Nextdc Limited Stock Market Value
| NXDCF Stock | USD 10.06 0.06 0.60% |
| Symbol | NEXTDC |
NEXTDC '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 NEXTDC's pink sheet 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 NEXTDC.
| 11/25/2024 |
| 12/25/2024 |
If you would invest 0.00 in NEXTDC on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding NEXTDC Limited or generate 0.0% return on investment in NEXTDC over 30 days. NEXTDC is related to or competes with Appen. NEXTDC Limited, a technology company, provides data center outsourcing solutions, connectivity services, and infrastruct... More
NEXTDC 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 NEXTDC's pink sheet 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 NEXTDC Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1001 | |||
| Maximum Drawdown | 12.61 |
NEXTDC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEXTDC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEXTDC's standard deviation. In reality, there are many statistical measures that can use NEXTDC historical prices to predict the future NEXTDC's volatility.| Risk Adjusted Performance | 0.1079 | |||
| Jensen Alpha | 0.2175 | |||
| Total Risk Alpha | 0.1227 | |||
| Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NEXTDC's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
NEXTDC Limited Backtested Returns
NEXTDC appears to be somewhat reliable, given 3 months investment horizon. NEXTDC Limited has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of standard deviation over the last 3 months. We have found nineteen technical indicators for NEXTDC, which you can use to evaluate the volatility of the firm. Please exercise NEXTDC's Mean Deviation of 0.3882, market risk adjusted performance of (0.23), and Risk Adjusted Performance of 0.1079 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NEXTDC holds a performance score of 10. The company secures a Beta (Market Risk) of -0.79, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning NEXTDC are expected to decrease at a much lower rate. During the bear market, NEXTDC is likely to outperform the market. Please check NEXTDC's coefficient of variation, skewness, price action indicator, as well as the relationship between the information ratio and rate of daily change , to make a quick decision on whether NEXTDC's current price movements will revert.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
NEXTDC Limited lagged returns against current returns
Autocorrelation, which is NEXTDC pink sheet'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 NEXTDC's pink sheet expected returns. We can calculate the autocorrelation of NEXTDC returns to help us make a trade decision. For example, suppose you find that NEXTDC has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
NEXTDC 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 NEXTDC pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEXTDC pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NEXTDC pink sheet over time.
Current vs Lagged Prices |
| Timeline |
NEXTDC Lagged Returns
When evaluating NEXTDC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEXTDC pink sheet have on its future price. NEXTDC 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, NEXTDC autocorrelation shows the relationship between NEXTDC pink sheet current value and its past values and can show if there is a momentum factor associated with investing in NEXTDC Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NEXTDC Pink Sheet
NEXTDC financial ratios help investors to determine whether NEXTDC Pink Sheet 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 NEXTDC with respect to the benefits of owning NEXTDC security.