Nexxen International Stock Market Value
| NEXN Stock | 9.97 0.06 0.61% |
| Symbol | Nexxen |
Nexxen International Price To Book Ratio
Is Advertising 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 Nexxen International. If investors know Nexxen 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 Nexxen International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.31) | Earnings Share 0.18 | Revenue Per Share 4.754 | Quarterly Revenue Growth 0.051 | Return On Assets 0.0059 |
The market value of Nexxen International is measured differently than its book value, which is the value of Nexxen that is recorded on the company's balance sheet. Investors also form their own opinion of Nexxen International's value that differs from its market value or its book value, called intrinsic value, which is Nexxen International'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 Nexxen International's market value can be influenced by many factors that don't directly affect Nexxen International'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 Nexxen International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nexxen International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nexxen International'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.
Nexxen International '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 Nexxen International'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 Nexxen International.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Nexxen International on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Nexxen International or generate 0.0% return on investment in Nexxen International over 660 days. Nexxen International is related to or competes with Toro, Newell Brands, Lincoln Electric, RBC Bearings, Rocky Brands, Tyson Foods, and FitLife Brands,. Nexxen International is entity of United States More
Nexxen International 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 Nexxen International'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 Nexxen International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.56 | |||
| Information Ratio | 0.0835 | |||
| Maximum Drawdown | 23.16 | |||
| Value At Risk | (4.74) | |||
| Potential Upside | 9.62 |
Nexxen International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nexxen International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nexxen International's standard deviation. In reality, there are many statistical measures that can use Nexxen International historical prices to predict the future Nexxen International's volatility.| Risk Adjusted Performance | 0.0973 | |||
| Jensen Alpha | 0.3256 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.1299 | |||
| Treynor Ratio | 0.4278 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nexxen International's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nexxen International Backtested Returns
Nexxen International appears to be slightly risky, given 3 months investment horizon. Nexxen International has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Nexxen International, which you can use to evaluate the volatility of the firm. Please exercise Nexxen International's Mean Deviation of 2.47, downside deviation of 2.56, and Risk Adjusted Performance of 0.0973 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nexxen International holds a performance score of 8. The company secures a Beta (Market Risk) of 1.06, which conveys a somewhat significant risk relative to the market. Nexxen International returns are very sensitive to returns on the market. As the market goes up or down, Nexxen International is expected to follow. Please check Nexxen International's semi variance, as well as the relationship between the daily balance of power and price action indicator , to make a quick decision on whether Nexxen International's current price movements will revert.
Auto-correlation | -0.65 |
Very good reverse predictability
Nexxen International has very good reverse predictability. Overlapping area represents the amount of predictability between Nexxen International time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Nexxen International price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Nexxen International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 1.51 |
Nexxen International lagged returns against current returns
Autocorrelation, which is Nexxen International 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 Nexxen International's stock expected returns. We can calculate the autocorrelation of Nexxen International returns to help us make a trade decision. For example, suppose you find that Nexxen International 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 |
Nexxen International 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 Nexxen International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nexxen International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nexxen International stock over time.
Current vs Lagged Prices |
| Timeline |
Nexxen International Lagged Returns
When evaluating Nexxen International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nexxen International stock have on its future price. Nexxen International 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, Nexxen International autocorrelation shows the relationship between Nexxen International stock current value and its past values and can show if there is a momentum factor associated with investing in Nexxen International.
Regressed Prices |
| Timeline |
Pair Trading with Nexxen International
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nexxen International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nexxen International will appreciate offsetting losses from the drop in the long position's value.Moving together with Nexxen Stock
Moving against Nexxen Stock
The ability to find closely correlated positions to Nexxen International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nexxen International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nexxen International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nexxen International to buy it.
The correlation of Nexxen International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nexxen International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nexxen International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nexxen International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Nexxen International Correlation, Nexxen International Volatility and Nexxen International Alpha and Beta module to complement your research on Nexxen International. To learn how to invest in Nexxen Stock, please use our How to Invest in Nexxen International guide.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Nexxen International 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.