Chardan Nextech Acquisition Stock Market Value
| DFLI Stock | USD 0.84 0.03 4.07% |
| Symbol | Chardan |
Chardan NexTech Acqu Price To Book Ratio
Is Chardan NexTech'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 Chardan NexTech. If investors know Chardan 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 Chardan NexTech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.26) | Revenue Per Share 1.22 | Quarterly Revenue Growth (0.48) | Return On Assets (0.21) | Return On Equity (0.71) |
The market value of Chardan NexTech Acqu is measured differently than its book value, which is the value of Chardan that is recorded on the company's balance sheet. Investors also form their own opinion of Chardan NexTech's value that differs from its market value or its book value, called intrinsic value, which is Chardan NexTech'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 Chardan NexTech's market value can be influenced by many factors that don't directly affect Chardan NexTech'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 Chardan NexTech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chardan NexTech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chardan NexTech'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.
Chardan NexTech '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 Chardan NexTech'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 Chardan NexTech.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Chardan NexTech on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Chardan NexTech Acquisition or generate 0.0% return on investment in Chardan NexTech over 30 days. Chardan NexTech is related to or competes with FREYR Battery, and Ocean Power. Dragonfly Energy Holdings Corp. manufactures and supplies deep cycle lithium-ion batteries for RVs, marine vessels, off-... More
Chardan NexTech 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 Chardan NexTech'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 Chardan NexTech Acquisition upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.2 | |||
| Information Ratio | 0.1445 | |||
| Maximum Drawdown | 47.6 | |||
| Value At Risk | (7.02) | |||
| Potential Upside | 13.95 |
Chardan NexTech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chardan NexTech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chardan NexTech's standard deviation. In reality, there are many statistical measures that can use Chardan NexTech historical prices to predict the future Chardan NexTech's volatility.| Risk Adjusted Performance | 0.1071 | |||
| Jensen Alpha | 1.02 | |||
| Total Risk Alpha | 0.1431 | |||
| Sortino Ratio | 0.2098 | |||
| Treynor Ratio | 0.6594 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chardan NexTech's 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.
Chardan NexTech Acqu Backtested Returns
Chardan NexTech is extremely dangerous given 3 months investment horizon. Chardan NexTech Acqu secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of standard deviation over the last 3 months. We were able to break down and interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.26% are justified by taking the suggested risk. Use Chardan NexTech mean deviation of 5.12, and Risk Adjusted Performance of 0.1071 to evaluate company specific risk that cannot be diversified away. Chardan NexTech holds a performance score of 12 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 1.78, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Chardan NexTech will likely underperform. Use Chardan NexTech value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to analyze future returns on Chardan NexTech.
Auto-correlation | -0.84 |
Excellent reverse predictability
Chardan NexTech Acquisition has excellent reverse predictability. Overlapping area represents the amount of predictability between Chardan NexTech time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Chardan NexTech Acqu price movement. The serial correlation of -0.84 indicates that around 84.0% of current Chardan NexTech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Chardan NexTech Acqu lagged returns against current returns
Autocorrelation, which is Chardan NexTech 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 Chardan NexTech's stock expected returns. We can calculate the autocorrelation of Chardan NexTech returns to help us make a trade decision. For example, suppose you find that Chardan NexTech 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 |
Chardan NexTech 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 Chardan NexTech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chardan NexTech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chardan NexTech stock over time.
Current vs Lagged Prices |
| Timeline |
Chardan NexTech Lagged Returns
When evaluating Chardan NexTech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chardan NexTech stock have on its future price. Chardan NexTech 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, Chardan NexTech autocorrelation shows the relationship between Chardan NexTech stock current value and its past values and can show if there is a momentum factor associated with investing in Chardan NexTech Acquisition.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Chardan NexTech in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Chardan NexTech's short interest history, or implied volatility extrapolated from Chardan NexTech options trading.
Pair Trading with Chardan NexTech
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Chardan NexTech position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Chardan NexTech will appreciate offsetting losses from the drop in the long position's value.Moving against Chardan Stock
| 0.59 | EOSE | Eos Energy Enterprises Financial Report 14th of May 2024 | PairCorr |
| 0.58 | FCEL | FuelCell Energy Financial Report 13th of June 2024 | PairCorr |
| 0.57 | EOSEW | Eos Energy Enterprises | PairCorr |
| 0.55 | NXU | Nxu Inc Symbol Change | PairCorr |
| 0.53 | EPOW | Sunrise New Energy Report 21st of May 2024 | PairCorr |
The ability to find closely correlated positions to Chardan NexTech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chardan NexTech when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Chardan NexTech - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Chardan NexTech Acquisition to buy it.
The correlation of Chardan NexTech is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Chardan NexTech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chardan NexTech Acqu moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Chardan NexTech can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Chardan NexTech Correlation, Chardan NexTech Volatility and Chardan NexTech Alpha and Beta module to complement your research on Chardan NexTech. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Chardan Stock analysis
When running Chardan NexTech's price analysis, check to measure Chardan NexTech'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 Chardan NexTech is operating at the current time. Most of Chardan NexTech's value examination focuses on studying past and present price action to predict the probability of Chardan NexTech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chardan NexTech's price. Additionally, you may evaluate how the addition of Chardan NexTech to your portfolios can decrease your overall portfolio volatility.
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Chardan NexTech 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.