Nextnav Acquisition Corp Stock Statistic Functions Pearson Correlation Coefficient

NN Stock  USD 15.87  0.33  2.12%   
Nextnav Acquisition statistic functions tool provides the execution environment for running the Pearson Correlation Coefficient function and other technical functions against Nextnav Acquisition. Nextnav Acquisition value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Pearson Correlation Coefficient function function is designed to identify and follow existing trends. Nextnav Acquisition statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

Function
Time Period
Execute Function
The output start index for this execution was two with a total number of output elements of fifty-nine. The Pearsons Correlation Coefficient is one of the most common measures of correlation in financial statistics. It shows the linear relationship between price series of Nextnav Acquisition Corp and its benchmark or peer.

Nextnav Acquisition Technical Analysis Modules

Most technical analysis of Nextnav Acquisition help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Nextnav from various momentum indicators to cycle indicators. When you analyze Nextnav charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Nextnav Acquisition Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nextnav Acquisition Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Nextnav Acquisition Corp based on widely used predictive technical indicators. In general, we focus on analyzing Nextnav Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Nextnav Acquisition's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Nextnav Acquisition's intrinsic value. In addition to deriving basic predictive indicators for Nextnav Acquisition, we also check how macroeconomic factors affect Nextnav Acquisition price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2023 2024 (projected)
Payables Turnover32.5916.55
Days Of Inventory On Hand211.39187.9
Hype
Prediction
LowEstimatedHigh
10.3414.1617.98
Details
Intrinsic
Valuation
LowRealHigh
7.3311.1517.46
Details
Naive
Forecast
LowNextHigh
11.6015.4219.24
Details
2 Analysts
Consensus
LowTargetHigh
8.199.009.99
Details

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nextnav Acquisition Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
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Is Application Software 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 Nextnav Acquisition. If investors know Nextnav 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 Nextnav Acquisition listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.74)
Revenue Per Share
0.043
Quarterly Revenue Growth
0.565
Return On Assets
(0.24)
Return On Equity
(1.15)
The market value of Nextnav Acquisition Corp is measured differently than its book value, which is the value of Nextnav that is recorded on the company's balance sheet. Investors also form their own opinion of Nextnav Acquisition's value that differs from its market value or its book value, called intrinsic value, which is Nextnav Acquisition'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 Nextnav Acquisition's market value can be influenced by many factors that don't directly affect Nextnav Acquisition'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 Nextnav Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nextnav Acquisition is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nextnav Acquisition'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.