1 ASX growth stock that turned 10,000 into 21,000 in less than 2 years - The Motley Fool Australia
| 2NX Stock | EUR 8.85 0.05 0.57% |
Roughly 54% of NEXTDC's investor base is interested to short. The analysis of current outlook of investing in NEXTDC LTD suggests that many traders are impartial regarding NEXTDC's prospects. The current market sentiment, together with NEXTDC's historical and current headlines, can help investors time the market. In addition, many technical investors use NEXTDC LTD stock news signals to limit their universe of possible portfolio assets.
NEXTDC stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of NEXTDC daily returns and investor perception about the current price of NEXTDC LTD as well as its diversification or hedging effects on your existing portfolios.
NEXTDC |
1 ASX growth stock that turned 10,000 into 21,000 in less than 2 years The Motley Fool Australia
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NEXTDC Fundamental Analysis
We analyze NEXTDC's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NEXTDC using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NEXTDC based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Z Score
Z Score Comparative Analysis
NEXTDC is number one stock in z score category among its peers. Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
NEXTDC LTD Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with NEXTDC stock to make a market-neutral strategy. Peer analysis of NEXTDC could also be used in its relative valuation, which is a method of valuing NEXTDC by comparing valuation metrics with similar companies.
Peers
NEXTDC Related Equities
| 3T4 | Teradata Corp | 1.99 | ||||
| 2NX | NEXTDC | 0.57 | ||||
| GIK | SEIKOH GIKEN | 0.00 | ||||
| 6PU | Pure Storage | 1.10 | ||||
| NTA | NetApp | 1.53 |
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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