Nextmart Stock Market Value
| NXMR Stock | USD 0.0004 0.0006 60.00% |
| Symbol | Nextmart |
Nextmart '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 Nextmart's pink sheet 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 Nextmart.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Nextmart on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Nextmart or generate 0.0% return on investment in Nextmart over 720 days. Previously, it was involved in the art event and art media direct marketing art-themed products design and marketing and... More
Nextmart 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 Nextmart's pink sheet 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 Nextmart upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 59.77 | |||
| Information Ratio | 0.2149 | |||
| Maximum Drawdown | 427.78 | |||
| Value At Risk | (50.00) | |||
| Potential Upside | 150.0 |
Nextmart Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nextmart's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nextmart's standard deviation. In reality, there are many statistical measures that can use Nextmart historical prices to predict the future Nextmart's volatility.| Risk Adjusted Performance | 0.175 | |||
| Jensen Alpha | 15.27 | |||
| Total Risk Alpha | 5.97 | |||
| Sortino Ratio | 0.25 | |||
| Treynor Ratio | (6.46) |
Nextmart Backtested Returns
Nextmart is out of control given 3 months investment horizon. Nextmart has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We have collected data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 7.55% are justified by taking the suggested risk. Use Nextmart Downside Deviation of 59.77, mean deviation of 35.58, and Risk Adjusted Performance of 0.175 to evaluate company specific risk that cannot be diversified away. Nextmart holds a performance score of 10 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -2.33, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Nextmart are expected to decrease by larger amounts. On the other hand, during market turmoil, Nextmart is expected to outperform it. Use Nextmart treynor ratio, expected short fall, as well as the relationship between the Expected Short fall and day typical price , to analyze future returns on Nextmart.
Auto-correlation | 0.67 |
Good predictability
Nextmart has good predictability. Overlapping area represents the amount of predictability between Nextmart time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Nextmart price movement. The serial correlation of 0.67 indicates that around 67.0% of current Nextmart price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nextmart lagged returns against current returns
Autocorrelation, which is Nextmart pink sheet'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 Nextmart's pink sheet expected returns. We can calculate the autocorrelation of Nextmart returns to help us make a trade decision. For example, suppose you find that Nextmart has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Nextmart 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 Nextmart pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nextmart pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nextmart pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nextmart Lagged Returns
When evaluating Nextmart's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nextmart pink sheet have on its future price. Nextmart 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, Nextmart autocorrelation shows the relationship between Nextmart pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nextmart.
Regressed Prices |
| Timeline |
Pair Trading with Nextmart
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nextmart position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nextmart will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Nextmart could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nextmart when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nextmart - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nextmart to buy it.
The correlation of Nextmart is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nextmart moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nextmart moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nextmart can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Nextmart Pink Sheet Analysis
When running Nextmart's price analysis, check to measure Nextmart'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 Nextmart is operating at the current time. Most of Nextmart's value examination focuses on studying past and present price action to predict the probability of Nextmart's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nextmart's price. Additionally, you may evaluate how the addition of Nextmart to your portfolios can decrease your overall portfolio volatility.