Nexgel Warrant Stock Market Value
| NXGLW Stock | USD 0.80 0.10 11.11% |
| Symbol | NexGel |
NexGel Warrant Price To Book Ratio
Is Health Care Equipment & Supplies 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 NexGel Warrant. If investors know NexGel 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 NexGel Warrant listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.39) | Revenue Per Share 0.846 | Quarterly Revenue Growth 0.234 | Return On Assets (0.23) | Return On Equity (0.64) |
The market value of NexGel Warrant is measured differently than its book value, which is the value of NexGel that is recorded on the company's balance sheet. Investors also form their own opinion of NexGel Warrant's value that differs from its market value or its book value, called intrinsic value, which is NexGel Warrant'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 NexGel Warrant's market value can be influenced by many factors that don't directly affect NexGel Warrant'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 NexGel Warrant's value and its price as these two are different measures arrived at by different means. Investors typically determine if NexGel Warrant is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NexGel Warrant'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.
NexGel Warrant '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 NexGel Warrant'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 NexGel Warrant.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in NexGel Warrant on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding NexGel Warrant or generate 0.0% return on investment in NexGel Warrant over 30 days. NexGel Warrant is related to or competes with Avita Medical, and Inogen. NEXGEL, Inc. manufactures high water content, electron beam cross-linked, and aqueous polymer hydrogels and gels More
NexGel Warrant 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 NexGel Warrant'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 NexGel Warrant upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.48 | |||
| Information Ratio | 0.1181 | |||
| Maximum Drawdown | 60.67 | |||
| Value At Risk | (13.04) | |||
| Potential Upside | 25.0 |
NexGel Warrant Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NexGel Warrant's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NexGel Warrant's standard deviation. In reality, there are many statistical measures that can use NexGel Warrant historical prices to predict the future NexGel Warrant's volatility.| Risk Adjusted Performance | 0.105 | |||
| Jensen Alpha | 1.47 | |||
| Total Risk Alpha | 1.15 | |||
| Sortino Ratio | 0.1406 | |||
| Treynor Ratio | 1.44 |
NexGel Warrant Backtested Returns
NexGel Warrant is out of control given 3 months investment horizon. NexGel Warrant has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. We were able to break down and interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.96% are justified by taking the suggested risk. Use NexGel Warrant Downside Deviation of 10.48, risk adjusted performance of 0.105, and Mean Deviation of 9.04 to evaluate company specific risk that cannot be diversified away. NexGel Warrant holds a performance score of 12 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 1.04, which conveys a somewhat significant risk relative to the market. NexGel Warrant returns are very sensitive to returns on the market. As the market goes up or down, NexGel Warrant is expected to follow. Use NexGel Warrant treynor ratio, expected short fall, as well as the relationship between the Expected Short fall and day typical price , to analyze future returns on NexGel Warrant.
Auto-correlation | -0.65 |
Very good reverse predictability
NexGel Warrant has very good reverse predictability. Overlapping area represents the amount of predictability between NexGel Warrant time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 NexGel Warrant price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current NexGel Warrant price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
NexGel Warrant lagged returns against current returns
Autocorrelation, which is NexGel Warrant 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 NexGel Warrant's stock expected returns. We can calculate the autocorrelation of NexGel Warrant returns to help us make a trade decision. For example, suppose you find that NexGel Warrant 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 |
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NexGel Warrant 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 NexGel Warrant stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NexGel Warrant stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NexGel Warrant stock over time.
Current vs Lagged Prices |
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NexGel Warrant Lagged Returns
When evaluating NexGel Warrant's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NexGel Warrant stock have on its future price. NexGel Warrant 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, NexGel Warrant autocorrelation shows the relationship between NexGel Warrant stock current value and its past values and can show if there is a momentum factor associated with investing in NexGel Warrant.
Regressed Prices |
| Timeline |
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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.Additional Tools for NexGel Stock Analysis
When running NexGel Warrant's price analysis, check to measure NexGel Warrant'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 NexGel Warrant is operating at the current time. Most of NexGel Warrant's value examination focuses on studying past and present price action to predict the probability of NexGel Warrant's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NexGel Warrant's price. Additionally, you may evaluate how the addition of NexGel Warrant to your portfolios can decrease your overall portfolio volatility.