Next Biometrics (Norway) Market Value

NEXT Stock  NOK 6.78  0.14  2.11%   
Next Biometrics' market value is the price at which a share of Next Biometrics trades on a public exchange. It measures the collective expectations of Next Biometrics Group investors about its performance. Next Biometrics is selling for 6.78 as of the 11th of December 2024. This is a 2.11% up since the beginning of the trading day. The stock's lowest day price was 6.64.
With this module, you can estimate the performance of a buy and hold strategy of Next Biometrics Group and determine expected loss or profit from investing in Next Biometrics over a given investment horizon. Check out Next Biometrics Correlation, Next Biometrics Volatility and Next Biometrics Alpha and Beta module to complement your research on Next Biometrics.
Symbol

Please note, there is a significant difference between Next Biometrics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Next Biometrics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Next Biometrics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Next Biometrics '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 Next Biometrics' 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 Next Biometrics.
0.00
11/11/2024
No Change 0.00  0.0 
In 30 days
12/11/2024
0.00
If you would invest  0.00  in Next Biometrics on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Next Biometrics Group or generate 0.0% return on investment in Next Biometrics over 30 days. Next Biometrics is related to or competes with Storebrand ASA, DnB ASA, Telenor ASA, Kongsberg Gruppen, and Orkla ASA. NEXT Biometrics Group ASA, through its subsidiaries, engages in the research, development, manufacture, and commercializ... More

Next Biometrics 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 Next Biometrics' 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 Next Biometrics Group upside and downside potential and time the market with a certain degree of confidence.

Next Biometrics Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Next Biometrics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Next Biometrics' standard deviation. In reality, there are many statistical measures that can use Next Biometrics historical prices to predict the future Next Biometrics' volatility.
Hype
Prediction
LowEstimatedHigh
4.736.788.83
Details
Intrinsic
Valuation
LowRealHigh
3.815.867.91
Details
Naive
Forecast
LowNextHigh
4.726.778.83
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
6.396.757.11
Details

Next Biometrics Group Backtested Returns

Next Biometrics Group has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12% return per unit of risk over the last 3 months. Next Biometrics exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Next Biometrics' Risk Adjusted Performance of (0.06), mean deviation of 1.49, and Standard Deviation of 2.04 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.34, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Next Biometrics are expected to decrease at a much lower rate. During the bear market, Next Biometrics is likely to outperform the market. At this point, Next Biometrics Group has a negative expected return of -0.24%. Please make sure to verify Next Biometrics' skewness, accumulation distribution, rate of daily change, as well as the relationship between the kurtosis and daily balance of power , to decide if Next Biometrics Group performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.26  

Weak reverse predictability

Next Biometrics Group has weak reverse predictability. Overlapping area represents the amount of predictability between Next Biometrics time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Next Biometrics Group price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Next Biometrics price fluctuation can be explain by its past prices.
Correlation Coefficient-0.26
Spearman Rank Test-0.55
Residual Average0.0
Price Variance0.02

Next Biometrics Group lagged returns against current returns

Autocorrelation, which is Next Biometrics 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 Next Biometrics' stock expected returns. We can calculate the autocorrelation of Next Biometrics returns to help us make a trade decision. For example, suppose you find that Next Biometrics 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  

Next Biometrics 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 Next Biometrics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Next Biometrics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Next Biometrics stock over time.
   Current vs Lagged Prices   
       Timeline  

Next Biometrics Lagged Returns

When evaluating Next Biometrics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Next Biometrics stock have on its future price. Next Biometrics 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, Next Biometrics autocorrelation shows the relationship between Next Biometrics stock current value and its past values and can show if there is a momentum factor associated with investing in Next Biometrics Group.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Next Stock

Next Biometrics financial ratios help investors to determine whether Next 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 Next with respect to the benefits of owning Next Biometrics security.