NEXON (Germany) Market Value
| 7NX Stock | 13.60 0.20 1.49% |
| Symbol | NEXON |
NEXON '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 NEXON'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 NEXON.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in NEXON on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding NEXON Co or generate 0.0% return on investment in NEXON over 480 days. NEXON is related to or competes with Harmony Gold, Federal Agricultural, Penta Ocean, HYDROFARM HLD, LION ONE, Titan Machinery, and Granite Construction. More
NEXON 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 NEXON'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 NEXON Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 16.62 | |||
| Value At Risk | (3.39) | |||
| Potential Upside | 3.13 |
NEXON Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEXON's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEXON's standard deviation. In reality, there are many statistical measures that can use NEXON historical prices to predict the future NEXON's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | 2.28 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NEXON'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.
NEXON Backtested Returns
NEXON has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of standard deviation over the last 3 months. NEXON exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NEXON's Market Risk Adjusted Performance of 2.29, risk adjusted performance of (0.08), and Mean Deviation of 1.84 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NEXON are expected to decrease at a much lower rate. During the bear market, NEXON is likely to outperform the market. At this point, NEXON has a negative expected return of -0.34%. Please make sure to verify NEXON's skewness, as well as the relationship between the day median price and relative strength index , to decide if NEXON performance from the past will be repeated at future time.
Auto-correlation | 0.57 |
Modest predictability
NEXON Co has modest predictability. Overlapping area represents the amount of predictability between NEXON time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th of December 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 NEXON price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current NEXON price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 16.19 |
NEXON lagged returns against current returns
Autocorrelation, which is NEXON 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 NEXON's stock expected returns. We can calculate the autocorrelation of NEXON returns to help us make a trade decision. For example, suppose you find that NEXON 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 |
NEXON 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 NEXON stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEXON stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NEXON stock over time.
Current vs Lagged Prices |
| Timeline |
NEXON Lagged Returns
When evaluating NEXON's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEXON stock have on its future price. NEXON 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, NEXON autocorrelation shows the relationship between NEXON stock current value and its past values and can show if there is a momentum factor associated with investing in NEXON Co.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for NEXON Stock Analysis
When running NEXON's price analysis, check to measure NEXON's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NEXON is operating at the current time. Most of NEXON's value examination focuses on studying past and present price action to predict the probability of NEXON's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NEXON's price. Additionally, you may evaluate how the addition of NEXON to your portfolios can decrease your overall portfolio volatility.