Nextleaf Solutions Stock Volatility
| OILFF Stock | USD 0.05 0 2.86% |
At this point, Nextleaf Solutions is out of control. Nextleaf Solutions has Sharpe Ratio of 0.0179, which conveys that the firm had a 0.0179% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Nextleaf Solutions, which you can use to evaluate the volatility of the firm. Please verify Nextleaf Solutions' Standard Deviation of 7.54, risk adjusted performance of (0.01), and Mean Deviation of 5.82 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. Key indicators related to Nextleaf Solutions' volatility include:
30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
Nextleaf Solutions OTC Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Nextleaf daily returns, and it is calculated using variance and standard deviation. We also use Nextleaf's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Nextleaf Solutions volatility.
Nextleaf |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Nextleaf Solutions can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game as hey may decide to buy additional stocks of Nextleaf Solutions at lower prices to lower their average cost per share. Similarly, when the prices of Nextleaf Solutions' stock rise, investors can sell out and invest the proceeds in other equities with better opportunities.
Moving against Nextleaf OTC Stock
| 0.31 | BRK-B | Berkshire Hathaway Sell-off Trend | PairCorr |
Nextleaf Solutions Market Sensitivity And Downside Risk
Nextleaf Solutions' beta coefficient measures the volatility of Nextleaf otc stock compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Nextleaf otc stock's returns against your selected market. In other words, Nextleaf Solutions's beta of -1.7 provides an investor with an approximation of how much risk Nextleaf Solutions otc stock can potentially add to one of your existing portfolios. Nextleaf Solutions is displaying above-average volatility over the selected time horizon. Nextleaf Solutions is a penny stock. Although Nextleaf Solutions may be in fact a good investment, many penny otc stocks are subject to artificial price hype. Make sure you completely understand the upside potential and downside risk of investing in Nextleaf Solutions. We encourage investors to look for signals such as message board hypes, claims of breakthroughs, email spams, sudden volume upswings, and other similar hype indicators. We also encourage traders to check biographies and work history of company officers before investing in instruments with high volatility. You can indeed make money on Nextleaf instrument if you perfectly time your entry and exit. However, remember that penny otcs that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.
3 Months Beta |Analyze Nextleaf Solutions Demand TrendCheck current 90 days Nextleaf Solutions correlation with market (Dow Jones Industrial)Nextleaf Beta |
Nextleaf standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Standard Deviation | 7.39 |
It is essential to understand the difference between upside risk (as represented by Nextleaf Solutions's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Nextleaf Solutions' daily returns or price. Since the actual investment returns on holding a position in nextleaf otc stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Nextleaf Solutions.
Nextleaf Solutions OTC Stock Volatility Analysis
Volatility refers to the frequency at which Nextleaf Solutions otc price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Nextleaf Solutions' price changes. Investors will then calculate the volatility of Nextleaf Solutions' otc stock to predict their future moves. A otc that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A otc stock with relatively stable price changes has low volatility. A highly volatile otc is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Nextleaf Solutions' volatility:
Historical Volatility
This type of otc volatility measures Nextleaf Solutions' fluctuations based on previous trends. It's commonly used to predict Nextleaf Solutions' future behavior based on its past. However, it cannot conclusively determine the future direction of the otc stock.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Nextleaf Solutions' current market price. This means that the otc will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Nextleaf Solutions' to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Nextleaf Solutions Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Nextleaf Solutions Projected Return Density Against Market
Assuming the 90 days horizon Nextleaf Solutions has a beta of -1.703 . This indicates as returns on its benchmark rise, returns on holding Nextleaf Solutions are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Nextleaf Solutions is expected to outperform its benchmark.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Nextleaf Solutions or Healthcare sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Nextleaf Solutions' price will be affected by overall otc stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Nextleaf otc's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Nextleaf Solutions has an alpha of 0.0687, implying that it can generate a 0.0687 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a Nextleaf Solutions Price Volatility?
Several factors can influence a otc's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Nextleaf Solutions OTC Stock Risk Measures
Assuming the 90 days horizon the coefficient of variation of Nextleaf Solutions is 5583.14. The daily returns are distributed with a variance of 54.68 and standard deviation of 7.39. The mean deviation of Nextleaf Solutions is currently at 5.69. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.76
α | Alpha over Dow Jones | 0.07 | |
β | Beta against Dow Jones | -1.7 | |
σ | Overall volatility | 7.39 | |
Ir | Information ratio | -0.04 |
Nextleaf Solutions OTC Stock Return Volatility
Nextleaf Solutions historical daily return volatility represents how much of Nextleaf Solutions otc's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company shows 7.3944% volatility of returns over 90 . By contrast, Dow Jones Industrial accepts 0.7444% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Nextleaf Solutions Volatility
Volatility is a rate at which the price of Nextleaf Solutions or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Nextleaf Solutions may increase or decrease. In other words, similar to Nextleaf's beta indicator, it measures the risk of Nextleaf Solutions and helps estimate the fluctuations that may happen in a short period of time. So if prices of Nextleaf Solutions fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.Nextleaf Solutions Ltd., a cannabis extraction technology company, develops and licenses technology for the extraction, distillation, and formulation of cannabinoids in Canada. Nextleaf Solutions Ltd. was founded in 2015 and is headquartered in Vancouver, Canada. Nextleaf Solutions operates under Drug ManufacturersSpecialty Generic classification in the United States and is traded on OTC Exchange. It employs 26 people.
Nextleaf Solutions' stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Nextleaf OTC Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Nextleaf Solutions' price varies over time.
3 ways to utilize Nextleaf Solutions' volatility to invest better
Higher Nextleaf Solutions' stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Nextleaf Solutions stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Nextleaf Solutions stock volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Nextleaf Solutions investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Nextleaf Solutions' stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of Nextleaf Solutions' stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Nextleaf Solutions Investment Opportunity
Nextleaf Solutions has a volatility of 7.39 and is 9.99 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of Nextleaf Solutions is higher than 65 percent of all global equities and portfolios over the last 90 days. You can use Nextleaf Solutions to protect your portfolios against small market fluctuations. The otc stock experiences an unexpected downward movement. The market is reacting to new fundamentals. Check odds of Nextleaf Solutions to be traded at $0.049 in 90 days.Good diversification
The correlation between Nextleaf Solutions and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nextleaf Solutions and DJI in the same portfolio, assuming nothing else is changed.
Nextleaf Solutions Additional Risk Indicators
The analysis of Nextleaf Solutions' secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Nextleaf Solutions' investment and either accepting that risk or mitigating it. Along with some common measures of Nextleaf Solutions otc stock's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | 0.0973 | |||
| Mean Deviation | 5.82 | |||
| Coefficient Of Variation | (5,436) | |||
| Standard Deviation | 7.54 | |||
| Variance | 56.78 | |||
| Information Ratio | (0.04) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential otc stocks, we recommend comparing similar otcs with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Nextleaf Solutions Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Nextleaf Solutions as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Nextleaf Solutions' systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Nextleaf Solutions' unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Nextleaf Solutions.
Complementary Tools for Nextleaf OTC Stock analysis
When running Nextleaf Solutions' price analysis, check to measure Nextleaf Solutions' 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 Nextleaf Solutions is operating at the current time. Most of Nextleaf Solutions' value examination focuses on studying past and present price action to predict the probability of Nextleaf Solutions' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nextleaf Solutions' price. Additionally, you may evaluate how the addition of Nextleaf Solutions to your portfolios can decrease your overall portfolio volatility.
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