Next Meats Holdings Stock Market Value
| NXMH Stock | USD 0 0.00 0.00% |
| Symbol | Next |
Next Meats '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 Next Meats' 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 Next Meats.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Next Meats on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Next Meats Holdings or generate 0.0% return on investment in Next Meats over 30 days. Next Meats is related to or competes with Green Planet, Azure Holding, and Four Leaf. Next Meats Holdings, Inc. focuses on operating in the alternative meat industry More
Next Meats 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 Next Meats' 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 Next Meats Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0173 | |||
| Maximum Drawdown | 135.91 | |||
| Potential Upside | 5.88 |
Next Meats Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Next Meats' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Next Meats' standard deviation. In reality, there are many statistical measures that can use Next Meats historical prices to predict the future Next Meats' volatility.| Risk Adjusted Performance | 0.0277 | |||
| Jensen Alpha | 0.1758 | |||
| Total Risk Alpha | (1.26) | |||
| Treynor Ratio | 0.2094 |
Next Meats Holdings Backtested Returns
Next Meats appears to be out of control, given 3 months investment horizon. Next Meats Holdings has Sharpe Ratio of 0.0254, which conveys that the firm had a 0.0254% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Next Meats, which you can use to evaluate the volatility of the firm. Please exercise Next Meats' Risk Adjusted Performance of 0.0277, standard deviation of 12.61, and Mean Deviation of 3.03 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Next Meats holds a performance score of 2. The company secures a Beta (Market Risk) of 1.47, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Next Meats will likely underperform. Please check Next Meats' risk adjusted performance, variance, as well as the relationship between the Variance and skewness , to make a quick decision on whether Next Meats' current price movements will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
Next Meats Holdings has weak reverse predictability. Overlapping area represents the amount of predictability between Next Meats time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Next Meats Holdings price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Next Meats price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Next Meats Holdings lagged returns against current returns
Autocorrelation, which is Next Meats 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 Next Meats' pink sheet expected returns. We can calculate the autocorrelation of Next Meats returns to help us make a trade decision. For example, suppose you find that Next Meats 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 |
Next Meats 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 Next Meats pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Next Meats pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Next Meats pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Next Meats Lagged Returns
When evaluating Next Meats' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Next Meats pink sheet have on its future price. Next Meats 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, Next Meats autocorrelation shows the relationship between Next Meats pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Next Meats Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Next Pink Sheet
Next Meats financial ratios help investors to determine whether Next 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 Next with respect to the benefits of owning Next Meats security.