Nextleaf Solutions Stock Market Value
| OILFF Stock | USD 0.05 0 2.86% |
| Symbol | Nextleaf |
Nextleaf Solutions '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 Nextleaf Solutions' otc 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 Nextleaf Solutions.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Nextleaf Solutions on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Nextleaf Solutions or generate 0.0% return on investment in Nextleaf Solutions over 540 days. Nextleaf Solutions is related to or competes with C21 Investments, and Grown Rogue. Nextleaf Solutions Ltd., a cannabis extraction technology company, develops and licenses technology for the extraction, ... More
Nextleaf Solutions 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 Nextleaf Solutions' otc 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 Nextleaf Solutions upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 32.33 | |||
| Value At Risk | (12.99) | |||
| Potential Upside | 13.7 |
Nextleaf Solutions Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nextleaf Solutions' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nextleaf Solutions' standard deviation. In reality, there are many statistical measures that can use Nextleaf Solutions historical prices to predict the future Nextleaf Solutions' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0687 | |||
| Total Risk Alpha | (1.41) | |||
| Treynor Ratio | 0.0873 |
Nextleaf Solutions Backtested Returns
At this point, Nextleaf Solutions is out of control. Nextleaf Solutions has Sharpe Ratio of 0.0179, which conveys that the firm had a 0.0179% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Nextleaf Solutions, which you can use to evaluate the volatility of the firm. Please verify Nextleaf Solutions' Risk Adjusted Performance of (0.01), standard deviation of 7.54, and Mean Deviation of 5.82 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. Nextleaf Solutions has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -1.7, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Nextleaf Solutions are expected to decrease by larger amounts. On the other hand, during market turmoil, Nextleaf Solutions is expected to outperform it. Nextleaf Solutions right now secures a risk of 7.39%. Please verify Nextleaf Solutions accumulation distribution, as well as the relationship between the day median price and price action indicator , to decide if Nextleaf Solutions will be following its current price movements.
Auto-correlation | -0.39 |
Poor reverse predictability
Nextleaf Solutions has poor reverse predictability. Overlapping area represents the amount of predictability between Nextleaf Solutions time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 Nextleaf Solutions price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Nextleaf Solutions price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nextleaf Solutions lagged returns against current returns
Autocorrelation, which is Nextleaf Solutions otc 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 Nextleaf Solutions' otc stock expected returns. We can calculate the autocorrelation of Nextleaf Solutions returns to help us make a trade decision. For example, suppose you find that Nextleaf Solutions has exhibited high autocorrelation historically, and you observe that the otc 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 |
Nextleaf Solutions 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 Nextleaf Solutions otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nextleaf Solutions otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nextleaf Solutions otc stock over time.
Current vs Lagged Prices |
| Timeline |
Nextleaf Solutions Lagged Returns
When evaluating Nextleaf Solutions' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nextleaf Solutions otc stock have on its future price. Nextleaf Solutions 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, Nextleaf Solutions autocorrelation shows the relationship between Nextleaf Solutions otc stock current value and its past values and can show if there is a momentum factor associated with investing in Nextleaf Solutions.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nextleaf OTC Stock
Nextleaf Solutions financial ratios help investors to determine whether Nextleaf OTC 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 Nextleaf with respect to the benefits of owning Nextleaf Solutions security.