NEXT Plc (Germany) Market Value
| NXG Stock | EUR 116.00 1.50 1.28% |
| Symbol | NEXT |
NEXT Plc '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 Plc'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 NEXT Plc.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in NEXT Plc on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding NEXT plc or generate 0.0% return on investment in NEXT Plc over 720 days. NEXT Plc is related to or competes with Event Hospitality, THAI BEVERAGE, Bausch Health, NISSIN FOODS, DiamondRock Hospitality, Collins Foods, and FEMALE HEALTH. NEXT plc engages in the retail of clothing, footwear, accessories, andor home products in the United Kingdom, rest of Eu... More
NEXT Plc 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 Plc'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 NEXT plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 9.26 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 2.4 |
NEXT Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEXT Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEXT Plc's standard deviation. In reality, there are many statistical measures that can use NEXT Plc historical prices to predict the future NEXT Plc's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.1) |
NEXT plc Backtested Returns
NEXT plc has Sharpe Ratio of -0.0235, which conveys that the firm had a -0.0235% return per unit of standard deviation over the last 3 months. NEXT Plc exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NEXT Plc's Market Risk Adjusted Performance of (0.09), risk adjusted performance of (0.01), and Mean Deviation of 1.32 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.46, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NEXT Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding NEXT Plc is expected to be smaller as well. At this point, NEXT plc has a negative expected return of -0.0415%. Please make sure to verify NEXT Plc's mean deviation, information ratio, potential upside, as well as the relationship between the standard deviation and total risk alpha , to decide if NEXT plc performance from the past will be repeated at future time.
Auto-correlation | 0.74 |
Good predictability
NEXT plc has good predictability. Overlapping area represents the amount of predictability between NEXT Plc time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 plc price movement. The serial correlation of 0.74 indicates that around 74.0% of current NEXT Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 89.12 |
NEXT plc lagged returns against current returns
Autocorrelation, which is NEXT Plc 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 Plc's stock expected returns. We can calculate the autocorrelation of NEXT Plc returns to help us make a trade decision. For example, suppose you find that NEXT Plc 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 Plc 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 Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEXT Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NEXT Plc stock over time.
Current vs Lagged Prices |
| Timeline |
NEXT Plc Lagged Returns
When evaluating NEXT Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEXT Plc stock have on its future price. NEXT Plc 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 Plc autocorrelation shows the relationship between NEXT Plc stock current value and its past values and can show if there is a momentum factor associated with investing in NEXT plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NEXT Stock
NEXT Plc 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 Plc security.