Nextracker Class A Stock Market Value
| NXT Stock | 45.16 0.43 0.96% |
| Symbol | Nextracker |
Nextracker Class A Price To Book Ratio
Is Electrical Components & Equipment 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 Nextracker. If investors know Nextracker 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 Nextracker listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.182 | Earnings Share 4.05 | Revenue Per Share | Quarterly Revenue Growth (0.04) | Return On Assets |
The market value of Nextracker Class A is measured differently than its book value, which is the value of Nextracker that is recorded on the company's balance sheet. Investors also form their own opinion of Nextracker's value that differs from its market value or its book value, called intrinsic value, which is Nextracker'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 Nextracker's market value can be influenced by many factors that don't directly affect Nextracker'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 Nextracker's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nextracker is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nextracker'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.
Nextracker '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 Nextracker'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 Nextracker.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Nextracker on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Nextracker Class A or generate 0.0% return on investment in Nextracker over 90 days. Nextracker is related to or competes with PepsiCo, Diageo PLC, SNDL, Molecular Partners, Allient, Arrow Electronics, and Keurig Dr. Nextracker is entity of United States. It is traded as Stock on NASDAQ exchange. More
Nextracker 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 Nextracker'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 Nextracker Class A upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.52 | |||
| Information Ratio | 0.1398 | |||
| Maximum Drawdown | 17.41 | |||
| Value At Risk | (3.74) | |||
| Potential Upside | 7.22 |
Nextracker Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nextracker's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nextracker's standard deviation. In reality, there are many statistical measures that can use Nextracker historical prices to predict the future Nextracker's volatility.| Risk Adjusted Performance | 0.0951 | |||
| Jensen Alpha | 0.3558 | |||
| Total Risk Alpha | 0.8601 | |||
| Sortino Ratio | 0.1875 | |||
| Treynor Ratio | 4.24 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nextracker'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.
Nextracker Class A Backtested Returns
Nextracker appears to be very steady, given 3 months investment horizon. Nextracker Class A has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nextracker, which you can use to evaluate the volatility of the firm. Please exercise Nextracker's Mean Deviation of 2.54, risk adjusted performance of 0.0951, and Downside Deviation of 2.52 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nextracker holds a performance score of 10. The company secures a Beta (Market Risk) of 0.0815, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nextracker's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nextracker is expected to be smaller as well. Please check Nextracker'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 Nextracker's current price movements will revert.
Auto-correlation | -0.57 |
Good reverse predictability
Nextracker Class A has good reverse predictability. Overlapping area represents the amount of predictability between Nextracker time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th of March 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 Nextracker Class A price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Nextracker price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 6.14 |
Nextracker Class A lagged returns against current returns
Autocorrelation, which is Nextracker 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 Nextracker's stock expected returns. We can calculate the autocorrelation of Nextracker returns to help us make a trade decision. For example, suppose you find that Nextracker 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 |
Nextracker 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 Nextracker stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nextracker stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nextracker stock over time.
Current vs Lagged Prices |
| Timeline |
Nextracker Lagged Returns
When evaluating Nextracker's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nextracker stock have on its future price. Nextracker 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, Nextracker autocorrelation shows the relationship between Nextracker stock current value and its past values and can show if there is a momentum factor associated with investing in Nextracker Class A.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Nextracker Stock Analysis
When running Nextracker's price analysis, check to measure Nextracker'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 Nextracker is operating at the current time. Most of Nextracker's value examination focuses on studying past and present price action to predict the probability of Nextracker's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nextracker's price. Additionally, you may evaluate how the addition of Nextracker to your portfolios can decrease your overall portfolio volatility.