Nexe Innovations Stock Market Value
| NEXNF Stock | USD 0.25 0.02 7.41% |
| Symbol | NEXE |
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' otc 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.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in NEXE Innovations on December 21, 2024 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 30 days. NEXE Innovations is related to or competes with Imaflex, Karat Packaging, DSS, Myers Industries, O I, Pactiv Evergreen, and Greif Bros. 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' otc 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 | 4.39 | |||
| Information Ratio | 0.0159 | |||
| Maximum Drawdown | 24.07 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 8.0 |
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 | 0.0268 | |||
| Jensen Alpha | 0.0845 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0169 | |||
| Treynor Ratio | 0.1997 |
NEXE Innovations Backtested Returns
NEXE Innovations has Sharpe Ratio of -0.0358, which conveys that the firm had a -0.0358 % return per unit of standard deviation over the last 3 months. NEXE Innovations exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NEXE Innovations' Risk Adjusted Performance of 0.0268, mean deviation of 3.4, and Market Risk Adjusted Performance of 0.2097 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.47, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NEXE Innovations' returns are expected to increase less than the market. However, during the bear market, the loss of holding NEXE Innovations is expected to be smaller as well. At this point, NEXE Innovations has a negative expected return of -0.15%. Please make sure to verify NEXE Innovations' downside variance and the relationship between the kurtosis and period momentum indicator , to decide if NEXE Innovations performance from the past will be repeated at future time.
Auto-correlation | 0.61 |
Good predictability
NEXE Innovations has good predictability. Overlapping area represents the amount of predictability between NEXE Innovations time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th of January 2025. 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 0.61 indicates that roughly 61.0% of current NEXE Innovations price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NEXE Innovations lagged returns against current returns
Autocorrelation, which is NEXE Innovations otc 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' otc 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 otc 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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEXE Innovations otc 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 otc 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 otc 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 otc 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in NEXE OTC Stock
NEXE Innovations financial ratios help investors to determine whether NEXE OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NEXE with respect to the benefits of owning NEXE Innovations security.