Next PLC's market value is the price at which a share of Next PLC trades on a public exchange. It measures the collective expectations of Next PLC ADR investors about its performance. Next PLC is trading at 64.90 as of the 10th of January 2025; that is No Change since the beginning of the trading day. The stock's open price was 64.9. With this module, you can estimate the performance of a buy and hold strategy of Next PLC ADR and determine expected loss or profit from investing in Next PLC over a given investment horizon. Check out Next PLC Correlation, Next PLC Volatility and Next PLC Alpha and Beta module to complement your research on Next PLC.
Please note, there is a significant difference between Next PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Next PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Next PLC'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.
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.
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12/11/2024
No Change 0.00
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In 30 days
01/10/2025
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If you would invest 0.00 in Next PLC on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding Next PLC ADR or generate 0.0% return on investment in Next PLC over 30 days. Next PLC is related to or competes with Reitmans, Cato, Lulus Fashion, Duluth Holdings, American Eagle, Torrid Holdings, and Lands End. 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 ADR 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 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.
Next PLC ADR has Sharpe Ratio of -0.0152, which conveys that the firm had a -0.0152% return per unit of risk over the last 3 months. Next PLC exposes twenty-five different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Next PLC's Downside Deviation of 2.81, risk adjusted performance of 0.0107, and Mean Deviation of 0.9822 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.026, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Next PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Next PLC is expected to be smaller as well. At this point, Next PLC ADR has a negative expected return of -0.0262%. Please make sure to verify Next PLC's treynor ratio, expected short fall, as well as the relationship between the Expected Short fall and relative strength index , to decide if Next PLC ADR performance from the past will be repeated at some point in the near future.
Auto-correlation
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No correlation between past and present
Next PLC ADR has no correlation between past and present. Overlapping area represents the amount of predictability between Next PLC 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 Next PLC ADR price movement. The serial correlation of 0.0 indicates that just 0.0% of current Next PLC price fluctuation can be explain by its past prices.
Correlation Coefficient
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Spearman Rank Test
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Residual Average
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Price Variance
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Next PLC ADR 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
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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 ADR.
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.
When running Next PLC's price analysis, check to measure Next PLC'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 Next PLC is operating at the current time. Most of Next PLC's value examination focuses on studying past and present price action to predict the probability of Next PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Next PLC's price. Additionally, you may evaluate how the addition of Next PLC to your portfolios can decrease your overall portfolio volatility.