Nexstar Media (Germany) Market Value
| NXZ Stock | EUR 149.75 2.30 1.51% |
| Symbol | Nexstar |
Nexstar Media '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 Nexstar Media'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 Nexstar Media.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Nexstar Media on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Nexstar Media Group or generate 0.0% return on investment in Nexstar Media over 30 days. Nexstar Media is related to or competes with VIVENDI UNSPONARD, News, News, RTL Group, ITV Plc, and SES SA. Nexstar Media Group, Inc. operates as a television broadcasting and digital media company in the United States More
Nexstar Media 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 Nexstar Media'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 Nexstar Media Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.67 | |||
| Information Ratio | 0.0053 | |||
| Maximum Drawdown | 10.89 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 2.46 |
Nexstar Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nexstar Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nexstar Media's standard deviation. In reality, there are many statistical measures that can use Nexstar Media historical prices to predict the future Nexstar Media's volatility.| Risk Adjusted Performance | 0.0244 | |||
| Jensen Alpha | 0.0122 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0054 | |||
| Treynor Ratio | 0.0364 |
Nexstar Media Group Backtested Returns
At this point, Nexstar Media is very steady. Nexstar Media Group has Sharpe Ratio of 0.0252, which conveys that the firm had a 0.0252% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nexstar Media, which you can use to evaluate the volatility of the firm. Please verify Nexstar Media's Downside Deviation of 1.67, risk adjusted performance of 0.0244, and Mean Deviation of 1.24 to check out if the risk estimate we provide is consistent with the expected return of 0.0433%. Nexstar Media has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.86, which conveys possible diversification benefits within a given portfolio. Nexstar Media returns are very sensitive to returns on the market. As the market goes up or down, Nexstar Media is expected to follow. Nexstar Media Group right now secures a risk of 1.72%. Please verify Nexstar Media Group value at risk, expected short fall, rate of daily change, as well as the relationship between the downside variance and kurtosis , to decide if Nexstar Media Group will be following its current price movements.
Auto-correlation | 0.02 |
Virtually no predictability
Nexstar Media Group has virtually no predictability. Overlapping area represents the amount of predictability between Nexstar Media time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Nexstar Media Group price movement. The serial correlation of 0.02 indicates that only 2.0% of current Nexstar Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 11.54 |
Nexstar Media Group lagged returns against current returns
Autocorrelation, which is Nexstar Media 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 Nexstar Media's stock expected returns. We can calculate the autocorrelation of Nexstar Media returns to help us make a trade decision. For example, suppose you find that Nexstar Media 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 |
Nexstar Media 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 Nexstar Media stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nexstar Media stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nexstar Media stock over time.
Current vs Lagged Prices |
| Timeline |
Nexstar Media Lagged Returns
When evaluating Nexstar Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nexstar Media stock have on its future price. Nexstar Media 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, Nexstar Media autocorrelation shows the relationship between Nexstar Media stock current value and its past values and can show if there is a momentum factor associated with investing in Nexstar Media Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nexstar Stock
Nexstar Media financial ratios help investors to determine whether Nexstar Stock 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 Nexstar with respect to the benefits of owning Nexstar Media security.