NEXE Innovations' market value is the price at which a share of NEXE Innovations trades on a public exchange. It measures the collective expectations of NEXE Innovations investors about its performance. NEXE Innovations is trading at 0.27 as of the 10th of January 2025. This is a 8.00 percent increase since the beginning of the trading day. The stock's lowest day price was 0.27. With this module, you can estimate the performance of a buy and hold strategy of NEXE Innovations and determine expected loss or profit from investing in NEXE Innovations over a given investment horizon. Check out NEXE Innovations Correlation, NEXE Innovations Volatility and NEXE Innovations Alpha and Beta module to complement your research on NEXE Innovations.
Please note, there is a significant difference between NEXE Innovations' value and its price as these two are different measures arrived at by different means. Investors typically determine if NEXE Innovations is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NEXE Innovations' 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.
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.
0.00
12/11/2024
No Change 0.00
0.0
In 31 days
01/10/2025
0.00
If you would invest 0.00 in NEXE Innovations on December 11, 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.
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.
NEXE Innovations appears to be out of control, given 3 months investment horizon. NEXE Innovations has Sharpe Ratio of 0.0496, which conveys that the firm had a 0.0496% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for NEXE Innovations, which you can use to evaluate the volatility of the firm. Please exercise NEXE Innovations' Market Risk Adjusted Performance of 0.3273, risk adjusted performance of 0.0478, and Mean Deviation of 3.22 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 3. The company secures a Beta (Market Risk) of 0.66, 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. Please check NEXE Innovations' downside variance, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether NEXE Innovations' current price movements will revert.
Auto-correlation
0.41
Average predictability
NEXE Innovations has average predictability. Overlapping area represents the amount of predictability between NEXE Innovations time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th 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 0.41 indicates that just about 41.0% of current NEXE Innovations price fluctuation can be explain by its past prices.
Correlation Coefficient
0.41
Spearman Rank Test
-0.3
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.
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.