Nextedia (France) Market Value

ALNXT Stock  EUR 0.43  0.01  2.27%   
Nextedia's market value is the price at which a share of Nextedia trades on a public exchange. It measures the collective expectations of Nextedia investors about its performance. Nextedia is selling at 0.43 as of the 23rd of December 2024; that is 2.27% down since the beginning of the trading day. The stock's last reported lowest price was 0.41.
With this module, you can estimate the performance of a buy and hold strategy of Nextedia and determine expected loss or profit from investing in Nextedia over a given investment horizon. Check out Nextedia Correlation, Nextedia Volatility and Nextedia Alpha and Beta module to complement your research on Nextedia.
Symbol

Please note, there is a significant difference between Nextedia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nextedia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nextedia'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.

Nextedia '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 Nextedia'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 Nextedia.
0.00
04/27/2024
No Change 0.00  0.0 
In 7 months and 28 days
12/23/2024
0.00
If you would invest  0.00  in Nextedia on April 27, 2024 and sell it all today you would earn a total of 0.00 from holding Nextedia or generate 0.0% return on investment in Nextedia over 240 days. Nextedia is related to or competes with Blockchain Group, DBT SA, Acheter Louer, and Reworld Media. Nextedia S.A. provides digital marketing services in France More

Nextedia 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 Nextedia'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 Nextedia upside and downside potential and time the market with a certain degree of confidence.

Nextedia Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nextedia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nextedia's standard deviation. In reality, there are many statistical measures that can use Nextedia historical prices to predict the future Nextedia's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nextedia'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.
Hype
Prediction
LowEstimatedHigh
0.020.434.18
Details
Intrinsic
Valuation
LowRealHigh
0.020.384.13
Details

Nextedia Backtested Returns

Nextedia has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12% return per unit of risk over the last 3 months. Nextedia exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nextedia's Risk Adjusted Performance of (0.09), mean deviation of 2.57, and Standard Deviation of 3.76 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nextedia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nextedia is expected to be smaller as well. At this point, Nextedia has a negative expected return of -0.47%. Please make sure to verify Nextedia's maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Nextedia performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.66  

Good predictability

Nextedia has good predictability. Overlapping area represents the amount of predictability between Nextedia time series from 27th of April 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Nextedia price movement. The serial correlation of 0.66 indicates that around 66.0% of current Nextedia price fluctuation can be explain by its past prices.
Correlation Coefficient0.66
Spearman Rank Test0.38
Residual Average0.0
Price Variance0.0

Nextedia lagged returns against current returns

Autocorrelation, which is Nextedia 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 Nextedia's stock expected returns. We can calculate the autocorrelation of Nextedia returns to help us make a trade decision. For example, suppose you find that Nextedia 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  

Nextedia 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 Nextedia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nextedia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nextedia stock over time.
   Current vs Lagged Prices   
       Timeline  

Nextedia Lagged Returns

When evaluating Nextedia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nextedia stock have on its future price. Nextedia 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, Nextedia autocorrelation shows the relationship between Nextedia stock current value and its past values and can show if there is a momentum factor associated with investing in Nextedia.
   Regressed Prices   
       Timeline  

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Additional Tools for Nextedia Stock Analysis

When running Nextedia's price analysis, check to measure Nextedia'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 Nextedia is operating at the current time. Most of Nextedia's value examination focuses on studying past and present price action to predict the probability of Nextedia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nextedia's price. Additionally, you may evaluate how the addition of Nextedia to your portfolios can decrease your overall portfolio volatility.