|Horizon||30 Days Login to change|
Nextcom Ltd Market Sensitivity
|As returns on market increase, Nextcom Ltd returns are expected to increase less than the market. However during bear market, the loss on holding Nextcom Ltd will be expected to be smaller as well.One Month Beta |Analyze Nextcom Ltd Demand TrendCheck current 30 days Nextcom Ltd correlation with market (DOW)|
β = 6.0E-4
Nextcom Ltd Technical Analysis
Nextcom Ltd Projected Return Density Against MarketAssuming 30 trading days horizon, Nextcom Ltd has beta of 6.0E-4 indicating as returns on market go up, Nextcom Ltd average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Nextcom Ltd will be expected to be much smaller as well. Additionally, Nextcom Ltd has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
Nextcom Ltd Return VolatilityNextcom Ltd accepts 1.4461% volatility on return distribution over the 30 days horizon. DOW inherits 1.0479% risk (volatility on return distribution) over the 30 days horizon.