Next Hydrogen Solutions Stock Market Value
| NXH Stock | 0.41 0.03 6.82% |
| Symbol | Next |
Next Hydrogen Solutions Price To Book Ratio
Next Hydrogen '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 Hydrogen'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 Hydrogen.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Next Hydrogen on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Next Hydrogen Solutions or generate 0.0% return on investment in Next Hydrogen over 30 days. Next Hydrogen is related to or competes with DRI Healthcare, Reliq Health, Rogers Communications, UnitedHealth Group, Quorum Information, and Gamehost. Next Hydrogen is entity of Canada. It is traded as Stock on V exchange. More
Next Hydrogen 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 Hydrogen'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 Hydrogen Solutions upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.79 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 43.18 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 10.26 |
Next Hydrogen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Next Hydrogen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Next Hydrogen's standard deviation. In reality, there are many statistical measures that can use Next Hydrogen historical prices to predict the future Next Hydrogen's volatility.| Risk Adjusted Performance | 0.0182 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.95) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0579 |
Next Hydrogen Solutions Backtested Returns
Next Hydrogen Solutions has Sharpe Ratio of -0.0077, which conveys that the firm had a -0.0077% return per unit of risk over the last 3 months. Next Hydrogen exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Next Hydrogen's Risk Adjusted Performance of 0.0182, mean deviation of 4.33, and Downside Deviation of 7.79 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.26, 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, Next Hydrogen will likely underperform. At this point, Next Hydrogen Solutions has a negative expected return of -0.0495%. Please make sure to verify Next Hydrogen's downside variance and the relationship between the kurtosis and period momentum indicator , to decide if Next Hydrogen Solutions performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.39 |
Poor reverse predictability
Next Hydrogen Solutions has poor reverse predictability. Overlapping area represents the amount of predictability between Next Hydrogen time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 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 Hydrogen Solutions price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Next Hydrogen price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Next Hydrogen Solutions lagged returns against current returns
Autocorrelation, which is Next Hydrogen 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 Hydrogen's stock expected returns. We can calculate the autocorrelation of Next Hydrogen returns to help us make a trade decision. For example, suppose you find that Next Hydrogen 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 Hydrogen 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 Hydrogen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Next Hydrogen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Next Hydrogen stock over time.
Current vs Lagged Prices |
| Timeline |
Next Hydrogen Lagged Returns
When evaluating Next Hydrogen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Next Hydrogen stock have on its future price. Next Hydrogen 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 Hydrogen autocorrelation shows the relationship between Next Hydrogen stock current value and its past values and can show if there is a momentum factor associated with investing in Next Hydrogen Solutions.
Regressed Prices |
| Timeline |
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Additional Tools for Next Stock Analysis
When running Next Hydrogen's price analysis, check to measure Next Hydrogen's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Next Hydrogen is operating at the current time. Most of Next Hydrogen's value examination focuses on studying past and present price action to predict the probability of Next Hydrogen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Next Hydrogen's price. Additionally, you may evaluate how the addition of Next Hydrogen to your portfolios can decrease your overall portfolio volatility.