Nexttrip Stock Market Value
| NTRP Stock | USD 3.54 0.28 7.33% |
| Symbol | NextTrip |
NextTrip Price To Book Ratio
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NextTrip. If investors know NextTrip will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NextTrip listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (29.16) | Revenue Per Share 2.01 | Return On Assets (0.63) | Return On Equity (3.69) |
The market value of NextTrip is measured differently than its book value, which is the value of NextTrip that is recorded on the company's balance sheet. Investors also form their own opinion of NextTrip's value that differs from its market value or its book value, called intrinsic value, which is NextTrip's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NextTrip's market value can be influenced by many factors that don't directly affect NextTrip's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NextTrip's value and its price as these two are different measures arrived at by different means. Investors typically determine if NextTrip is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NextTrip'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.
NextTrip '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 NextTrip'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 NextTrip.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in NextTrip on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding NextTrip or generate 0.0% return on investment in NextTrip over 30 days. NextTrip is related to or competes with Wabash National, Li Auto, Lucid, Marine Products, Cars, Emerson Radio, and Dave Busters. Neurotrope, Inc., a biopharmaceutical company, focuses on the development of a product platform for the treatment of Alz... More
NextTrip 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 NextTrip'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 NextTrip upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.77 | |||
| Information Ratio | 0.0791 | |||
| Maximum Drawdown | 63.52 | |||
| Value At Risk | (10.04) | |||
| Potential Upside | 16.5 |
NextTrip Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NextTrip's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NextTrip's standard deviation. In reality, there are many statistical measures that can use NextTrip historical prices to predict the future NextTrip's volatility.| Risk Adjusted Performance | 0.0776 | |||
| Jensen Alpha | 1.21 | |||
| Total Risk Alpha | (0.51) | |||
| Sortino Ratio | 0.1271 | |||
| Treynor Ratio | (0.40) |
NextTrip Backtested Returns
NextTrip appears to be extremely dangerous, given 3 months investment horizon. NextTrip has Sharpe Ratio of 0.0592, which conveys that the firm had a 0.0592% return per unit of risk over the last 3 months. By analyzing NextTrip's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please exercise NextTrip's Mean Deviation of 6.71, downside deviation of 6.77, and Risk Adjusted Performance of 0.0776 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NextTrip holds a performance score of 4. The company secures a Beta (Market Risk) of -2.42, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning NextTrip are expected to decrease by larger amounts. On the other hand, during market turmoil, NextTrip is expected to outperform it. Please check NextTrip's treynor ratio, expected short fall, as well as the relationship between the Expected Short fall and day median price , to make a quick decision on whether NextTrip's current price movements will revert.
Auto-correlation | 0.45 |
Average predictability
NextTrip has average predictability. Overlapping area represents the amount of predictability between NextTrip time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 NextTrip price movement. The serial correlation of 0.45 indicates that just about 45.0% of current NextTrip price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.73 |
NextTrip lagged returns against current returns
Autocorrelation, which is NextTrip 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 NextTrip's stock expected returns. We can calculate the autocorrelation of NextTrip returns to help us make a trade decision. For example, suppose you find that NextTrip 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 |
NextTrip 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 NextTrip stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NextTrip stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NextTrip stock over time.
Current vs Lagged Prices |
| Timeline |
NextTrip Lagged Returns
When evaluating NextTrip's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NextTrip stock have on its future price. NextTrip 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, NextTrip autocorrelation shows the relationship between NextTrip stock current value and its past values and can show if there is a momentum factor associated with investing in NextTrip.
Regressed Prices |
| Timeline |
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 against NextTrip Stock
| 0.62 | RIOT | Riot Blockchain | PairCorr |
| 0.59 | S | SentinelOne | PairCorr |
| 0.58 | CLSK | CleanSpark Fiscal Year End 5th of December 2024 | PairCorr |
| 0.53 | ZM | Zoom Video Communications | PairCorr |
| 0.52 | IT | Gartner | PairCorr |
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.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.