Nextnav Acquisition Stock Forecast - Daily Balance Of Power
| NN Stock | USD 15.60 1.16 6.92% |
Nextnav Stock Forecast is based on your current time horizon. Although Nextnav Acquisition's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Nextnav Acquisition's systematic risk associated with finding meaningful patterns of Nextnav Acquisition fundamentals over time.
Nextnav |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.31) | (0.33) |
| Check Nextnav Acquisition Volatility | Backtest Nextnav Acquisition | Trend Details |
Nextnav Acquisition Trading Date Momentum
| On May 21 2024 Nextnav Acquisition Corp was traded for 7.53 at the closing time. The highest price during the trading period was 8.10 and the lowest recorded bid was listed for 7.52 . The volume for the day was 858.5 K. This history from May 21, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 4.68% . The trading delta at closing time to the current price is 1.52% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare Nextnav Acquisition to competition |
Other Forecasting Options for Nextnav Acquisition
For every potential investor in Nextnav, whether a beginner or expert, Nextnav Acquisition's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Nextnav Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Nextnav. Basic forecasting techniques help filter out the noise by identifying Nextnav Acquisition's price trends.Nextnav Acquisition Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nextnav Acquisition stock to make a market-neutral strategy. Peer analysis of Nextnav Acquisition could also be used in its relative valuation, which is a method of valuing Nextnav Acquisition by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Nextnav Acquisition Corp Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Nextnav Acquisition's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Nextnav Acquisition's current price.| Cycle Indicators | ||
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| Volume Indicators |
Nextnav Acquisition Market Strength Events
Market strength indicators help investors to evaluate how Nextnav Acquisition stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nextnav Acquisition shares will generate the highest return on investment. By undertsting and applying Nextnav Acquisition stock market strength indicators, traders can identify Nextnav Acquisition Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 352035.0 | |||
| Daily Balance Of Power | (0.65) | |||
| Rate Of Daily Change | 0.93 | |||
| Day Median Price | 15.94 | |||
| Day Typical Price | 15.83 | |||
| Price Action Indicator | (0.92) | |||
| Period Momentum Indicator | (1.16) | |||
| Relative Strength Index | 72.22 |
Nextnav Acquisition Risk Indicators
The analysis of Nextnav Acquisition's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Nextnav Acquisition's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nextnav stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.76 | |||
| Semi Deviation | 2.7 | |||
| Standard Deviation | 3.68 | |||
| Variance | 13.55 | |||
| Downside Variance | 13.9 | |||
| Semi Variance | 7.27 | |||
| Expected Short fall | (3.30) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Nextnav Acquisition
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 Nextnav Acquisition 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 Nextnav Acquisition will appreciate offsetting losses from the drop in the long position's value.Moving together with Nextnav Stock
Moving against Nextnav Stock
| 0.9 | FAAS | DigiAsia Corp Symbol Change | PairCorr |
| 0.88 | VRNS | Varonis Systems | PairCorr |
| 0.87 | VERI | Veritone | PairCorr |
| 0.75 | MQ | Marqeta | PairCorr |
| 0.72 | DOCN | DigitalOcean Holdings | PairCorr |
The ability to find closely correlated positions to Nextnav Acquisition could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nextnav Acquisition 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 Nextnav Acquisition - 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 Nextnav Acquisition Corp to buy it.
The correlation of Nextnav Acquisition 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 Nextnav Acquisition moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nextnav Acquisition 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 Nextnav Acquisition 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 Historical Fundamental Analysis of Nextnav Acquisition to cross-verify your projections. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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.