Nextplay Financial Statements From 2010 to 2025
| NXTPDelisted Stock | USD 1.10 0.09 7.56% |
Check Nextplay Technologies financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Nextplay Technologies' main balance sheet or income statement drivers, such as , as well as many indicators such as . Nextplay financial statements analysis is a perfect complement when working with Nextplay Technologies Valuation or Volatility modules.
Nextplay |
Nextplay Technologies OTC Stock Return On Equity Analysis
Nextplay Technologies' Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Nextplay Technologies Return On Equity | -0.56 |
Most of Nextplay Technologies' fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Nextplay Technologies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
CompetitionBased on the latest financial disclosure, Nextplay Technologies has a Return On Equity of -0.565. This is 95.3% lower than that of the Media sector and significantly lower than that of the Communication Services industry. The return on equity for all United States stocks is 82.26% higher than that of the company.
Nextplay Technologies Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Nextplay Technologies's current stock value. Our valuation model uses many indicators to compare Nextplay Technologies value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nextplay Technologies competition to find correlations between indicators driving Nextplay Technologies's intrinsic value. More Info.Nextplay Technologies is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Nextplay Technologies' earnings, one of the primary drivers of an investment's value.About Nextplay Technologies Financial Statements
Nextplay Technologies shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Nextplay Technologies investors may analyze each financial statement separately, they are all interrelated. The changes in Nextplay Technologies' assets and liabilities, for example, are also reflected in the revenues and expenses on on Nextplay Technologies' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
NextPlay Technologies, Inc., a technology solutions company, provides games, in-game advertising, digital asset products and services, connected TV, and travel booking services to consumers and corporations in the United States, Puerto Rico, Europe, and Thailand. The company was incorporated in 2005 and is based in Sunrise, Florida. Nextplay Technologies operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. It employs 250 people.
Pair Trading with Nextplay Technologies
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 Nextplay Technologies 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 Nextplay Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Nextplay OTC Stock
Moving against Nextplay OTC Stock
| 0.78 | NN | Nextnav Acquisition Corp | PairCorr |
| 0.6 | EVCM | EverCommerce | PairCorr |
| 0.59 | EVTC | Evertec | PairCorr |
| 0.52 | VRNT | Verint Systems | PairCorr |
| 0.49 | ZS | Zscaler | PairCorr |
The ability to find closely correlated positions to Nextplay Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nextplay Technologies 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 Nextplay Technologies - 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 Nextplay Technologies to buy it.
The correlation of Nextplay Technologies 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 Nextplay Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nextplay Technologies 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 Nextplay Technologies 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 Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Other Consideration for investing in Nextplay OTC Stock
If you are still planning to invest in Nextplay Technologies check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Nextplay Technologies' history and understand the potential risks before investing.
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