Nextgen (Israel) Market Value
| NXGN Stock | ILS 56.70 3.30 5.50% |
| Symbol | Nextgen |
Nextgen '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 Nextgen'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 Nextgen.
| 11/04/2023 |
| 02/26/2025 |
If you would invest 0.00 in Nextgen on November 4, 2023 and sell it all today you would earn a total of 0.00 from holding Nextgen or generate 0.0% return on investment in Nextgen over 480 days. Nextgen is related to or competes with Clal Biotechnology, Spuntech, Orbit Technologies, Rimon Consulting, Amanet Management, Abra Information, and Multi Retail. Nextgen Biomed Ltd, through its subsidiary, develops medicines for the treatment of psoriasis. More
Nextgen 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 Nextgen'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 Nextgen upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 34.7 | |||
| Value At Risk | (10.28) | |||
| Potential Upside | 11.8 |
Nextgen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nextgen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nextgen's standard deviation. In reality, there are many statistical measures that can use Nextgen historical prices to predict the future Nextgen's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 0.1305 |
Nextgen Backtested Returns
At this point, Nextgen is not too volatile. Nextgen has Sharpe Ratio of 0.0128, which conveys that the firm had a 0.0128 % return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Nextgen, which you can use to evaluate the volatility of the firm. Please verify Nextgen's Mean Deviation of 5.22, risk adjusted performance of (0.02), and Standard Deviation of 6.65 to check out if the risk estimate we provide is consistent with the expected return of 0.0899%. Nextgen has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -1.74, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Nextgen are expected to decrease by larger amounts. On the other hand, during market turmoil, Nextgen is expected to outperform it. Nextgen right now secures a risk of 7.01%. Please verify Nextgen skewness, accumulation distribution, rate of daily change, as well as the relationship between the kurtosis and daily balance of power , to decide if Nextgen will be following its current price movements.
Auto-correlation | 0.86 |
Very good predictability
Nextgen has very good predictability. Overlapping area represents the amount of predictability between Nextgen time series from 4th of November 2023 to 1st of July 2024 and 1st of July 2024 to 26th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nextgen price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Nextgen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 254.3 |
Nextgen lagged returns against current returns
Autocorrelation, which is Nextgen 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 Nextgen's stock expected returns. We can calculate the autocorrelation of Nextgen returns to help us make a trade decision. For example, suppose you find that Nextgen 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 |
Nextgen 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 Nextgen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nextgen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nextgen stock over time.
Current vs Lagged Prices |
| Timeline |
Nextgen Lagged Returns
When evaluating Nextgen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nextgen stock have on its future price. Nextgen 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, Nextgen autocorrelation shows the relationship between Nextgen stock current value and its past values and can show if there is a momentum factor associated with investing in Nextgen.
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 Nextgen Stock
Nextgen financial ratios help investors to determine whether Nextgen 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 Nextgen with respect to the benefits of owning Nextgen security.