Next Generation Management Stock Market Value
| NGMC Stock | USD 0 0.0001 7.14% |
| Symbol | Next |
Next Generation '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 Next Generation's pink sheet 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 Next Generation.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Next Generation on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Next Generation Management or generate 0.0% return on investment in Next Generation over 720 days. Next Generation is related to or competes with SNDL, Shuttle Pharmaceuticals, Aurora Cannabis, Teva Pharma, Elanco Animal, Viatris, and Catalent. Next Generation Management Corp. operates a medical marijuana dispensary in Hollywood, California More
Next Generation 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 Next Generation's pink sheet 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 Next Generation Management upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 23.14 | |||
| Information Ratio | 0.108 | |||
| Maximum Drawdown | 155.46 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 36.36 |
Next Generation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Next Generation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Next Generation's standard deviation. In reality, there are many statistical measures that can use Next Generation historical prices to predict the future Next Generation's volatility.| Risk Adjusted Performance | 0.0916 | |||
| Jensen Alpha | 2.62 | |||
| Total Risk Alpha | (0.64) | |||
| Sortino Ratio | 0.108 | |||
| Treynor Ratio | (13.01) |
Next Generation Mana Backtested Returns
Next Generation is out of control given 3 months investment horizon. Next Generation Mana has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have collected data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.69% are justified by taking the suggested risk. Use Next Generation Mana Downside Deviation of 23.14, mean deviation of 12.7, and Risk Adjusted Performance of 0.0916 to evaluate company specific risk that cannot be diversified away. Next Generation holds a performance score of 9 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Next Generation are expected to decrease at a much lower rate. During the bear market, Next Generation is likely to outperform the market. Use Next Generation Mana potential upside, accumulation distribution, period momentum indicator, as well as the relationship between the expected short fall and day median price , to analyze future returns on Next Generation Mana.
Auto-correlation | -0.29 |
Weak reverse predictability
Next Generation Management has weak reverse predictability. Overlapping area represents the amount of predictability between Next Generation time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Next Generation Mana price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Next Generation price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Next Generation Mana lagged returns against current returns
Autocorrelation, which is Next Generation pink sheet'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 Next Generation's pink sheet expected returns. We can calculate the autocorrelation of Next Generation returns to help us make a trade decision. For example, suppose you find that Next Generation has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Next Generation 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 Next Generation pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Next Generation pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Next Generation pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Next Generation Lagged Returns
When evaluating Next Generation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Next Generation pink sheet have on its future price. Next Generation 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, Next Generation autocorrelation shows the relationship between Next Generation pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Next Generation Management.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Next Pink Sheet
Next Generation financial ratios help investors to determine whether Next Pink Sheet 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 Next with respect to the benefits of owning Next Generation security.