Nexe Innovations Stock Technical Analysis
| NEXE Stock | CAD 0.41 0.01 2.50% |
As of the 1st of December, NEXE Innovations secures the Market Risk Adjusted Performance of (1.46), risk adjusted performance of 0.1015, and Mean Deviation of 4.15. In respect to fundamental indicators, the technical analysis model lets you check practical technical drivers of NEXE Innovations, as well as the relationship between them. Please verify NEXE Innovations semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation to decide if NEXE Innovations is priced more or less accurately, providing market reflects its recent price of 0.41 per share.
NEXE Innovations Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as NEXE, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NEXENEXE |
NEXE Innovations technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
NEXE Innovations Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of NEXE Innovations volatility. High ATR values indicate high volatility, and low values indicate low volatility.
NEXE Innovations Trend Analysis
Use this graph to draw trend lines for NEXE Innovations. You can use it to identify possible trend reversals for NEXE Innovations as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual NEXE Innovations price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.NEXE Innovations Best Fit Change Line
The following chart estimates an ordinary least squares regression model for NEXE Innovations applied against its price change over selected period. The best fit line has a slop of 0 , which means NEXE Innovations will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.15, which is the sum of squared deviations for the predicted NEXE Innovations price change compared to its average price change.About NEXE Innovations Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of NEXE Innovations on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of NEXE Innovations based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on NEXE Innovations price pattern first instead of the macroeconomic environment surrounding NEXE Innovations. By analyzing NEXE Innovations's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of NEXE Innovations's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to NEXE Innovations specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2022 | 2024 (projected) | Days Sales Outstanding | 17.3K | 750.08 | PTB Ratio | 1.03 | 39.25 |
NEXE Innovations December 1, 2024 Technical Indicators
Most technical analysis of NEXE help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for NEXE from various momentum indicators to cycle indicators. When you analyze NEXE charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | 0.1015 | |||
| Market Risk Adjusted Performance | (1.46) | |||
| Mean Deviation | 4.15 | |||
| Semi Deviation | 3.61 | |||
| Downside Deviation | 5.66 | |||
| Coefficient Of Variation | 824.82 | |||
| Standard Deviation | 6.25 | |||
| Variance | 39.04 | |||
| Information Ratio | 0.0992 | |||
| Jensen Alpha | 0.8122 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | 0.1096 | |||
| Treynor Ratio | (1.47) | |||
| Maximum Drawdown | 40.97 | |||
| Value At Risk | (6.82) | |||
| Potential Upside | 10.53 | |||
| Downside Variance | 32.0 | |||
| Semi Variance | 13.04 | |||
| Expected Short fall | (7.28) | |||
| Skewness | 2.08 | |||
| Kurtosis | 8.74 |
Additional Tools for NEXE Stock Analysis
When running NEXE Innovations' price analysis, check to measure NEXE Innovations' 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 NEXE Innovations is operating at the current time. Most of NEXE Innovations' value examination focuses on studying past and present price action to predict the probability of NEXE Innovations' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NEXE Innovations' price. Additionally, you may evaluate how the addition of NEXE Innovations to your portfolios can decrease your overall portfolio volatility.