Nexgen Energy Stock Technical Analysis
| NXE Stock | USD 7.81 0.01 0.13% |
As of the 24th of April, NexGen Energy secures the Risk Adjusted Performance of 0.0262, mean deviation of 2.25, and Downside Deviation of 3.14. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of NexGen Energy, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for NexGen Energy, which can be compared to its peers in the industry. Please verify NexGen Energy coefficient of variation, as well as the relationship between the treynor ratio and semi variance to decide if NexGen Energy is priced some-what accurately, providing market reflects its recent price of 7.81 per share. Given that NexGen Energy has jensen alpha of (0.05), we recommend you to check NexGen Energy's last-minute market performance to make sure the company can sustain itself at a future point.
NexGen Energy Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as NexGen, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NexGenNexGen |
NexGen Energy Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 5.31 | Strong Sell | 0 | Odds |
Most NexGen analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand NexGen stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of NexGen Energy, talking to its executives and customers, or listening to NexGen conference calls.
NexGen Analyst Advice DetailsNexGen Energy technical stock 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, stock market cycles, or different charting patterns.
NexGen Energy Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of NexGen Energy volatility. High ATR values indicate high volatility, and low values indicate low volatility.
NexGen Energy Trend Analysis
Use this graph to draw trend lines for NexGen Energy. You can use it to identify possible trend reversals for NexGen Energy as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual NexGen Energy price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.NexGen Energy Best Fit Change Line
The following chart estimates an ordinary least squares regression model for NexGen Energy applied against its price change over selected period. The best fit line has a slop of 0.01 , which may imply that NexGen Energy will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 2.52, which is the sum of squared deviations for the predicted NexGen Energy price change compared to its average price change.About NexGen Energy Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of NexGen Energy on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of NexGen Energy based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on NexGen Energy price pattern first instead of the macroeconomic environment surrounding NexGen Energy. By analyzing NexGen Energy's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of NexGen Energy's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to NexGen Energy specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Days Sales Outstanding | 5.9K | 5.3K | PTB Ratio | 5.63 | 5.35 |
NexGen Energy April 24, 2024 Technical Indicators
Most technical analysis of NexGen help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for NexGen from various momentum indicators to cycle indicators. When you analyze NexGen charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0262 | |||
| Market Risk Adjusted Performance | 0.062 | |||
| Mean Deviation | 2.25 | |||
| Semi Deviation | 2.88 | |||
| Downside Deviation | 3.14 | |||
| Coefficient Of Variation | 3433.7 | |||
| Standard Deviation | 3.15 | |||
| Variance | 9.93 | |||
| Information Ratio | (0) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.052 | |||
| Maximum Drawdown | 18.31 | |||
| Value At Risk | (5.22) | |||
| Potential Upside | 5.5 | |||
| Downside Variance | 9.86 | |||
| Semi Variance | 8.27 | |||
| Expected Short fall | (2.41) | |||
| Skewness | 0.4256 | |||
| Kurtosis | 1.8 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NexGen Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For information on how to trade NexGen Stock refer to our How to Trade NexGen Stock guide.You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for NexGen Stock analysis
When running NexGen Energy's price analysis, check to measure NexGen Energy's 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 NexGen Energy is operating at the current time. Most of NexGen Energy's value examination focuses on studying past and present price action to predict the probability of NexGen Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NexGen Energy's price. Additionally, you may evaluate how the addition of NexGen Energy to your portfolios can decrease your overall portfolio volatility.
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Money Managers Screen money managers from public funds and ETFs managed around the world |
Is NexGen Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NexGen Energy. If investors know NexGen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NexGen Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.12 | Return On Assets (0.07) | Return On Equity 0.11 |
The market value of NexGen Energy is measured differently than its book value, which is the value of NexGen that is recorded on the company's balance sheet. Investors also form their own opinion of NexGen Energy's value that differs from its market value or its book value, called intrinsic value, which is NexGen Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NexGen Energy's market value can be influenced by many factors that don't directly affect NexGen Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NexGen Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if NexGen Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NexGen Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.