Nextgen (Israel) Market Value
| NXGN Stock | ILS 62.40 1.00 1.58% |
| Symbol | Nextgen |
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 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 Nextgen.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Nextgen on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Nextgen or generate 0.0% return on investment in Nextgen over 30 days. Nextgen is related to or competes with Kamada, Bezeq Israeli, B Communications, Photomyne, M Yochananof, Clal Biotechnology, and ICL Israel. Nextgen Biomed Ltd, through its subsidiary, develops medicines for the treatment of psoriasis. More
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 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 Nextgen upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 29.77 | |||
| Value At Risk | (10.14) | |||
| Potential Upside | 9.43 |
Nextgen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nextgen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nextgen's standard deviation. In reality, there are many statistical measures that can use Nextgen historical prices to predict the future Nextgen's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.58) | |||
| Total Risk Alpha | (1.33) | |||
| Treynor Ratio | 90.41 |
Nextgen Backtested Returns
Nextgen has Sharpe Ratio of -0.0118, which conveys that the firm had a -0.0118% return per unit of risk over the last 3 months. Nextgen exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nextgen's Standard Deviation of 6.07, mean deviation of 4.75, and Risk Adjusted Performance of (0.06) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0064, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nextgen are expected to decrease at a much lower rate. During the bear market, Nextgen is likely to outperform the market. At this point, Nextgen has a negative expected return of -0.0708%. Please make sure to verify Nextgen's accumulation distribution, rate of daily change, and the relationship between the kurtosis and daily balance of power , to decide if Nextgen performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.49 |
Average predictability
Nextgen has average predictability. Overlapping area represents the amount of predictability between Nextgen time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Nextgen price movement. The serial correlation of 0.49 indicates that about 49.0% of current Nextgen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 6.92 |
Nextgen lagged returns against current returns
Autocorrelation, which is 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 Nextgen's stock expected returns. We can calculate the autocorrelation of Nextgen returns to help us make a trade decision. For example, suppose you find that 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 |
| Timeline |
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 Nextgen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nextgen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nextgen stock over time.
Current vs Lagged Prices |
| Timeline |
Nextgen Lagged Returns
When evaluating Nextgen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nextgen stock have on its future price. 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, Nextgen autocorrelation shows the relationship between Nextgen stock current value and its past values and can show if there is a momentum factor associated with investing in Nextgen.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Nextgen Stock
Nextgen financial ratios help investors to determine whether Nextgen 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 Nextgen with respect to the benefits of owning Nextgen security.