Nextnav Acquisition Corp Stock Market Value
| NN Stock | USD 3.95 0.15 3.66% |
| Symbol | Nextnav |
Nextnav Acquisition Corp Valuation
Is Nextnav Acquisition'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 Nextnav Acquisition. If investors know Nextnav 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 Nextnav Acquisition listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.63) | Revenue Per Share 0.032 | Quarterly Revenue Growth 1.042 | Return On Assets (0.25) | Return On Equity (0.77) |
The market value of Nextnav Acquisition Corp is measured differently than its book value, which is the value of Nextnav that is recorded on the company's balance sheet. Investors also form their own opinion of Nextnav Acquisition's value that differs from its market value or its book value, called intrinsic value, which is Nextnav Acquisition'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 Nextnav Acquisition's market value can be influenced by many factors that don't directly affect Nextnav Acquisition'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 Nextnav Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nextnav Acquisition is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nextnav Acquisition'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.
Nextnav Acquisition '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 Nextnav Acquisition'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 Nextnav Acquisition.
| 11/06/2023 |
| 12/06/2023 |
If you would invest 0.00 in Nextnav Acquisition on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Nextnav Acquisition Corp or generate 0.0% return on investment in Nextnav Acquisition over 30 days. Nextnav Acquisition is related to or competes with SentinelOne, BlackBerry, Global Blue, Aurora Mobile, Marqeta, Block, and Zscaler. NextNav Inc. provides next generation global positioning system and 3D geolocation services More
Nextnav Acquisition 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 Nextnav Acquisition'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 Nextnav Acquisition Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.021439) | |||
| Maximum Drawdown | 22.06 | |||
| Value At Risk | (6.41) | |||
| Potential Upside | 7.16 |
Nextnav Acquisition Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nextnav Acquisition's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nextnav Acquisition's standard deviation. In reality, there are many statistical measures that can use Nextnav Acquisition historical prices to predict the future Nextnav Acquisition's volatility.| Risk Adjusted Performance | (0.007399) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Nextnav Acquisition'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. Please use the tools below to analyze the current value of Nextnav Acquisition in the context of predictive analytics.
Nextnav Acquisition Corp Backtested Returns
Nextnav Acquisition Corp has Sharpe Ratio of -0.0119, which conveys that the firm had -0.0119% of return per unit of risk over the last 3 months. Our standpoint towards estimating the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Nextnav Acquisition exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please verify Nextnav Acquisition Corp Risk Adjusted Performance of (0.007399), mean deviation of 3.31, and Standard Deviation of 4.32 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.9034, which conveys 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, Nextnav Acquisition will likely underperform. Even though it is essential to pay attention to Nextnav Acquisition Corp price patterns, it is always good to be careful when utilizing equity historical price patterns. Our philosophy towards estimating any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Nextnav Acquisition exposes fifteen different technical indicators, which can help you to evaluate its performance. Nextnav Acquisition Corp has an expected return of -0.0525%. Please make sure to verify Nextnav Acquisition Corp risk adjusted performance, variance, as well as the relationship between the Variance and potential upside to decide if Nextnav Acquisition Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.36 |
Poor reverse predictability
Nextnav Acquisition Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Nextnav Acquisition time series from 6th of November 2023 to 21st of November 2023 and 21st of November 2023 to 6th of December 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nextnav Acquisition Corp price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Nextnav Acquisition price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Nextnav Acquisition Corp lagged returns against current returns
Autocorrelation, which is Nextnav Acquisition 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 Nextnav Acquisition's stock expected returns. We can calculate the autocorrelation of Nextnav Acquisition returns to help us make a trade decision. For example, suppose you find that Nextnav Acquisition stock 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 stock movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Nextnav Acquisition 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 Nextnav Acquisition stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nextnav Acquisition stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nextnav Acquisition stock over time.
Current vs Lagged Prices |
| Timeline |
Nextnav Acquisition Lagged Returns
When evaluating Nextnav Acquisition's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nextnav Acquisition stock have on its future price. Nextnav Acquisition 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, Nextnav Acquisition autocorrelation shows the relationship between Nextnav Acquisition stock current value and its past values and can show if there is a momentum factor associated with investing in Nextnav Acquisition Corp.
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 Nextnav Acquisition 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, Nextnav Acquisition's short interest history, or implied volatility extrapolated from Nextnav Acquisition options trading.
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Check out Nextnav Acquisition Correlation, Nextnav Acquisition Volatility and Nextnav Acquisition Alpha and Beta module to complement your research on Nextnav Acquisition. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Nextnav Stock analysis
When running Nextnav Acquisition's price analysis, check to measure Nextnav Acquisition'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 Nextnav Acquisition is operating at the current time. Most of Nextnav Acquisition's value examination focuses on studying past and present price action to predict the probability of Nextnav Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nextnav Acquisition's price. Additionally, you may evaluate how the addition of Nextnav Acquisition to your portfolios can decrease your overall portfolio volatility.
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Nextnav Acquisition 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.