Nextensa (Belgium) Market Value

NEXTA Stock   38.95  0.15  0.39%   
Nextensa's market value is the price at which a share of Nextensa trades on a public exchange. It measures the collective expectations of Nextensa NV investors about its performance. Nextensa is trading at 38.95 as of the 10th of December 2024, a 0.39 percent up since the beginning of the trading day. The stock's open price was 38.8.
With this module, you can estimate the performance of a buy and hold strategy of Nextensa NV and determine expected loss or profit from investing in Nextensa over a given investment horizon. Check out Nextensa Correlation, Nextensa Volatility and Nextensa Alpha and Beta module to complement your research on Nextensa.
Symbol

Please note, there is a significant difference between Nextensa's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nextensa is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nextensa's 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.

Nextensa '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 Nextensa's 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 Nextensa.
0.00
12/21/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
12/10/2024
0.00
If you would invest  0.00  in Nextensa on December 21, 2022 and sell it all today you would earn a total of 0.00 from holding Nextensa NV or generate 0.0% return on investment in Nextensa over 720 days. Nextensa is related to or competes with Retail Estates, and EVS Broadcast. More

Nextensa 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 Nextensa's 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 Nextensa NV upside and downside potential and time the market with a certain degree of confidence.

Nextensa Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nextensa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nextensa's standard deviation. In reality, there are many statistical measures that can use Nextensa historical prices to predict the future Nextensa's volatility.
Hype
Prediction
LowEstimatedHigh
37.7638.9540.14
Details
Intrinsic
Valuation
LowRealHigh
32.6633.8542.85
Details
Naive
Forecast
LowNextHigh
37.8639.0540.24
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
38.4139.3940.37
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nextensa. Your research has to be compared to or analyzed against Nextensa's peers to derive any actionable benefits. When done correctly, Nextensa's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Nextensa NV.

Nextensa NV Backtested Returns

Nextensa NV has Sharpe Ratio of -0.18, which conveys that the firm had a -0.18% return per unit of risk over the last 3 months. Nextensa exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nextensa's Mean Deviation of 0.8101, risk adjusted performance of (0.10), and Standard Deviation of 1.19 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nextensa's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nextensa is expected to be smaller as well. At this point, Nextensa NV has a negative expected return of -0.22%. Please make sure to verify Nextensa's potential upside, daily balance of power, as well as the relationship between the Daily Balance Of Power and market facilitation index , to decide if Nextensa NV performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.12  

Insignificant reverse predictability

Nextensa NV has insignificant reverse predictability. Overlapping area represents the amount of predictability between Nextensa time series from 21st of December 2022 to 16th of December 2023 and 16th of December 2023 to 10th 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 Nextensa NV price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Nextensa price fluctuation can be explain by its past prices.
Correlation Coefficient-0.12
Spearman Rank Test-0.15
Residual Average0.0
Price Variance4.46

Nextensa NV lagged returns against current returns

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

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

Nextensa Lagged Returns

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

Pair Trading with Nextensa

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 Nextensa 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 Nextensa will appreciate offsetting losses from the drop in the long position's value.

Moving against Nextensa Stock

  0.85ARGX Argen XPairCorr
  0.77CYAD Celyad SAPairCorr
  0.36NYR Nyrstar NVPairCorr
The ability to find closely correlated positions to Nextensa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nextensa 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 Nextensa - 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 Nextensa NV to buy it.
The correlation of Nextensa 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 Nextensa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nextensa NV 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 Nextensa 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

Other Information on Investing in Nextensa Stock

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