Nextdecade Corp Stock Market Value
| NEXT Stock | USD 7.18 0.19 2.58% |
| Symbol | Nextdecade |
Nextdecade Corp Price To Book Ratio
Is Oil & Gas Storage & Transportation 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 Nextdecade Corp. If investors know Nextdecade 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 Nextdecade Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.12) | Return On Assets (0.02) | Return On Equity (0.49) |
The market value of Nextdecade Corp is measured differently than its book value, which is the value of Nextdecade that is recorded on the company's balance sheet. Investors also form their own opinion of Nextdecade Corp's value that differs from its market value or its book value, called intrinsic value, which is Nextdecade Corp'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 Nextdecade Corp's market value can be influenced by many factors that don't directly affect Nextdecade Corp'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 Nextdecade Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nextdecade Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nextdecade Corp'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.
Nextdecade Corp '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 Nextdecade Corp'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 Nextdecade Corp.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Nextdecade Corp on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Nextdecade Corp or generate 0.0% return on investment in Nextdecade Corp over 30 days. Nextdecade Corp is related to or competes with EQT, Coterra Energy, Antero Resources, Evolution Petroleum, GeoPark, Granite Ridge, and PHX Minerals. NextDecade Corporation engages in the development activities related to the liquefaction and sale of liquefied natural g... More
Nextdecade Corp 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 Nextdecade Corp'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 Nextdecade Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.93 | |||
| Information Ratio | 0.1502 | |||
| Maximum Drawdown | 19.08 | |||
| Value At Risk | (4.22) | |||
| Potential Upside | 7.44 |
Nextdecade Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nextdecade Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nextdecade Corp's standard deviation. In reality, there are many statistical measures that can use Nextdecade Corp historical prices to predict the future Nextdecade Corp's volatility.| Risk Adjusted Performance | 0.1492 | |||
| Jensen Alpha | 0.422 | |||
| Total Risk Alpha | 0.0998 | |||
| Sortino Ratio | 0.1905 | |||
| Treynor Ratio | 0.3154 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nextdecade Corp'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.
Nextdecade Corp Backtested Returns
Nextdecade Corp appears to be slightly risky, given 3 months investment horizon. Nextdecade Corp has Sharpe Ratio of 0.22, which conveys that the firm had a 0.22% return per unit of risk over the last 3 months. By analyzing Nextdecade Corp's technical indicators, you can evaluate if the expected return of 0.8% is justified by implied risk. Please exercise Nextdecade Corp's Risk Adjusted Performance of 0.1492, downside deviation of 2.93, and Mean Deviation of 2.66 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nextdecade Corp holds a performance score of 17. The company secures a Beta (Market Risk) of 2.15, 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, Nextdecade Corp will likely underperform. Please check Nextdecade Corp's treynor ratio, expected short fall, as well as the relationship between the Expected Short fall and day median price , to make a quick decision on whether Nextdecade Corp's current price movements will revert.
Auto-correlation | 0.24 |
Weak predictability
Nextdecade Corp has weak predictability. Overlapping area represents the amount of predictability between Nextdecade Corp time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Nextdecade Corp price movement. The serial correlation of 0.24 indicates that over 24.0% of current Nextdecade Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Nextdecade Corp lagged returns against current returns
Autocorrelation, which is Nextdecade Corp 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 Nextdecade Corp's stock expected returns. We can calculate the autocorrelation of Nextdecade Corp returns to help us make a trade decision. For example, suppose you find that Nextdecade Corp 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 |
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Nextdecade Corp 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 Nextdecade Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nextdecade Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nextdecade Corp stock over time.
Current vs Lagged Prices |
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Nextdecade Corp Lagged Returns
When evaluating Nextdecade Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nextdecade Corp stock have on its future price. Nextdecade Corp 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, Nextdecade Corp autocorrelation shows the relationship between Nextdecade Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Nextdecade Corp.
Regressed Prices |
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Additional Tools for Nextdecade Stock Analysis
When running Nextdecade Corp's price analysis, check to measure Nextdecade Corp'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 Nextdecade Corp is operating at the current time. Most of Nextdecade Corp's value examination focuses on studying past and present price action to predict the probability of Nextdecade Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nextdecade Corp's price. Additionally, you may evaluate how the addition of Nextdecade Corp to your portfolios can decrease your overall portfolio volatility.