Nyxio Tech Corp Stock Market Value
| NYXO Stock | USD 0.0001 0.00 0.00% |
| Symbol | Nyxio |
Nyxio Tech Corp Price To Book Ratio
Is Consumer Electronics 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 Nyxio Tech. If investors know Nyxio 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 Nyxio Tech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 7.5 | Revenue Per Share 0.007 | Return On Assets (155.74) |
The market value of Nyxio Tech Corp is measured differently than its book value, which is the value of Nyxio that is recorded on the company's balance sheet. Investors also form their own opinion of Nyxio Tech's value that differs from its market value or its book value, called intrinsic value, which is Nyxio Tech'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 Nyxio Tech's market value can be influenced by many factors that don't directly affect Nyxio Tech'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 Nyxio Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nyxio Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nyxio Tech'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.
Nyxio Tech '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 Nyxio Tech'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 Nyxio Tech.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Nyxio Tech on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Nyxio Tech Corp or generate 0.0% return on investment in Nyxio Tech over 30 days. Nyxio Tech is related to or competes with Sony Group, Wearable Devices, Sonos, GoPro, and Vuzix Corp. Nyxio Technologies Corporation develops and distributes various products for consumer electronics market More
Nyxio Tech 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 Nyxio Tech'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 Nyxio Tech Corp upside and downside potential and time the market with a certain degree of confidence.
Nyxio Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nyxio Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nyxio Tech's standard deviation. In reality, there are many statistical measures that can use Nyxio Tech historical prices to predict the future Nyxio Tech's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nyxio Tech'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.
Nyxio Tech Corp Backtested Returns
We have found three technical indicators for Nyxio Tech, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Nyxio Tech are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Nyxio Tech Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Nyxio Tech time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 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 Nyxio Tech Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Nyxio Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nyxio Tech Corp lagged returns against current returns
Autocorrelation, which is Nyxio Tech 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 Nyxio Tech's stock expected returns. We can calculate the autocorrelation of Nyxio Tech returns to help us make a trade decision. For example, suppose you find that Nyxio Tech 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 |
Nyxio Tech 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 Nyxio Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nyxio Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nyxio Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Nyxio Tech Lagged Returns
When evaluating Nyxio Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nyxio Tech stock have on its future price. Nyxio Tech 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, Nyxio Tech autocorrelation shows the relationship between Nyxio Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Nyxio Tech Corp.
Regressed Prices |
| Timeline |
Pair Trading with Nyxio Tech
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 Nyxio Tech 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 Nyxio Tech will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Nyxio Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nyxio Tech 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 Nyxio Tech - 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 Nyxio Tech Corp to buy it.
The correlation of Nyxio Tech 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 Nyxio Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nyxio Tech Corp 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 Nyxio Tech 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.Check out Nyxio Tech Correlation, Nyxio Tech Volatility and Nyxio Tech Alpha and Beta module to complement your research on Nyxio Tech. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Nyxio Tech 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.