Next Biometrics (Norway) Market Value
| NEXT Stock | NOK 6.50 0.42 6.07% |
| Symbol | Next |
Next Biometrics '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 Next Biometrics' 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 Next Biometrics.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Next Biometrics on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Next Biometrics Group or generate 0.0% return on investment in Next Biometrics over 510 days. Next Biometrics is related to or competes with REC Silicon, Aker Horizons, and Saga Pure. NEXT Biometrics Group ASA, through its subsidiaries, engages in the research, development, manufacture, and commercializ... More
Next Biometrics 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 Next Biometrics' 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 Next Biometrics Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 8.88 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 2.65 |
Next Biometrics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Next Biometrics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Next Biometrics' standard deviation. In reality, there are many statistical measures that can use Next Biometrics historical prices to predict the future Next Biometrics' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (15.54) |
Next Biometrics Group Backtested Returns
Next Biometrics Group has Sharpe Ratio of -0.16, which conveys that the firm had a -0.16% return per unit of risk over the last 3 months. Next Biometrics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Next Biometrics' Mean Deviation of 1.33, standard deviation of 1.88, and Risk Adjusted Performance of (0.11) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.019, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Next Biometrics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Next Biometrics is expected to be smaller as well. At this point, Next Biometrics Group has a negative expected return of -0.3%. Please make sure to verify Next Biometrics' accumulation distribution, rate of daily change, and the relationship between the kurtosis and daily balance of power , to decide if Next Biometrics Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Next Biometrics Group has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Next Biometrics time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Next Biometrics Group price movement. The serial correlation of -0.76 indicates that around 76.0% of current Next Biometrics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Next Biometrics Group lagged returns against current returns
Autocorrelation, which is Next Biometrics 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 Next Biometrics' stock expected returns. We can calculate the autocorrelation of Next Biometrics returns to help us make a trade decision. For example, suppose you find that Next Biometrics 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 |
Next Biometrics 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 Next Biometrics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Next Biometrics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Next Biometrics stock over time.
Current vs Lagged Prices |
| Timeline |
Next Biometrics Lagged Returns
When evaluating Next Biometrics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Next Biometrics stock have on its future price. Next Biometrics 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, Next Biometrics autocorrelation shows the relationship between Next Biometrics stock current value and its past values and can show if there is a momentum factor associated with investing in Next Biometrics Group.
Regressed Prices |
| Timeline |
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Next Biometrics financial ratios help investors to determine whether Next Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Next with respect to the benefits of owning Next Biometrics security.