Next Plc Stock Market Value
| NXGPF Stock | USD 123.41 0.00 0.00% |
| Symbol | NEXT |
NEXT Plc '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 Plc'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 Plc.
| 06/27/2024 |
| 12/24/2024 |
If you would invest 0.00 in NEXT Plc on June 27, 2024 and sell it all today you would earn a total of 0.00 from holding NEXT plc or generate 0.0% return on investment in NEXT Plc over 180 days. NEXT Plc is related to or competes with Aritzia, Boot Barn, Guess, T.J. Maxx, Shoe Carnival, Genesco, and Ross Stores. NEXT plc engages in the retail of clothing, footwear, and home products in the United Kingdom, rest of Europe, the Middl... More
NEXT Plc 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 Plc'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 plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0947 | |||
| Maximum Drawdown | 9.5 |
NEXT Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEXT Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEXT Plc's standard deviation. In reality, there are many statistical measures that can use NEXT Plc historical prices to predict the future NEXT Plc's volatility.| Risk Adjusted Performance | 0.1008 | |||
| Jensen Alpha | 0.1357 | |||
| Total Risk Alpha | 0.0998 | |||
| Treynor Ratio | (1.80) |
NEXT plc Backtested Returns
At this point, NEXT Plc is very steady. NEXT plc has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of standard deviation over the last 3 months. We have found sixteen technical indicators for NEXT Plc, which you can use to evaluate the volatility of the firm. Please verify NEXT Plc's Market Risk Adjusted Performance of (1.79), mean deviation of 0.2836, and Risk Adjusted Performance of 0.1008 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. NEXT Plc has a performance score of 9 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0744, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NEXT Plc are expected to decrease at a much lower rate. During the bear market, NEXT Plc is likely to outperform the market. NEXT plc currently secures a risk of 1.2%. Please verify NEXT plc standard deviation, as well as the relationship between the maximum drawdown and day median price , to decide if NEXT plc will be following its current price movements.
Auto-correlation | 0.18 |
Very weak predictability
NEXT plc has very weak predictability. Overlapping area represents the amount of predictability between NEXT Plc time series from 27th of June 2024 to 25th of September 2024 and 25th of September 2024 to 24th 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 plc price movement. The serial correlation of 0.18 indicates that over 18.0% of current NEXT Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 22.6 |
NEXT plc lagged returns against current returns
Autocorrelation, which is NEXT Plc 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 Plc's pink sheet expected returns. We can calculate the autocorrelation of NEXT Plc returns to help us make a trade decision. For example, suppose you find that NEXT Plc 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 Plc 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 Plc pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEXT Plc 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 Plc pink sheet over time.
Current vs Lagged Prices |
| Timeline |
NEXT Plc Lagged Returns
When evaluating NEXT Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEXT Plc pink sheet have on its future price. NEXT Plc 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 Plc autocorrelation shows the relationship between NEXT Plc pink sheet current value and its past values and can show if there is a momentum factor associated with investing in NEXT plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NEXT Pink Sheet
NEXT Plc 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 Plc security.