Nexstar Media's market value is the price at which a share of Nexstar Media trades on a public exchange. It measures the collective expectations of Nexstar Media Group investors about its performance. Nexstar Media is trading at 155.50 as of the 9th of January 2025. This is a 0.32 percent increase since the beginning of the trading day. The stock's lowest day price was 155.5. With this module, you can estimate the performance of a buy and hold strategy of Nexstar Media Group and determine expected loss or profit from investing in Nexstar Media over a given investment horizon. Check out Nexstar Media Correlation, Nexstar Media Volatility and Nexstar Media Alpha and Beta module to complement your research on Nexstar Media.
Please note, there is a significant difference between Nexstar Media's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nexstar Media is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nexstar Media'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.
Nexstar Media '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 Nexstar Media'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 Nexstar Media.
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11/10/2024
No Change 0.00
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In 2 months and 2 days
01/09/2025
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If you would invest 0.00 in Nexstar Media on November 10, 2024 and sell it all today you would earn a total of 0.00 from holding Nexstar Media Group or generate 0.0% return on investment in Nexstar Media over 60 days. Nexstar Media is related to or competes with Zijin Mining, Perseus Mining, FIREWEED METALS, BW OFFSHORE, SIEM OFFSHORE, WT OFFSHORE, and CARSALESCOM. Nexstar Media Group, Inc. operates as a television broadcasting and digital media company in the United States More
Nexstar Media 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 Nexstar Media'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 Nexstar Media Group upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nexstar Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nexstar Media's standard deviation. In reality, there are many statistical measures that can use Nexstar Media historical prices to predict the future Nexstar Media's volatility.
At this point, Nexstar Media is very steady. Nexstar Media Group has Sharpe Ratio of 0.0362, which conveys that the firm had a 0.0362% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nexstar Media, which you can use to evaluate the volatility of the firm. Please verify Nexstar Media's Risk Adjusted Performance of 0.0568, downside deviation of 1.7, and Mean Deviation of 1.24 to check out if the risk estimate we provide is consistent with the expected return of 0.0643%. Nexstar Media has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0912, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nexstar Media are expected to decrease at a much lower rate. During the bear market, Nexstar Media is likely to outperform the market. Nexstar Media Group right now secures a risk of 1.78%. Please verify Nexstar Media Group value at risk, expected short fall, rate of daily change, as well as the relationship between the downside variance and kurtosis , to decide if Nexstar Media Group will be following its current price movements.
Auto-correlation
-0.15
Insignificant reverse predictability
Nexstar Media Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between Nexstar Media time series from 10th of November 2024 to 10th of December 2024 and 10th of December 2024 to 9th 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 Nexstar Media Group price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Nexstar Media price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.15
Spearman Rank Test
-0.08
Residual Average
0.0
Price Variance
4.98
Nexstar Media Group lagged returns against current returns
Autocorrelation, which is Nexstar Media 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 Nexstar Media's stock expected returns. We can calculate the autocorrelation of Nexstar Media returns to help us make a trade decision. For example, suppose you find that Nexstar Media 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
Nexstar Media 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 Nexstar Media stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nexstar Media stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nexstar Media stock over time.
Current vs Lagged Prices
Timeline
Nexstar Media Lagged Returns
When evaluating Nexstar Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nexstar Media stock have on its future price. Nexstar Media 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, Nexstar Media autocorrelation shows the relationship between Nexstar Media stock current value and its past values and can show if there is a momentum factor associated with investing in Nexstar Media Group.
Nexstar Media financial ratios help investors to determine whether Nexstar 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 Nexstar with respect to the benefits of owning Nexstar Media security.