Nextcom (Israel) Market Value
| NXTM Stock | ILS 593.90 11.20 1.85% |
| Symbol | Nextcom |
Nextcom '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 Nextcom'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 Nextcom.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Nextcom on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Nextcom or generate 0.0% return on investment in Nextcom over 60 days. Nextcom is related to or competes with Bank Leumi, Teva Pharmaceutical, Elbit Systems, and El Al. Nextcom Ltd. designs, plans, constructs, and maintains infrastructure and communication networks for wired and wireless ... More
Nextcom 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 Nextcom'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 Nextcom upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 14.72 | |||
| Value At Risk | (4.14) | |||
| Potential Upside | 4.82 |
Nextcom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nextcom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nextcom's standard deviation. In reality, there are many statistical measures that can use Nextcom historical prices to predict the future Nextcom's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | 1.95 |
Nextcom Backtested Returns
Nextcom has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12% return per unit of risk over the last 3 months. Nextcom exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nextcom's Mean Deviation of 1.76, standard deviation of 2.47, and Risk Adjusted Performance of (0.05) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.1, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nextcom are expected to decrease at a much lower rate. During the bear market, Nextcom is likely to outperform the market. At this point, Nextcom has a negative expected return of -0.28%. Please make sure to verify Nextcom's accumulation distribution, rate of daily change, and the relationship between the kurtosis and daily balance of power , to decide if Nextcom performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Nextcom has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Nextcom time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th 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 Nextcom price movement. The serial correlation of -0.78 indicates that around 78.0% of current Nextcom price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 595.14 |
Nextcom lagged returns against current returns
Autocorrelation, which is Nextcom 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 Nextcom's stock expected returns. We can calculate the autocorrelation of Nextcom returns to help us make a trade decision. For example, suppose you find that Nextcom 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 |
Nextcom 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 Nextcom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nextcom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nextcom stock over time.
Current vs Lagged Prices |
| Timeline |
Nextcom Lagged Returns
When evaluating Nextcom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nextcom stock have on its future price. Nextcom 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, Nextcom autocorrelation shows the relationship between Nextcom stock current value and its past values and can show if there is a momentum factor associated with investing in Nextcom.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Nextcom Stock
Nextcom financial ratios help investors to determine whether Nextcom 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 Nextcom with respect to the benefits of owning Nextcom security.