Next Mediaworks (India) Market Value
| NEXTMEDIA | 11.63 1.05 9.92% |
| Symbol | Next |
Next Mediaworks '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 Mediaworks' 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 Mediaworks.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Next Mediaworks on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Next Mediaworks Limited or generate 0.0% return on investment in Next Mediaworks over 90 days. Next Mediaworks is related to or competes with Orissa Minerals, DSJ Keep, Kingfa Science, Rico Auto, GACM Technologies, COSMO FIRST, and Delta Manufacturing. Next Mediaworks is entity of India. It is traded as Stock on NSE exchange. More
Next Mediaworks 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 Mediaworks' 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 Mediaworks Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.05 | |||
| Information Ratio | 0.0978 | |||
| Maximum Drawdown | 9.19 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 4.34 |
Next Mediaworks Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Next Mediaworks' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Next Mediaworks' standard deviation. In reality, there are many statistical measures that can use Next Mediaworks historical prices to predict the future Next Mediaworks' volatility.| Risk Adjusted Performance | 0.108 | |||
| Jensen Alpha | 0.3758 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.1916 | |||
| Treynor Ratio | 0.4483 |
Next Mediaworks Backtested Returns
Next Mediaworks appears to be somewhat reliable, given 3 months investment horizon. Next Mediaworks has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of risk over the last 3 months. By analyzing Next Mediaworks' technical indicators, you can evaluate if the expected return of 0.75% is justified by implied risk. Please exercise Next Mediaworks' Mean Deviation of 2.26, downside deviation of 2.05, and Risk Adjusted Performance of 0.108 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Next Mediaworks holds a performance score of 13. The company secures a Beta (Market Risk) of 1.15, which conveys a somewhat significant risk relative to the market. Next Mediaworks returns are very sensitive to returns on the market. As the market goes up or down, Next Mediaworks is expected to follow. Please check Next Mediaworks' treynor ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to make a quick decision on whether Next Mediaworks' current price movements will revert.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Next Mediaworks Limited has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Next Mediaworks time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 Mediaworks price movement. The serial correlation of -0.73 indicates that around 73.0% of current Next Mediaworks price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 1.15 |
Next Mediaworks lagged returns against current returns
Autocorrelation, which is Next Mediaworks 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 Mediaworks' stock expected returns. We can calculate the autocorrelation of Next Mediaworks returns to help us make a trade decision. For example, suppose you find that Next Mediaworks 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 Mediaworks 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 Mediaworks stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Next Mediaworks stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Next Mediaworks stock over time.
Current vs Lagged Prices |
| Timeline |
Next Mediaworks Lagged Returns
When evaluating Next Mediaworks' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Next Mediaworks stock have on its future price. Next Mediaworks 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 Mediaworks autocorrelation shows the relationship between Next Mediaworks stock current value and its past values and can show if there is a momentum factor associated with investing in Next Mediaworks Limited.
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.Other Information on Investing in Next Stock
Next Mediaworks 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 Mediaworks security.