Nexgen Energy Stock Market Value
| NXE Stock | USD 8.39 0.49 5.52% |
| Symbol | NexGen |
NexGen Energy Price To Book Ratio
Is Oil, Gas & Consumable Fuels 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 NexGen Energy. If investors know NexGen 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 NexGen Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.21 | Return On Assets (0.04) | Return On Equity 0.1583 |
The market value of NexGen Energy is measured differently than its book value, which is the value of NexGen that is recorded on the company's balance sheet. Investors also form their own opinion of NexGen Energy's value that differs from its market value or its book value, called intrinsic value, which is NexGen Energy'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 NexGen Energy's market value can be influenced by many factors that don't directly affect NexGen Energy'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 NexGen Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if NexGen Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NexGen Energy'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.
NexGen 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 NexGen Energy'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 NexGen Energy.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in NexGen Energy on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding NexGen Energy or generate 0.0% return on investment in NexGen Energy over 30 days. NexGen Energy is related to or competes with Energy Fuels, Uranium Energy, Cameco Corp, Ur Energy, and Denison Mines. NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluatio... More
NexGen 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 NexGen Energy'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 NexGen Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.78 | |||
| Information Ratio | 0.1725 | |||
| Maximum Drawdown | 19.63 | |||
| Value At Risk | (4.56) | |||
| Potential Upside | 6.94 |
NexGen Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NexGen Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NexGen Energy's standard deviation. In reality, there are many statistical measures that can use NexGen Energy historical prices to predict the future NexGen Energy's volatility.| Risk Adjusted Performance | 0.1703 | |||
| Jensen Alpha | 0.5218 | |||
| Total Risk Alpha | 0.1703 | |||
| Sortino Ratio | 0.2047 | |||
| Treynor Ratio | 0.4946 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NexGen 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.
NexGen Energy Backtested Returns
NexGen Energy appears to be somewhat reliable, given 3 months investment horizon. NexGen Energy has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18% return per unit of risk over the last 3 months. By analyzing NexGen Energy's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please exercise NexGen Energy's Mean Deviation of 2.39, risk adjusted performance of 0.1703, and Downside Deviation of 2.78 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NexGen Energy holds a performance score of 14. The company secures a Beta (Market Risk) of 1.4, 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, NexGen Energy will likely underperform. Please check NexGen Energy's semi variance, as well as the relationship between the daily balance of power and period momentum indicator , to make a quick decision on whether NexGen Energy's current price movements will revert.
Auto-correlation | -0.4 |
Poor reverse predictability
NexGen Energy has poor reverse predictability. Overlapping area represents the amount of predictability between NexGen Energy time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 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 NexGen Energy price movement. The serial correlation of -0.4 indicates that just about 40.0% of current NexGen Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
NexGen Energy lagged returns against current returns
Autocorrelation, which is NexGen Energy 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 NexGen Energy's stock expected returns. We can calculate the autocorrelation of NexGen Energy returns to help us make a trade decision. For example, suppose you find that NexGen Energy 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 |
NexGen 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 NexGen Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NexGen Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NexGen Energy stock over time.
Current vs Lagged Prices |
| Timeline |
NexGen Energy Lagged Returns
When evaluating NexGen Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NexGen Energy stock have on its future price. NexGen 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, NexGen Energy autocorrelation shows the relationship between NexGen Energy stock current value and its past values and can show if there is a momentum factor associated with investing in NexGen Energy.
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.When determining whether NexGen Energy is a strong investment it is important to analyze NexGen Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NexGen Energy's future performance. For an informed investment choice regarding NexGen Stock, refer to the following important reports:Check out NexGen Energy Correlation, NexGen Energy Volatility and NexGen Energy Alpha and Beta module to complement your research on NexGen Energy. For information on how to trade NexGen Stock refer to our How to Trade NexGen Stock guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
NexGen Energy 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.