Nexe Innovations Stock Market Value
| NEXE Stock | CAD 0.41 0.01 2.50% |
| Symbol | NEXE |
NEXE Innovations Price To Book Ratio
NEXE Innovations '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 NEXE Innovations' 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 NEXE Innovations.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in NEXE Innovations on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding NEXE Innovations or generate 0.0% return on investment in NEXE Innovations over 720 days. NEXE Innovations is related to or competes with K Bro, Keg Royalties, Pollard Banknote, SIR Royalty, and Calian Technologies. NEXE Innovations Inc. designs, develops, manufactures, and sells plant-based single-serve coffee pods for use in single-... More
NEXE Innovations 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 NEXE Innovations' 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 NEXE Innovations upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.66 | |||
| Information Ratio | 0.0992 | |||
| Maximum Drawdown | 40.97 | |||
| Value At Risk | (6.82) | |||
| Potential Upside | 10.53 |
NEXE Innovations Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEXE Innovations' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEXE Innovations' standard deviation. In reality, there are many statistical measures that can use NEXE Innovations historical prices to predict the future NEXE Innovations' volatility.| Risk Adjusted Performance | 0.1015 | |||
| Jensen Alpha | 0.8122 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | 0.1096 | |||
| Treynor Ratio | (1.47) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NEXE Innovations' 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.
NEXE Innovations Backtested Returns
NEXE Innovations appears to be out of control, given 3 months investment horizon. NEXE Innovations has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of standard deviation over the last 3 months. By inspecting NEXE Innovations' technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please exercise NEXE Innovations' Mean Deviation of 4.15, risk adjusted performance of 0.1015, and Market Risk Adjusted Performance of (1.46) to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NEXE Innovations holds a performance score of 9. The company secures a Beta (Market Risk) of -0.51, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning NEXE Innovations are expected to decrease at a much lower rate. During the bear market, NEXE Innovations is likely to outperform the market. Please check NEXE Innovations' potential upside, semi variance, and the relationship between the value at risk and downside variance , to make a quick decision on whether NEXE Innovations' current price movements will revert.
Auto-correlation | -0.56 |
Good reverse predictability
NEXE Innovations has good reverse predictability. Overlapping area represents the amount of predictability between NEXE Innovations time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 NEXE Innovations price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current NEXE Innovations price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NEXE Innovations lagged returns against current returns
Autocorrelation, which is NEXE Innovations 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 NEXE Innovations' stock expected returns. We can calculate the autocorrelation of NEXE Innovations returns to help us make a trade decision. For example, suppose you find that NEXE Innovations 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 |
NEXE Innovations 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 NEXE Innovations stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEXE Innovations stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NEXE Innovations stock over time.
Current vs Lagged Prices |
| Timeline |
NEXE Innovations Lagged Returns
When evaluating NEXE Innovations' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEXE Innovations stock have on its future price. NEXE Innovations 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, NEXE Innovations autocorrelation shows the relationship between NEXE Innovations stock current value and its past values and can show if there is a momentum factor associated with investing in NEXE Innovations.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for NEXE Stock Analysis
When running NEXE Innovations' price analysis, check to measure NEXE Innovations' 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 NEXE Innovations is operating at the current time. Most of NEXE Innovations' value examination focuses on studying past and present price action to predict the probability of NEXE Innovations' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NEXE Innovations' price. Additionally, you may evaluate how the addition of NEXE Innovations to your portfolios can decrease your overall portfolio volatility.