NEXG11's market value is the price at which a share of NEXG11 trades on a public exchange. It measures the collective expectations of NEXG11 investors about its performance. NEXG11 is trading at 126.00 as of the 18th of December 2024, a 0.80% up since the beginning of the trading day. The stock's open price was 125.0. With this module, you can estimate the performance of a buy and hold strategy of NEXG11 and determine expected loss or profit from investing in NEXG11 over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
NEXG11
NEXG11 '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 NEXG11'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 NEXG11.
0.00
11/18/2024
No Change 0.00
0.0
In 30 days
12/18/2024
0.00
If you would invest 0.00 in NEXG11 on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding NEXG11 or generate 0.0% return on investment in NEXG11 over 30 days.
NEXG11 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 NEXG11'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 NEXG11 upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEXG11's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEXG11's standard deviation. In reality, there are many statistical measures that can use NEXG11 historical prices to predict the future NEXG11's volatility.
At this point, NEXG11 is very steady. NEXG11 has Sharpe Ratio of 0.29, which conveys that the firm had a 0.29% return per unit of standard deviation over the last 3 months. We have found twenty-six technical indicators for NEXG11, which you can use to evaluate the volatility of the firm. Please verify NEXG11's Risk Adjusted Performance of 0.2091, market risk adjusted performance of 2.41, and Mean Deviation of 0.3921 to check out if the risk estimate we provide is consistent with the expected return of 0.19%. NEXG11 has a performance score of 22 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0747, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NEXG11's returns are expected to increase less than the market. However, during the bear market, the loss of holding NEXG11 is expected to be smaller as well. NEXG11 currently secures a risk of 0.65%. Please verify NEXG11 value at risk, downside variance, expected short fall, as well as the relationship between the potential upside and semi variance , to decide if NEXG11 will be following its current price movements.
Auto-correlation
0.77
Good predictability
NEXG11 has good predictability. Overlapping area represents the amount of predictability between NEXG11 time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 NEXG11 price movement. The serial correlation of 0.77 indicates that around 77.0% of current NEXG11 price fluctuation can be explain by its past prices.
Correlation Coefficient
0.77
Spearman Rank Test
0.9
Residual Average
0.0
Price Variance
0.95
NEXG11 lagged returns against current returns
Autocorrelation, which is NEXG11 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 NEXG11's stock expected returns. We can calculate the autocorrelation of NEXG11 returns to help us make a trade decision. For example, suppose you find that NEXG11 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
NEXG11 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 NEXG11 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEXG11 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NEXG11 stock over time.
Current vs Lagged Prices
Timeline
NEXG11 Lagged Returns
When evaluating NEXG11's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEXG11 stock have on its future price. NEXG11 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, NEXG11 autocorrelation shows the relationship between NEXG11 stock current value and its past values and can show if there is a momentum factor associated with investing in NEXG11.
Regressed Prices
Timeline
Also Currently Popular
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