Nixxy, Inc Stock Market Value
| NIXX Stock | 3.42 0.57 20.00% |
| Symbol | Nixxy, |
Is Business Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nixxy,. If investors know Nixxy, will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nixxy, listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Nixxy, Inc is measured differently than its book value, which is the value of Nixxy, that is recorded on the company's balance sheet. Investors also form their own opinion of Nixxy,'s value that differs from its market value or its book value, called intrinsic value, which is Nixxy,'s true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nixxy,'s market value can be influenced by many factors that don't directly affect Nixxy,'s underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nixxy,'s value and its price as these two are different measures arrived at by different means. Investors typically determine if Nixxy, is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nixxy,'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.
Nixxy, '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 Nixxy,'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 Nixxy,.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Nixxy, on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Nixxy, Inc or generate 0.0% return on investment in Nixxy, over 30 days. Nixxy, is related to or competes with Entravision Communications, Fluent, WT Offshore, Summit Materials, National CineMedia, and Harmony Gold. Nixxy, is entity of United States. It is traded as Stock on NASDAQ exchange. More
Nixxy, 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 Nixxy,'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 Nixxy, Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.52 | |||
| Information Ratio | 0.0866 | |||
| Maximum Drawdown | 29.68 | |||
| Value At Risk | (8.78) | |||
| Potential Upside | 10.82 |
Nixxy, Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nixxy,'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nixxy,'s standard deviation. In reality, there are many statistical measures that can use Nixxy, historical prices to predict the future Nixxy,'s volatility.| Risk Adjusted Performance | 0.0889 | |||
| Jensen Alpha | 0.7802 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0965 | |||
| Treynor Ratio | (0.46) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nixxy,'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.
Nixxy, Inc Backtested Returns
Nixxy, appears to be dangerous, given 3 months investment horizon. Nixxy, Inc has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. By analyzing Nixxy,'s technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please exercise Nixxy,'s Downside Deviation of 5.52, mean deviation of 4.7, and Risk Adjusted Performance of 0.0889 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nixxy, holds a performance score of 11. The company secures a Beta (Market Risk) of -1.39, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Nixxy, are expected to decrease by larger amounts. On the other hand, during market turmoil, Nixxy, is expected to outperform it. Please check Nixxy,'s treynor ratio, expected short fall, as well as the relationship between the Expected Short fall and day median price , to make a quick decision on whether Nixxy,'s current price movements will revert.
Auto-correlation | -0.34 |
Poor reverse predictability
Nixxy, Inc has poor reverse predictability. Overlapping area represents the amount of predictability between Nixxy, time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Nixxy, Inc price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Nixxy, price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Nixxy, Inc lagged returns against current returns
Autocorrelation, which is Nixxy, 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 Nixxy,'s stock expected returns. We can calculate the autocorrelation of Nixxy, returns to help us make a trade decision. For example, suppose you find that Nixxy, 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 |
Nixxy, 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 Nixxy, stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nixxy, stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nixxy, stock over time.
Current vs Lagged Prices |
| Timeline |
Nixxy, Lagged Returns
When evaluating Nixxy,'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nixxy, stock have on its future price. Nixxy, 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, Nixxy, autocorrelation shows the relationship between Nixxy, stock current value and its past values and can show if there is a momentum factor associated with investing in Nixxy, Inc.
Regressed Prices |
| Timeline |
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When running Nixxy,'s price analysis, check to measure Nixxy,'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 Nixxy, is operating at the current time. Most of Nixxy,'s value examination focuses on studying past and present price action to predict the probability of Nixxy,'s future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nixxy,'s price. Additionally, you may evaluate how the addition of Nixxy, to your portfolios can decrease your overall portfolio volatility.