Next PLC (Germany) Market Value
| NXG Stock | EUR 144.00 4.00 2.86% |
| Symbol | Next |
Next PLC '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 PLC'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 Next PLC.
| 04/19/2025 |
| 07/18/2025 |
If you would invest 0.00 in Next PLC on April 19, 2025 and sell it all today you would earn a total of 0.00 from holding Next PLC or generate 0.0% return on investment in Next PLC over 90 days. Next PLC is related to or competes with Trade Desk, Ebro Foods, RETAIL FOOD, EBRO FOODS, SUN ART, TRADEGATE, and Treasury Wine. More
Next PLC 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 PLC'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 Next PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.82 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 7.06 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 2.74 |
Next PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Next PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Next PLC's standard deviation. In reality, there are many statistical measures that can use Next PLC historical prices to predict the future Next PLC's volatility.| Risk Adjusted Performance | 0.0524 | |||
| Jensen Alpha | 0.068 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 4.2 |
Next PLC Backtested Returns
At this point, Next PLC is very steady. Next PLC has Sharpe Ratio of 0.0482, which conveys that the firm had a 0.0482 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Next PLC, which you can use to evaluate the volatility of the firm. Please verify Next PLC's Mean Deviation of 1.2, downside deviation of 1.82, and Risk Adjusted Performance of 0.0524 to check out if the risk estimate we provide is consistent with the expected return of 0.0788%. Next PLC has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0168, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Next PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Next PLC is expected to be smaller as well. Next PLC right now secures a risk of 1.63%. Please verify Next PLC maximum drawdown, potential upside, semi variance, as well as the relationship between the value at risk and downside variance , to decide if Next PLC will be following its current price movements.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Next PLC has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Next PLC time series from 19th of April 2025 to 3rd of June 2025 and 3rd of June 2025 to 18th of July 2025. 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 PLC price movement. The serial correlation of -0.77 indicates that around 77.0% of current Next PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 14.08 |
Next PLC lagged returns against current returns
Autocorrelation, which is Next PLC 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 Next PLC's stock expected returns. We can calculate the autocorrelation of Next PLC returns to help us make a trade decision. For example, suppose you find that Next PLC 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 |
Next PLC 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 PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Next PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Next PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Next PLC Lagged Returns
When evaluating Next PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Next PLC stock have on its future price. Next PLC 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 PLC autocorrelation shows the relationship between Next PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Next PLC.
Regressed Prices |
| Timeline |
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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 Next Stock
Next PLC financial ratios help investors to determine whether Next 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 Next with respect to the benefits of owning Next PLC security.