Nextplat Corp Stock Market Value
| NXPL Stock | USD 0.90 0.06 6.25% |
| Symbol | Nextplat |
Nextplat Corp Price To Book Ratio
Is Application Software 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 Nextplat Corp. If investors know Nextplat 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 Nextplat Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.68) | Revenue Per Share 3.541 | Quarterly Revenue Growth 4.745 | Return On Assets (0.12) | Return On Equity (0.59) |
The market value of Nextplat Corp is measured differently than its book value, which is the value of Nextplat that is recorded on the company's balance sheet. Investors also form their own opinion of Nextplat Corp's value that differs from its market value or its book value, called intrinsic value, which is Nextplat Corp'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 Nextplat Corp's market value can be influenced by many factors that don't directly affect Nextplat Corp'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 Nextplat Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nextplat Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nextplat Corp'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.
Nextplat Corp '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 Nextplat Corp'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 Nextplat Corp.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Nextplat Corp on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Nextplat Corp or generate 0.0% return on investment in Nextplat Corp over 180 days. Nextplat Corp is related to or competes with RenoWorks Software, LifeSpeak, Where Food, Waldencast Acquisition, TROOPS, and Dave Warrants. NextPlat Corp, together with its subsidiaries, provides mobile satellite services solutions for satellite-enabled voice,... More
Nextplat Corp 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 Nextplat Corp'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 Nextplat Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 34.56 | |||
| Value At Risk | (7.80) | |||
| Potential Upside | 4.88 |
Nextplat Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nextplat Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nextplat Corp's standard deviation. In reality, there are many statistical measures that can use Nextplat Corp historical prices to predict the future Nextplat Corp's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | 11.43 |
Nextplat Corp Backtested Returns
Nextplat Corp has Sharpe Ratio of -0.0744, which conveys that the firm had a -0.0744% return per unit of risk over the last 3 months. Nextplat Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nextplat Corp's Mean Deviation of 2.83, standard deviation of 4.76, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0162, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nextplat Corp are expected to decrease at a much lower rate. During the bear market, Nextplat Corp is likely to outperform the market. At this point, Nextplat Corp has a negative expected return of -0.36%. Please make sure to verify Nextplat Corp's potential upside, rate of daily change, as well as the relationship between the Rate Of Daily Change and relative strength index , to decide if Nextplat Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.29 |
Weak reverse predictability
Nextplat Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Nextplat Corp time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 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 Nextplat Corp price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Nextplat Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Nextplat Corp lagged returns against current returns
Autocorrelation, which is Nextplat Corp 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 Nextplat Corp's stock expected returns. We can calculate the autocorrelation of Nextplat Corp returns to help us make a trade decision. For example, suppose you find that Nextplat Corp 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 |
Nextplat Corp 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 Nextplat Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nextplat Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nextplat Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Nextplat Corp Lagged Returns
When evaluating Nextplat Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nextplat Corp stock have on its future price. Nextplat Corp 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, Nextplat Corp autocorrelation shows the relationship between Nextplat Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Nextplat Corp.
Regressed Prices |
| Timeline |
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Nextplat Corp 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.