Nexgel Inc Stock Market Value
| NXGL Stock | USD 3.37 0.05 1.51% |
| Symbol | Nexgel |
Nexgel Inc Price To Book Ratio
Is Health Care Equipment & Supplies 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 Nexgel. If investors know Nexgel 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 Nexgel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.59) | Revenue Per Share 0.846 | Quarterly Revenue Growth 0.234 | Return On Assets (0.23) | Return On Equity (0.64) |
The market value of Nexgel Inc is measured differently than its book value, which is the value of Nexgel that is recorded on the company's balance sheet. Investors also form their own opinion of Nexgel's value that differs from its market value or its book value, called intrinsic value, which is Nexgel'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 Nexgel's market value can be influenced by many factors that don't directly affect Nexgel'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 Nexgel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nexgel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nexgel'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.
Nexgel '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 Nexgel'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 Nexgel.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Nexgel on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Nexgel Inc or generate 0.0% return on investment in Nexgel over 30 days. Nexgel is related to or competes with Heartbeam, EUDA Health, Nutex Health, Healthcare Triangle, Mangoceuticals, Common, and Aclarion. NEXGEL, Inc. manufactures high water content, electron beam cross-linked, and aqueous polymer hydrogels and gels More
Nexgel 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 Nexgel'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 Nexgel Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.54 | |||
| Information Ratio | 0.0535 | |||
| Maximum Drawdown | 28.75 | |||
| Value At Risk | (5.92) | |||
| Potential Upside | 8.02 |
Nexgel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nexgel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nexgel's standard deviation. In reality, there are many statistical measures that can use Nexgel historical prices to predict the future Nexgel's volatility.| Risk Adjusted Performance | 0.0717 | |||
| Jensen Alpha | 0.2588 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | 0.0677 | |||
| Treynor Ratio | 0.4276 |
Nexgel Inc Backtested Returns
Nexgel appears to be unstable, given 3 months investment horizon. Nexgel Inc has Sharpe Ratio of 0.0989, which conveys that the firm had a 0.0989% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nexgel, which you can use to evaluate the volatility of the firm. Please exercise Nexgel's Downside Deviation of 3.54, risk adjusted performance of 0.0717, and Mean Deviation of 3.25 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nexgel holds a performance score of 7. The company secures a Beta (Market Risk) of 0.84, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nexgel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nexgel is expected to be smaller as well. Please check Nexgel'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 Nexgel's current price movements will revert.
Auto-correlation | 0.45 |
Average predictability
Nexgel Inc has average predictability. Overlapping area represents the amount of predictability between Nexgel 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 Nexgel Inc price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Nexgel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Nexgel Inc lagged returns against current returns
Autocorrelation, which is Nexgel 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 Nexgel's stock expected returns. We can calculate the autocorrelation of Nexgel returns to help us make a trade decision. For example, suppose you find that Nexgel 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 |
Nexgel 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 Nexgel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nexgel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nexgel stock over time.
Current vs Lagged Prices |
| Timeline |
Nexgel Lagged Returns
When evaluating Nexgel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nexgel stock have on its future price. Nexgel 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, Nexgel autocorrelation shows the relationship between Nexgel stock current value and its past values and can show if there is a momentum factor associated with investing in Nexgel Inc.
Regressed Prices |
| Timeline |
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Nexgel 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.