NextTrip Price Earnings Ratio from 2010 to 2024

NTRP Stock  USD 4.42  0.50  12.76%   
Check NextTrip financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NextTrip's main balance sheet or income statement drivers, such as , as well as many indicators such as . NextTrip financial statements analysis is a perfect complement when working with NextTrip Valuation or Volatility modules.
  
Check out the analysis of NextTrip Correlation against competitors.
To learn how to invest in NextTrip Stock, please use our How to Invest in NextTrip guide.

About NextTrip Financial Statements

NextTrip shareholders use historical fundamental indicators, such as Price Earnings Ratio, to determine how well the company is positioned to perform in the future. Although NextTrip investors may analyze each financial statement separately, they are all interrelated. The changes in NextTrip's assets and liabilities, for example, are also reflected in the revenues and expenses on on NextTrip's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Neurotrope, Inc., a biopharmaceutical company, focuses on the development of a product platform for the treatment of Alzheimers disease. The company was founded in 2012 and is based in New York, New York. Neurotrope operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 5 people.

Pair Trading with NextTrip

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NextTrip position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NextTrip will appreciate offsetting losses from the drop in the long position's value.

Moving together with NextTrip Stock

  0.61VCSA Vacasa IncPairCorr

Moving against NextTrip Stock

  0.49BAH Booz Allen HamiltonPairCorr
  0.43IT GartnerPairCorr
  0.39CXDO CrexendoPairCorr
  0.39DM Desktop MetalPairCorr
  0.31S SentinelOnePairCorr
The ability to find closely correlated positions to NextTrip could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NextTrip when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NextTrip - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NextTrip to buy it.
The correlation of NextTrip is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NextTrip moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NextTrip moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NextTrip can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for NextTrip Stock Analysis

When running NextTrip's price analysis, check to measure NextTrip'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 NextTrip is operating at the current time. Most of NextTrip's value examination focuses on studying past and present price action to predict the probability of NextTrip's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NextTrip's price. Additionally, you may evaluate how the addition of NextTrip to your portfolios can decrease your overall portfolio volatility.