NEXTDC (Germany) Price on September 1, 2023

2NX Stock  EUR 8.85  0.05  0.57%   
If you're considering investing in NEXTDC Stock, it is important to understand the factors that can impact its price. As of today, the current price of NEXTDC stands at 8.85, as last reported on the 23rd of December, with the highest price reaching 8.85 and the lowest price hitting 8.85 during the day. NEXTDC LTD has Sharpe Ratio of -0.0826, which conveys that the firm had a -0.0826% return per unit of standard deviation over the last 3 months. NEXTDC exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NEXTDC's Market Risk Adjusted Performance of (0.56), risk adjusted performance of (0.04), and Mean Deviation of 1.65 to check out the risk estimate we provide.
  
NEXTDC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0826

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Estimated Market Risk

 2.32
  actual daily
20
80% of assets are more volatile

Expected Return

 -0.19
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.08
  actual daily
0
Most of other assets perform better
Based on monthly moving average NEXTDC is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NEXTDC by adding NEXTDC to a well-diversified portfolio.

NEXTDC Valuation on September 1, 2023

It is possible to determine the worth of NEXTDC on a given historical date. On September 1, 2023 NEXTDC was worth 7.9 at the beginning of the trading date compared to the closed value of 7.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NEXTDC stock. Still, in general, we apply an absolute valuation method to find NEXTDC's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of NEXTDC where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NEXTDC's related companies.
 Open High Low Close Volume
  7.90    7.95    7.90    7.95    1,000.00  
09/01/2023
  7.90    7.90    7.90    7.90    1,000.00  
  7.85    7.85    7.85    7.85    1,000.00  
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Open Value
7.9
7.9
Closing Value
14.86
Upside

NEXTDC Trading Date Momentum on September 1, 2023

On September 04 2023 NEXTDC LTD was traded for  7.85  at the closing time. The highest daily price throughout the period was 7.85  and the lowest price was  7.85 . The daily volume was 1000. The net trading volume on 09/04/2023 added to the next day price reduction. The daily price change to closing price of the next trading day was 0.63% . The trading delta at closing time to current closing price is 2.53% .

NEXTDC LTD Fundamentals Correlations and Trends

By evaluating NEXTDC's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among NEXTDC's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. NEXTDC financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About NEXTDC Stock history

NEXTDC investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for NEXTDC is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NEXTDC LTD will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing NEXTDC stock prices may prove useful in developing a viable investing in NEXTDC
NEXTDC Limited provides data center outsourcing solutions, connectivity services, and infrastructure management software in Australia. The company was founded in 2010 and is headquartered in Brisbane, Australia. NEXTDC LTD operates under Data Storage classification in Germany and is traded on Frankfurt Stock Exchange.

NEXTDC Stock Technical Analysis

NEXTDC 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.
A focus of NEXTDC technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of NEXTDC trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

NEXTDC Period Price Range

Low
December 23, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

NEXTDC LTD cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

NEXTDC December 23, 2024 Market Strength

Market strength indicators help investors to evaluate how NEXTDC stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NEXTDC shares will generate the highest return on investment. By undertsting and applying NEXTDC stock market strength indicators, traders can identify NEXTDC LTD entry and exit signals to maximize returns

NEXTDC Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for NEXTDC's price direction in advance. Along with the technical and fundamental analysis of NEXTDC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NEXTDC to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for NEXTDC Stock analysis

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