Nxt Energy Solutions Stock Market Value
| NSFDF Stock | USD 0.16 0.02 14.29% |
| Symbol | NXT |
NXT Energy '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 NXT Energy's otc 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 NXT Energy.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in NXT Energy on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding NXT Energy Solutions or generate 0.0% return on investment in NXT Energy over 180 days. NXT Energy is related to or competes with Dawson Geophysical, Bri-Chem Corp, NCS Multistage, Bristow, and Natural Gas. NXT Energy Solutions Inc., a technology company, provides services to the oil and gas industry through its proprietary s... More
NXT Energy 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 NXT Energy's otc 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 NXT Energy Solutions upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 18.5 | |||
| Information Ratio | 0.0414 | |||
| Maximum Drawdown | 77.78 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 27.78 |
NXT Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NXT Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NXT Energy's standard deviation. In reality, there are many statistical measures that can use NXT Energy historical prices to predict the future NXT Energy's volatility.| Risk Adjusted Performance | 0.0493 | |||
| Jensen Alpha | 1.04 | |||
| Total Risk Alpha | (1.47) | |||
| Sortino Ratio | 0.0284 | |||
| Treynor Ratio | (0.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NXT Energy'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.
NXT Energy Solutions Backtested Returns
NXT Energy appears to be out of control, given 3 months investment horizon. NXT Energy Solutions has Sharpe Ratio of 0.053, which conveys that the firm had a 0.053% return per unit of standard deviation over the last 3 months. By reviewing NXT Energy's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please exercise NXT Energy's Risk Adjusted Performance of 0.0493, market risk adjusted performance of (0.20), and Mean Deviation of 6.7 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NXT Energy holds a performance score of 4. The company secures a Beta (Market Risk) of -3.07, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning NXT Energy are expected to decrease by larger amounts. On the other hand, during market turmoil, NXT Energy is expected to outperform it. Please check NXT Energy's maximum drawdown, skewness, price action indicator, as well as the relationship between the downside variance and rate of daily change , to make a quick decision on whether NXT Energy's current price movements will revert.
Auto-correlation | -0.12 |
Insignificant reverse predictability
NXT Energy Solutions has insignificant reverse predictability. Overlapping area represents the amount of predictability between NXT Energy time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 NXT Energy Solutions price movement. The serial correlation of -0.12 indicates that less than 12.0% of current NXT Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NXT Energy Solutions lagged returns against current returns
Autocorrelation, which is NXT Energy otc 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 NXT Energy's otc stock expected returns. We can calculate the autocorrelation of NXT Energy returns to help us make a trade decision. For example, suppose you find that NXT Energy has exhibited high autocorrelation historically, and you observe that the otc 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 |
NXT Energy 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 NXT Energy otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NXT Energy otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NXT Energy otc stock over time.
Current vs Lagged Prices |
| Timeline |
NXT Energy Lagged Returns
When evaluating NXT Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NXT Energy otc stock have on its future price. NXT Energy 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, NXT Energy autocorrelation shows the relationship between NXT Energy otc stock current value and its past values and can show if there is a momentum factor associated with investing in NXT Energy Solutions.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NXT OTC Stock
NXT Energy financial ratios help investors to determine whether NXT OTC 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 NXT with respect to the benefits of owning NXT Energy security.