Nextego Nv Ordinary Stock Market Value
| EGOX Stock | 0.0001 0.00 0.00% |
| Symbol | NexteGO |
NexteGO NV Ordinary Price To Book Ratio
Is Automobile Manufacturers 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 NexteGO NV. If investors know NexteGO 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 NexteGO NV listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of NexteGO NV Ordinary is measured differently than its book value, which is the value of NexteGO that is recorded on the company's balance sheet. Investors also form their own opinion of NexteGO NV's value that differs from its market value or its book value, called intrinsic value, which is NexteGO NV'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 NexteGO NV's market value can be influenced by many factors that don't directly affect NexteGO NV'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 NexteGO NV's value and its price as these two are different measures arrived at by different means. Investors typically determine if NexteGO NV is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NexteGO NV'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.
NexteGO NV '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 NexteGO NV'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 NexteGO NV.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in NexteGO NV on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding NexteGO NV Ordinary or generate 0.0% return on investment in NexteGO NV over 720 days. NexteGO NV is related to or competes with Nio, Rivian Automotive, Lucid, Tesla, Mullen Automotive, BYD Company, and Ford. NexteGO NV is entity of United States. It is traded as Stock on NASDAQ exchange. More
NexteGO NV 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 NexteGO NV'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 NexteGO NV Ordinary upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0937 | |||
| Maximum Drawdown | 480.0 |
NexteGO NV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NexteGO NV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NexteGO NV's standard deviation. In reality, there are many statistical measures that can use NexteGO NV historical prices to predict the future NexteGO NV's volatility.| Risk Adjusted Performance | 0.0837 | |||
| Jensen Alpha | 3.94 | |||
| Total Risk Alpha | (3.09) | |||
| Treynor Ratio | 0.6521 |
NexteGO NV Ordinary Backtested Returns
NexteGO NV is out of control given 3 months investment horizon. NexteGO NV Ordinary has Sharpe Ratio of 0.097, which conveys that the firm had a 0.097% return per unit of risk over the last 3 months. We were able to break down and interpolate data for sixteen different technical indicators, which can help you to evaluate if expected returns of 4.92% are justified by taking the suggested risk. Use NexteGO NV Ordinary Mean Deviation of 11.97, risk adjusted performance of 0.0837, and Standard Deviation of 50.36 to evaluate company specific risk that cannot be diversified away. NexteGO NV holds a performance score of 7 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 7.42, 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, NexteGO NV will likely underperform. Use NexteGO NV Ordinary market risk adjusted performance, treynor ratio, as well as the relationship between the Treynor Ratio and day typical price , to analyze future returns on NexteGO NV Ordinary.
Auto-correlation | 0.55 |
Modest predictability
NexteGO NV Ordinary has modest predictability. Overlapping area represents the amount of predictability between NexteGO NV time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 NexteGO NV Ordinary price movement. The serial correlation of 0.55 indicates that about 55.0% of current NexteGO NV price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NexteGO NV Ordinary lagged returns against current returns
Autocorrelation, which is NexteGO NV 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 NexteGO NV's stock expected returns. We can calculate the autocorrelation of NexteGO NV returns to help us make a trade decision. For example, suppose you find that NexteGO NV 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 |
NexteGO NV 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 NexteGO NV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NexteGO NV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NexteGO NV stock over time.
Current vs Lagged Prices |
| Timeline |
NexteGO NV Lagged Returns
When evaluating NexteGO NV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NexteGO NV stock have on its future price. NexteGO NV 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, NexteGO NV autocorrelation shows the relationship between NexteGO NV stock current value and its past values and can show if there is a momentum factor associated with investing in NexteGO NV Ordinary.
Regressed Prices |
| Timeline |
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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 NexteGO Stock Analysis
When running NexteGO NV's price analysis, check to measure NexteGO NV'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 NexteGO NV is operating at the current time. Most of NexteGO NV's value examination focuses on studying past and present price action to predict the probability of NexteGO NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NexteGO NV's price. Additionally, you may evaluate how the addition of NexteGO NV to your portfolios can decrease your overall portfolio volatility.