Nxg Nextgen Infrastructure Stock Market Value
| NXG Stock | USD 51.40 0.56 1.10% |
| Symbol | NXG |
NXG NextGen Infrastr Price To Book Ratio
Is Asset Management & Custody Banks 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 NXG NextGen. If investors know NXG 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 NXG NextGen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 3.12 |
The market value of NXG NextGen Infrastr is measured differently than its book value, which is the value of NXG that is recorded on the company's balance sheet. Investors also form their own opinion of NXG NextGen's value that differs from its market value or its book value, called intrinsic value, which is NXG NextGen'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 NXG NextGen's market value can be influenced by many factors that don't directly affect NXG NextGen'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 NXG NextGen's value and its price as these two are different measures arrived at by different means. Investors typically determine if NXG NextGen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NXG NextGen'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.
NXG NextGen '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 NXG NextGen'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 NXG NextGen.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in NXG NextGen on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding NXG NextGen Infrastructure or generate 0.0% return on investment in NXG NextGen over 30 days. NXG NextGen is related to or competes with MFS Investment, Invesco High, Eaton Vance, Nuveen California, Federated Premier, and Blackrock Muniholdings. NXG NextGen is entity of United States. It is traded as Stock on NYSE exchange. More
NXG NextGen 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 NXG NextGen'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 NXG NextGen Infrastructure upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9495 | |||
| Information Ratio | 0.2894 | |||
| Maximum Drawdown | 5.18 | |||
| Value At Risk | (0.94) | |||
| Potential Upside | 2.57 |
NXG NextGen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NXG NextGen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NXG NextGen's standard deviation. In reality, there are many statistical measures that can use NXG NextGen historical prices to predict the future NXG NextGen's volatility.| Risk Adjusted Performance | 0.3115 | |||
| Jensen Alpha | 0.3733 | |||
| Total Risk Alpha | 0.2694 | |||
| Sortino Ratio | 0.3381 | |||
| Treynor Ratio | 0.7975 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NXG NextGen'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.
NXG NextGen Infrastr Backtested Returns
NXG NextGen appears to be very steady, given 3 months investment horizon. NXG NextGen Infrastr has Sharpe Ratio of 0.39, which conveys that the firm had a 0.39% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for NXG NextGen, which you can use to evaluate the volatility of the firm. Please exercise NXG NextGen's mean deviation of 0.7854, and Risk Adjusted Performance of 0.3115 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NXG NextGen holds a performance score of 30. The company secures a Beta (Market Risk) of 0.55, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NXG NextGen's returns are expected to increase less than the market. However, during the bear market, the loss of holding NXG NextGen is expected to be smaller as well. Please check NXG NextGen's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether NXG NextGen's current price movements will revert.
Auto-correlation | 0.99 |
Perfect predictability
NXG NextGen Infrastructure has perfect predictability. Overlapping area represents the amount of predictability between NXG NextGen time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 NXG NextGen Infrastr price movement. The serial correlation of 0.99 indicates that 99.0% of current NXG NextGen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.99 | |
| Spearman Rank Test | 0.97 | |
| Residual Average | 0.0 | |
| Price Variance | 3.23 |
NXG NextGen Infrastr lagged returns against current returns
Autocorrelation, which is NXG NextGen 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 NXG NextGen's stock expected returns. We can calculate the autocorrelation of NXG NextGen returns to help us make a trade decision. For example, suppose you find that NXG NextGen 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 |
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NXG NextGen 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 NXG NextGen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NXG NextGen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NXG NextGen stock over time.
Current vs Lagged Prices |
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NXG NextGen Lagged Returns
When evaluating NXG NextGen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NXG NextGen stock have on its future price. NXG NextGen 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, NXG NextGen autocorrelation shows the relationship between NXG NextGen stock current value and its past values and can show if there is a momentum factor associated with investing in NXG NextGen Infrastructure.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether NXG NextGen Infrastr is a strong investment it is important to analyze NXG NextGen's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NXG NextGen's future performance. For an informed investment choice regarding NXG Stock, refer to the following important reports:Check out NXG NextGen Correlation, NXG NextGen Volatility and NXG NextGen Alpha and Beta module to complement your research on NXG NextGen. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
NXG NextGen technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.