAGH METAL, Aluminumof China, American Homes, and Bet-at-home. More
NEXTEER AUTOMOTIVE 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 NEXTEER AUTOMOTIVE'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 NEXTEER AUTOMOTIVE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.45 | |||
| Information Ratio | 0.0276 | |||
| Maximum Drawdown | 32.78 | |||
| Value At Risk | (6.90) | |||
| Potential Upside | 9.68 |
NEXTEER AUTOMOTIVE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEXTEER AUTOMOTIVE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEXTEER AUTOMOTIVE's standard deviation. In reality, there are many statistical measures that can use NEXTEER AUTOMOTIVE historical prices to predict the future NEXTEER AUTOMOTIVE's volatility.| Risk Adjusted Performance | 0.0494 | |||
| Jensen Alpha | 0.1134 | |||
| Total Risk Alpha | (0.62) | |||
| Sortino Ratio | 0.027 | |||
| Treynor Ratio | 0.2173 |
NEXTEER AUTOMOTIVE Backtested Returns
NEXTEER AUTOMOTIVE appears to be out of control, given 3 months investment horizon. NEXTEER AUTOMOTIVE has Sharpe Ratio of 0.0534, which conveys that the firm had a 0.0534% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for NEXTEER AUTOMOTIVE, which you can use to evaluate the volatility of the firm. Please exercise NEXTEER AUTOMOTIVE's Market Risk Adjusted Performance of 0.2273, risk adjusted performance of 0.0494, and Mean Deviation of 3.67 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NEXTEER AUTOMOTIVE holds a performance score of 4. The company secures a Beta (Market Risk) of 1.26, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, NEXTEER AUTOMOTIVE will likely underperform. Please check NEXTEER AUTOMOTIVE's sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to make a quick decision on whether NEXTEER AUTOMOTIVE's current price movements will revert.
Auto-correlation | -0.7 |
Very good reverse predictability
NEXTEER AUTOMOTIVE has very good reverse predictability. Overlapping area represents the amount of predictability between NEXTEER AUTOMOTIVE time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st of December 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 NEXTEER AUTOMOTIVE price movement. The serial correlation of -0.7 indicates that around 70.0% of current NEXTEER AUTOMOTIVE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NEXTEER AUTOMOTIVE lagged returns against current returns
Autocorrelation, which is NEXTEER AUTOMOTIVE 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 NEXTEER AUTOMOTIVE's stock expected returns. We can calculate the autocorrelation of NEXTEER AUTOMOTIVE returns to help us make a trade decision. For example, suppose you find that NEXTEER AUTOMOTIVE 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 |
NEXTEER AUTOMOTIVE 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 NEXTEER AUTOMOTIVE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEXTEER AUTOMOTIVE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NEXTEER AUTOMOTIVE stock over time.
Current vs Lagged Prices |
| Timeline |
NEXTEER AUTOMOTIVE Lagged Returns
When evaluating NEXTEER AUTOMOTIVE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEXTEER AUTOMOTIVE stock have on its future price. NEXTEER AUTOMOTIVE 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, NEXTEER AUTOMOTIVE autocorrelation shows the relationship between NEXTEER AUTOMOTIVE stock current value and its past values and can show if there is a momentum factor associated with investing in NEXTEER AUTOMOTIVE .
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NEXTEER Stock
NEXTEER AUTOMOTIVE financial ratios help investors to determine whether NEXTEER Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NEXTEER with respect to the benefits of owning NEXTEER AUTOMOTIVE security.