Next Hydrogen Solutions Stock Market Value
| NXHSF Stock | USD 0.30 0.03 9.09% |
| Symbol | Next |
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 otc 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.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Next Hydrogen on May 31, 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 180 days. Next Hydrogen is related to or competes with Weir Group, ITM Power, Nel ASA, Ballard Power, and Titan Logix. Next Hydrogen Solutions Inc. designs, manufactures, and sells water and electricity electrolyzers to generate clean hydr... 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 otc 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 | 33.01 | |||
| Information Ratio | 0.0752 | |||
| Maximum Drawdown | 101.84 | |||
| Value At Risk | (30.00) | |||
| Potential Upside | 50.0 |
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 | 0.0727 | |||
| Jensen Alpha | 1.78 | |||
| Total Risk Alpha | (1.28) | |||
| Sortino Ratio | 0.0399 | |||
| Treynor Ratio | (0.50) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Next Hydrogen'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.
Next Hydrogen Solutions Backtested Returns
Next Hydrogen is out of control given 3 months investment horizon. Next Hydrogen Solutions has Sharpe Ratio of 0.0869, which conveys that the firm had a 0.0869% return per unit of risk over the last 3 months. We are able to interpolate and collect twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.55% are justified by taking the suggested risk. Use Next Hydrogen Solutions Downside Deviation of 33.01, mean deviation of 8.45, and Risk Adjusted Performance of 0.0727 to evaluate company specific risk that cannot be diversified away. Next Hydrogen holds a performance score of 6 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -2.86, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Next Hydrogen are expected to decrease by larger amounts. On the other hand, during market turmoil, Next Hydrogen is expected to outperform it. Use Next Hydrogen Solutions treynor ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to analyze future returns on Next Hydrogen Solutions.
Auto-correlation | 0.11 |
Insignificant predictability
Next Hydrogen Solutions has insignificant predictability. Overlapping area represents the amount of predictability between Next Hydrogen time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 0.11 indicates that less than 11.0% of current Next Hydrogen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Next Hydrogen Solutions lagged returns against current returns
Autocorrelation, which is Next Hydrogen otc 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 otc 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 otc 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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Next Hydrogen otc 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 otc 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 otc 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 otc 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in Next OTC Stock
Next Hydrogen financial ratios help investors to determine whether Next OTC 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 Hydrogen security.