Nexera Energy Stock Market Value
| EMBYF Stock | USD 0 0.00 0.00% |
| Symbol | Nexera |
Nexera Energy '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 Nexera Energy's 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 Nexera Energy.
| 02/24/2024 |
| 04/24/2024 |
If you would invest 0.00 in Nexera Energy on February 24, 2024 and sell it all today you would earn a total of 0.00 from holding Nexera Energy or generate 0.0% return on investment in Nexera Energy over 60 days. Nexera Energy is related to or competes with Pioneer Natural, Permian Resources, Devon Energy, EOG Resources, Coterra Energy, Diamondback Energy, and ConocoPhillips. Nexera Energy Inc., together with its subsidiaries, engages in the acquisition, exploration, and development of petroleu... More
Nexera Energy 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 Nexera Energy's 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 Nexera Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 33.33 |
Nexera Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nexera Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nexera Energy's standard deviation. In reality, there are many statistical measures that can use Nexera Energy historical prices to predict the future Nexera Energy's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (1.08) | |||
| Treynor Ratio | 0.7474 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nexera Energy'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.
Nexera Energy Backtested Returns
Nexera Energy has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of risk over the last 3 months. Nexera Energy exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nexera Energy's Mean Deviation of 0.9948, standard deviation of 4.1, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.69, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nexera Energy are expected to decrease at a much lower rate. During the bear market, Nexera Energy is likely to outperform the market. Nexera Energy has an expected return of -0.56%. Please make sure to verify Nexera Energy variance, as well as the relationship between the skewness and day typical price , to decide if Nexera Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Nexera Energy has no correlation between past and present. Overlapping area represents the amount of predictability between Nexera Energy time series from 24th of February 2024 to 25th of March 2024 and 25th of March 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 Nexera Energy price movement. The serial correlation of 0.0 indicates that just 0.0% of current Nexera Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nexera Energy lagged returns against current returns
Autocorrelation, which is Nexera Energy 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 Nexera Energy's pink sheet expected returns. We can calculate the autocorrelation of Nexera Energy returns to help us make a trade decision. For example, suppose you find that Nexera Energy 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 |
Nexera Energy 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 Nexera Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nexera Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nexera Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nexera Energy Lagged Returns
When evaluating Nexera Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nexera Energy pink sheet have on its future price. Nexera Energy 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, Nexera Energy autocorrelation shows the relationship between Nexera Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nexera Energy.
Regressed Prices |
| Timeline |
Pair Trading with Nexera Energy
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 Nexera Energy 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 Nexera Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Nexera Pink Sheet
| 0.91 | COP | ConocoPhillips Financial Report 2nd of May 2024 | PairCorr |
| 0.9 | EOG | EOG Resources Financial Report 2nd of May 2024 | PairCorr |
| 0.9 | PXD | Pioneer Natural Resources | PairCorr |
| 0.87 | CNQ | Canadian Natural Res Financial Report 2nd of May 2024 | PairCorr |
| 0.87 | OXY | Occidental Petroleum Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Nexera Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nexera Energy 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 Nexera Energy - 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 Nexera Energy to buy it.
The correlation of Nexera Energy 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 Nexera Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nexera Energy 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 Nexera Energy 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 Nexera Energy Correlation, Nexera Energy Volatility and Nexera Energy Alpha and Beta module to complement your research on Nexera Energy. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Nexera Pink Sheet analysis
When running Nexera Energy's price analysis, check to measure Nexera 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 Nexera Energy is operating at the current time. Most of Nexera Energy's value examination focuses on studying past and present price action to predict the probability of Nexera 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 Nexera Energy's price. Additionally, you may evaluate how the addition of Nexera Energy to your portfolios can decrease your overall portfolio volatility.
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Nexera Energy 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.