Nextdecade Corp Stock Performance

NEXT Stock  USD 5.68  0.29  5.38%   
On a scale of 0 to 100, Nextdecade Corp holds a performance score of 8. The company secures a Beta (Market Risk) of 1.78, 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, Nextdecade Corp will likely underperform. Please check Nextdecade Corp's treynor ratio, expected short fall, as well as the relationship between the Expected Short fall and day median price , to make a quick decision on whether Nextdecade Corp's current price movements will revert.

Risk-Adjusted Performance

8 of 100

 
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Compared to the overall equity markets, risk-adjusted returns on investments in Nextdecade Corp are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak basic indicators, Nextdecade Corp unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more

Actual Historical Performance (%)

One Day Return
(2.00)
Five Day Return
(2.18)
Year To Date Return
15.17
Ten Year Return
61.43
All Time Return
61.43
1
NextDecade Announces 50 Million Senior Secured Revolving Credit Facility and 12.5 Million Interest Term Loan
01/04/2024
2
2 Artificial Intelligence Stocks You Can Buy and Hold for the Next Decade - The Motley Fool
01/09/2024
3
Nextdecade Corp exotic insider transaction detected
02/01/2024
4
Acquisition by Wells Louis Spencer of 24557 shares of Nextdecade Corp subject to Rule 16b-3
02/02/2024
5
7 Stocks With the Best Chance to 20X in the Next Decade - InvestorPlace
02/23/2024
6
Cito Capital Group LLC Makes New 179,000 Investment in NextDecade Co.
03/06/2024
7
s Remain Rangebound Despite Extension of OPEC Cuts
03/08/2024
8
NextDecade Shares Up 4.6 percent - MarketBeat
03/14/2024
9
Disposition of 2980273 shares by Bardin Hill Investment Partners Lp of Nextdecade Corp subject to Rule 16b-3
03/20/2024
10
2 Breakout Growth Stocks You Can Buy and Hold for the Next Decade - sharewise
03/21/2024
11
Acquisition by Brent Wahl of 92669 shares of Nextdecade Corp subject to Rule 16b-3
03/25/2024
Begin Period Cash Flow62.8 M
  

Nextdecade Corp Relative Risk vs. Return Landscape

If you would invest  477.00  in Nextdecade Corp on December 29, 2023 and sell it today you would earn a total of  91.00  from holding Nextdecade Corp or generate 19.08% return on investment over 90 days. Nextdecade Corp is currently generating 0.3228% in daily expected returns and assumes 2.9096% risk (volatility on return distribution) over the 90 days horizon. In different words, 25% of stocks are less volatile than Nextdecade, and 94% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Expected Return   
       Risk  
Given the investment horizon of 90 days Nextdecade Corp is expected to generate 5.11 times more return on investment than the market. However, the company is 5.11 times more volatile than its market benchmark. It trades about 0.11 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.24 per unit of risk.

Nextdecade Corp Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nextdecade Corp's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Nextdecade Corp, and traders can use it to determine the average amount a Nextdecade Corp's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.111

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Estimated Market Risk

 2.91
  actual daily
25
75% of assets are more volatile

Expected Return

 0.32
  actual daily
6
94% of assets have higher returns

Risk-Adjusted Return

 0.11
  actual daily
8
92% of assets perform better
Based on monthly moving average Nextdecade Corp is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nextdecade Corp by adding it to a well-diversified portfolio.

Nextdecade Corp Fundamentals Growth

Nextdecade Stock prices reflect investors' perceptions of the future prospects and financial health of Nextdecade Corp, and Nextdecade Corp fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Nextdecade Stock performance.

About Nextdecade Corp Performance

To evaluate Nextdecade Corp Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Nextdecade Corp generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Nextdecade Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Nextdecade Corp market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Nextdecade's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Return On Capital Employed(0.04)(0.05)
Return On Assets(0.05)(0.05)
Return On Equity(0.56)(0.54)

Things to note about Nextdecade Corp performance evaluation

Checking the ongoing alerts about Nextdecade Corp for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Nextdecade Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Net Loss for the year was (162.26 M) with loss before overhead, payroll, taxes, and interest of (1.61 M).
Nextdecade Corp currently holds about 40.5 M in cash with (73.62 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.31.
Nextdecade Corp has a frail financial position based on the latest SEC disclosures
Roughly 66.0% of the company shares are owned by institutional investors
Latest headline from MacroaxisInsider: Acquisition by Brent Wahl of 92669 shares of Nextdecade Corp subject to Rule 16b-3
Evaluating Nextdecade Corp's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Nextdecade Corp's stock performance include:
  • Analyzing Nextdecade Corp's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Nextdecade Corp's stock is overvalued or undervalued compared to its peers.
  • Examining Nextdecade Corp's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Nextdecade Corp's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nextdecade Corp's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Nextdecade Corp's stock. These opinions can provide insight into Nextdecade Corp's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Nextdecade Corp's stock performance is not an exact science, and many factors can impact Nextdecade Corp's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
When determining whether Nextdecade Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Nextdecade Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Nextdecade Corp Stock. Highlighted below are key reports to facilitate an investment decision about Nextdecade Corp Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nextdecade Corp. 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 more information on how to buy Nextdecade Stock please use our How to Invest in Nextdecade Corp guide.
You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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Is Nextdecade Corp'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 Nextdecade Corp. If investors know Nextdecade 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 Nextdecade Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.94)
Return On Assets
(0.04)
Return On Equity
(0.44)
The market value of Nextdecade Corp is measured differently than its book value, which is the value of Nextdecade that is recorded on the company's balance sheet. Investors also form their own opinion of Nextdecade Corp's value that differs from its market value or its book value, called intrinsic value, which is Nextdecade Corp'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 Nextdecade Corp's market value can be influenced by many factors that don't directly affect Nextdecade Corp'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 Nextdecade Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nextdecade Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nextdecade Corp'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.