Nextdoor Holdings Stock Market Value
| KIND Stock | USD 2.57 0.10 4.05% |
| Symbol | Nextdoor |
Nextdoor Holdings Price To Book Ratio
Is Movies & Entertainment 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 Nextdoor Holdings. If investors know Nextdoor 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 Nextdoor Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.33) | Revenue Per Share 0.615 | Quarterly Revenue Growth 0.17 | Return On Assets (0.12) | Return On Equity (0.25) |
The market value of Nextdoor Holdings is measured differently than its book value, which is the value of Nextdoor that is recorded on the company's balance sheet. Investors also form their own opinion of Nextdoor Holdings' value that differs from its market value or its book value, called intrinsic value, which is Nextdoor Holdings' 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 Nextdoor Holdings' market value can be influenced by many factors that don't directly affect Nextdoor Holdings' 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 Nextdoor Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nextdoor Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nextdoor Holdings' 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.
Nextdoor Holdings '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 Nextdoor Holdings' 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 Nextdoor Holdings.
| 09/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Nextdoor Holdings on September 23, 2024 and sell it all today you would earn a total of 0.00 from holding Nextdoor Holdings or generate 0.0% return on investment in Nextdoor Holdings over 60 days. Nextdoor Holdings is related to or competes with IAC, Yelp, Groupon, Outbrain, Snap, Twilio, and Fiverr International. Nextdoor Holdings, Inc. operates as the neighborhood network that connects neighbors, businesses, and public services in... More
Nextdoor Holdings 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 Nextdoor Holdings' 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 Nextdoor Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.85 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 18.1 | |||
| Value At Risk | (3.00) | |||
| Potential Upside | 4.6 |
Nextdoor Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nextdoor Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nextdoor Holdings' standard deviation. In reality, there are many statistical measures that can use Nextdoor Holdings historical prices to predict the future Nextdoor Holdings' volatility.| Risk Adjusted Performance | 0.0166 | |||
| Jensen Alpha | 0.0191 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.4291 |
Nextdoor Holdings Backtested Returns
Nextdoor Holdings has Sharpe Ratio of -0.0146, which conveys that the firm had a -0.0146% return per unit of risk over the last 3 months. Nextdoor Holdings exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nextdoor Holdings' Mean Deviation of 2.11, downside deviation of 2.85, and Risk Adjusted Performance of 0.0166 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.058, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nextdoor Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Nextdoor Holdings is expected to be smaller as well. At this point, Nextdoor Holdings has a negative expected return of -0.0414%. Please make sure to verify Nextdoor Holdings' skewness, and the relationship between the potential upside and rate of daily change , to decide if Nextdoor Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.42 |
Modest reverse predictability
Nextdoor Holdings has modest reverse predictability. Overlapping area represents the amount of predictability between Nextdoor Holdings time series from 23rd of September 2024 to 23rd of October 2024 and 23rd of October 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 Nextdoor Holdings price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Nextdoor Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Nextdoor Holdings lagged returns against current returns
Autocorrelation, which is Nextdoor Holdings 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 Nextdoor Holdings' stock expected returns. We can calculate the autocorrelation of Nextdoor Holdings returns to help us make a trade decision. For example, suppose you find that Nextdoor Holdings 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 |
Nextdoor Holdings 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 Nextdoor Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nextdoor Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nextdoor Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Nextdoor Holdings Lagged Returns
When evaluating Nextdoor Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nextdoor Holdings stock have on its future price. Nextdoor Holdings 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, Nextdoor Holdings autocorrelation shows the relationship between Nextdoor Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Nextdoor Holdings.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Nextdoor Holdings is a strong investment it is important to analyze Nextdoor Holdings' 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 Nextdoor Holdings' future performance. For an informed investment choice regarding Nextdoor Stock, refer to the following important reports:Check out Nextdoor Holdings Correlation, Nextdoor Holdings Volatility and Nextdoor Holdings Alpha and Beta module to complement your research on Nextdoor Holdings. For information on how to trade Nextdoor Stock refer to our How to Trade Nextdoor Stock guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Nextdoor Holdings 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.