Nxu Inc Stock Market Value
| NXU Stock | USD 0.27 0.01 3.85% |
| Symbol | Nxu |
Nxu Inc Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 Nxu. If investors know Nxu 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 Nxu listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 72.45 | Revenue Per Share 0.097 | Return On Assets (1.65) | Return On Equity (6.43) |
The market value of Nxu Inc is measured differently than its book value, which is the value of Nxu that is recorded on the company's balance sheet. Investors also form their own opinion of Nxu's value that differs from its market value or its book value, called intrinsic value, which is Nxu'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 Nxu's market value can be influenced by many factors that don't directly affect Nxu'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 Nxu's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nxu is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nxu'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.
Nxu '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 Nxu'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 Nxu.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Nxu on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Nxu Inc or generate 0.0% return on investment in Nxu over 30 days. Nxu is related to or competes with Chardan NexTech, Polar Power, Eos Energy, Sunrise New, AFC Energy, Pioneer Power, and CBAK Energy. Novus Capital Corporation II does not have significant operations More
Nxu 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 Nxu'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 Nxu Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.18 | |||
| Information Ratio | 0.0361 | |||
| Maximum Drawdown | 178.89 | |||
| Value At Risk | (12.12) | |||
| Potential Upside | 16.67 |
Nxu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nxu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nxu's standard deviation. In reality, there are many statistical measures that can use Nxu historical prices to predict the future Nxu's volatility.| Risk Adjusted Performance | 0.0425 | |||
| Jensen Alpha | 1.01 | |||
| Total Risk Alpha | (2.21) | |||
| Sortino Ratio | 0.0683 | |||
| 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 Nxu'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.
Nxu Inc Backtested Returns
Nxu appears to be out of control, given 3 months investment horizon. Nxu Inc 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. By analyzing Nxu's technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please exercise Nxu's Downside Deviation of 10.18, risk adjusted performance of 0.0425, and Mean Deviation of 7.85 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nxu holds a performance score of 3. The company secures a Beta (Market Risk) of -1.64, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Nxu are expected to decrease by larger amounts. On the other hand, during market turmoil, Nxu is expected to outperform it. Please check Nxu's semi variance, as well as the relationship between the rate of daily change and relative strength index , to make a quick decision on whether Nxu's current price movements will revert.
Auto-correlation | 0.12 |
Insignificant predictability
Nxu Inc has insignificant predictability. Overlapping area represents the amount of predictability between Nxu time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Nxu Inc price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Nxu price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nxu Inc lagged returns against current returns
Autocorrelation, which is Nxu 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 Nxu's stock expected returns. We can calculate the autocorrelation of Nxu returns to help us make a trade decision. For example, suppose you find that Nxu 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 |
Nxu 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 Nxu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nxu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nxu stock over time.
Current vs Lagged Prices |
| Timeline |
Nxu Lagged Returns
When evaluating Nxu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nxu stock have on its future price. Nxu 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, Nxu autocorrelation shows the relationship between Nxu stock current value and its past values and can show if there is a momentum factor associated with investing in Nxu Inc.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Nxu Stock Analysis
When running Nxu's price analysis, check to measure Nxu'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 Nxu is operating at the current time. Most of Nxu's value examination focuses on studying past and present price action to predict the probability of Nxu's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nxu's price. Additionally, you may evaluate how the addition of Nxu to your portfolios can decrease your overall portfolio volatility.