Chardan Nextech Acquisition Stock Market Value
| DFLI Stock | USD 3.33 0.00 0.00% |
| Symbol | Chardan |
Chardan NexTech Acqu Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 Chardan NexTech. If investors know Chardan 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 Chardan NexTech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.42) | Revenue Per Share 0.869 | Quarterly Revenue Growth (0.32) | Return On Assets (0.14) | Return On Equity (1.64) |
The market value of Chardan NexTech Acqu is measured differently than its book value, which is the value of Chardan that is recorded on the company's balance sheet. Investors also form their own opinion of Chardan NexTech's value that differs from its market value or its book value, called intrinsic value, which is Chardan NexTech'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 Chardan NexTech's market value can be influenced by many factors that don't directly affect Chardan NexTech'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 Chardan NexTech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chardan NexTech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chardan NexTech'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.
Chardan NexTech '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 Chardan NexTech'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 Chardan NexTech.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Chardan NexTech on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Chardan NexTech Acquisition or generate 0.0% return on investment in Chardan NexTech over 30 days. Chardan NexTech is related to or competes with Polar Power, Eos Energy, Sunrise New, AFC Energy, FREYR Battery, Microvast Holdings, and Solid Power. Dragonfly Energy Holdings Corp. manufactures and supplies deep cycle lithium-ion batteries for RVs, marine vessels, off-... More
Chardan NexTech 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 Chardan NexTech'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 Chardan NexTech Acquisition upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 36.71 | |||
| Value At Risk | (6.56) | |||
| Potential Upside | 7.69 |
Chardan NexTech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chardan NexTech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chardan NexTech's standard deviation. In reality, there are many statistical measures that can use Chardan NexTech historical prices to predict the future Chardan NexTech's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.55) | |||
| Total Risk Alpha | (1.03) | |||
| Treynor Ratio | (0.47) |
Chardan NexTech Acqu Backtested Returns
Chardan NexTech is risky given 3 months investment horizon. Chardan NexTech Acqu secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of standard deviation over the last 3 months. We were able to break down and interpolate twenty different technical indicators, which can help you to evaluate if expected returns of 11.08% are justified by taking the suggested risk. Use Chardan NexTech mean deviation of 3.37, and Risk Adjusted Performance of (0.06) to evaluate company specific risk that cannot be diversified away. Chardan NexTech holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.99, which signifies possible diversification benefits within a given portfolio. Chardan NexTech returns are very sensitive to returns on the market. As the market goes up or down, Chardan NexTech is expected to follow. Use Chardan NexTech total risk alpha, and the relationship between the standard deviation and kurtosis , to analyze future returns on Chardan NexTech.
Auto-correlation | -0.1 |
Very weak reverse predictability
Chardan NexTech Acquisition has very weak reverse predictability. Overlapping area represents the amount of predictability between Chardan NexTech time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Chardan NexTech Acqu price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Chardan NexTech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.67 |
Chardan NexTech Acqu lagged returns against current returns
Autocorrelation, which is Chardan NexTech 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 Chardan NexTech's stock expected returns. We can calculate the autocorrelation of Chardan NexTech returns to help us make a trade decision. For example, suppose you find that Chardan NexTech 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 |
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Chardan NexTech 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 Chardan NexTech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chardan NexTech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chardan NexTech stock over time.
Current vs Lagged Prices |
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Chardan NexTech Lagged Returns
When evaluating Chardan NexTech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chardan NexTech stock have on its future price. Chardan NexTech 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, Chardan NexTech autocorrelation shows the relationship between Chardan NexTech stock current value and its past values and can show if there is a momentum factor associated with investing in Chardan NexTech Acquisition.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Chardan NexTech Acqu is a strong investment it is important to analyze Chardan NexTech's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Chardan NexTech's future performance. For an informed investment choice regarding Chardan Stock, refer to the following important reports:Check out Chardan NexTech Correlation, Chardan NexTech Volatility and Chardan NexTech Alpha and Beta module to complement your research on Chardan NexTech. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Chardan NexTech technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.