Nexalin Technology Stock Market Value
| NXL Stock | USD 2.76 0.12 4.17% |
| Symbol | Nexalin |
Nexalin Technology 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 Nexalin Technology. If investors know Nexalin 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 Nexalin Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.65) | Revenue Per Share | Quarterly Revenue Growth (0.24) | Return On Assets | Return On Equity |
The market value of Nexalin Technology is measured differently than its book value, which is the value of Nexalin that is recorded on the company's balance sheet. Investors also form their own opinion of Nexalin Technology's value that differs from its market value or its book value, called intrinsic value, which is Nexalin Technology'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 Nexalin Technology's market value can be influenced by many factors that don't directly affect Nexalin Technology'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 Nexalin Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nexalin Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nexalin Technology'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.
Nexalin Technology '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 Nexalin Technology'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 Nexalin Technology.
| 02/11/2023 |
| 01/31/2025 |
If you would invest 0.00 in Nexalin Technology on February 11, 2023 and sell it all today you would earn a total of 0.00 from holding Nexalin Technology or generate 0.0% return on investment in Nexalin Technology over 720 days. Nexalin Technology is related to or competes with Ainos, Electromed, SurModics, Bluejay Diagnostics, IRIDEX, Ainos, and LENSAR. Nexalin Technology, Inc., a medical device company, designs and develops neurostimulation products for the treatment of ... More
Nexalin Technology 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 Nexalin Technology'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 Nexalin Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.24 | |||
| Information Ratio | 0.0815 | |||
| Maximum Drawdown | 42.14 | |||
| Value At Risk | (12.64) | |||
| Potential Upside | 13.71 |
Nexalin Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nexalin Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nexalin Technology's standard deviation. In reality, there are many statistical measures that can use Nexalin Technology historical prices to predict the future Nexalin Technology's volatility.| Risk Adjusted Performance | 0.0873 | |||
| Jensen Alpha | 0.6387 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0912 | |||
| Treynor Ratio | 0.6024 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nexalin Technology'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.
Nexalin Technology Backtested Returns
Nexalin Technology appears to be dangerous, given 3 months investment horizon. Nexalin Technology has Sharpe Ratio of 0.0484, which conveys that the firm had a 0.0484 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nexalin Technology, which you can use to evaluate the volatility of the firm. Please exercise Nexalin Technology's Downside Deviation of 7.24, risk adjusted performance of 0.0873, and Mean Deviation of 6.23 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nexalin Technology holds a performance score of 3. The company secures a Beta (Market Risk) of 1.25, 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, Nexalin Technology will likely underperform. Please check Nexalin Technology's semi variance, as well as the relationship between the daily balance of power and price action indicator , to make a quick decision on whether Nexalin Technology's current price movements will revert.
Auto-correlation | -0.54 |
Good reverse predictability
Nexalin Technology has good reverse predictability. Overlapping area represents the amount of predictability between Nexalin Technology time series from 11th of February 2023 to 6th of February 2024 and 6th of February 2024 to 31st of January 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 Nexalin Technology price movement. The serial correlation of -0.54 indicates that about 54.0% of current Nexalin Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 1.32 |
Nexalin Technology lagged returns against current returns
Autocorrelation, which is Nexalin Technology 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 Nexalin Technology's stock expected returns. We can calculate the autocorrelation of Nexalin Technology returns to help us make a trade decision. For example, suppose you find that Nexalin Technology 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 |
Nexalin Technology 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 Nexalin Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nexalin Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nexalin Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Nexalin Technology Lagged Returns
When evaluating Nexalin Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nexalin Technology stock have on its future price. Nexalin Technology 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, Nexalin Technology autocorrelation shows the relationship between Nexalin Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Nexalin Technology.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Nexalin Technology Correlation, Nexalin Technology Volatility and Nexalin Technology Alpha and Beta module to complement your research on Nexalin Technology. For more information on how to buy Nexalin Stock please use our How to buy in Nexalin Stock guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Nexalin Technology 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.