Nexeon Medsystems Stock Market Value
NXNN Stock | USD 0.0001 0.00 0.00% |
Symbol | Nexeon |
Nexeon Medsystems '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 Nexeon Medsystems' 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 Nexeon Medsystems.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Nexeon Medsystems on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Nexeon Medsystems or generate 0.0% return on investment in Nexeon Medsystems over 30 days. Nexeon Medsystems is related to or competes with LYFT. Nexeon MedSystems Inc., a medical device company, develops, manufactures, and commercializes neurostimulation technology... More
Nexeon Medsystems 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 Nexeon Medsystems' 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 Nexeon Medsystems upside and downside potential and time the market with a certain degree of confidence.
Nexeon Medsystems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nexeon Medsystems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nexeon Medsystems' standard deviation. In reality, there are many statistical measures that can use Nexeon Medsystems historical prices to predict the future Nexeon Medsystems' volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nexeon Medsystems' 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.
Nexeon Medsystems Backtested Returns
We have found three technical indicators for Nexeon Medsystems, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Nexeon Medsystems are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Nexeon Medsystems has no correlation between past and present. Overlapping area represents the amount of predictability between Nexeon Medsystems time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Nexeon Medsystems price movement. The serial correlation of 0.0 indicates that just 0.0% of current Nexeon Medsystems price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.0 | |
Spearman Rank Test | 1.0 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Nexeon Medsystems lagged returns against current returns
Autocorrelation, which is Nexeon Medsystems 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 Nexeon Medsystems' pink sheet expected returns. We can calculate the autocorrelation of Nexeon Medsystems returns to help us make a trade decision. For example, suppose you find that Nexeon Medsystems 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 |
Nexeon Medsystems 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 Nexeon Medsystems pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nexeon Medsystems pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nexeon Medsystems pink sheet over time.
Current vs Lagged Prices |
Timeline |
Nexeon Medsystems Lagged Returns
When evaluating Nexeon Medsystems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nexeon Medsystems pink sheet have on its future price. Nexeon Medsystems 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, Nexeon Medsystems autocorrelation shows the relationship between Nexeon Medsystems pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nexeon Medsystems.
Regressed Prices |
Timeline |
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Complementary Tools for Nexeon Pink Sheet analysis
When running Nexeon Medsystems' price analysis, check to measure Nexeon Medsystems' 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 Nexeon Medsystems is operating at the current time. Most of Nexeon Medsystems' value examination focuses on studying past and present price action to predict the probability of Nexeon Medsystems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nexeon Medsystems' price. Additionally, you may evaluate how the addition of Nexeon Medsystems to your portfolios can decrease your overall portfolio volatility.
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Nexeon Medsystems technical pink sheet 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, pink sheet market cycles, or different charting patterns.