Nextnav Acquisition Corp Stock Market Value
| NN Stock | USD 14.22 0.07 0.49% |
| Symbol | Nextnav |
Nextnav Acquisition Corp Price To Book Ratio
Is Application Software space 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 (0.83) | Revenue Per Share 0.043 | Quarterly Revenue Growth 0.565 | Return On Assets (0.24) | Return On Equity (1.15) |
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.
| 03/23/2024 |
| 11/18/2024 |
If you would invest 0.00 in Nextnav Acquisition on March 23, 2024 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 240 days. Nextnav Acquisition is related to or competes with SentinelOne, BlackBerry, Zscaler, DigitalOcean Holdings, and Datasea. 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.
| Downside Deviation | 4.3 | |||
| Information Ratio | 0.2273 | |||
| Maximum Drawdown | 18.29 | |||
| Value At Risk | (7.56) | |||
| Potential Upside | 6.68 |
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 | 0.2 | |||
| Jensen Alpha | 0.8708 | |||
| Total Risk Alpha | 0.4856 | |||
| Sortino Ratio | 0.2079 | |||
| Treynor Ratio | 0.8014 |
Nextnav Acquisition Corp Backtested Returns
Nextnav Acquisition is somewhat reliable given 3 months investment horizon. Nextnav Acquisition Corp has Sharpe Ratio of 0.31, which conveys that the firm had a 0.31% return per unit of risk over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.18% are justified by taking the suggested risk. Use Nextnav Acquisition Corp Risk Adjusted Performance of 0.2, downside deviation of 4.3, and Mean Deviation of 2.97 to evaluate company specific risk that cannot be diversified away. Nextnav Acquisition holds a performance score of 24 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 1.24, 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. Use Nextnav Acquisition Corp semi variance, as well as the relationship between the daily balance of power and price action indicator , to analyze future returns on Nextnav Acquisition Corp.
Auto-correlation | 0.31 |
Below average predictability
Nextnav Acquisition Corp has below average predictability. Overlapping area represents the amount of predictability between Nextnav Acquisition time series from 23rd of March 2024 to 21st of July 2024 and 21st of July 2024 to 18th of November 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 Nextnav Acquisition Corp price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Nextnav Acquisition price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 4.49 |
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 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 |
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 |
Pair Trading with Nextnav Acquisition
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 Nextnav Acquisition 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 Nextnav Acquisition will appreciate offsetting losses from the drop in the long position's value.Moving together with Nextnav Stock
Moving against Nextnav Stock
| 0.86 | VHAI | VHAI | PairCorr |
| 0.63 | VRAR | Glimpse Group | PairCorr |
| 0.6 | FAAS | DigiAsia Corp Symbol Change | PairCorr |
| 0.51 | MQ | Marqeta Tech Boost | PairCorr |
| 0.48 | VRNT | Verint Systems | PairCorr |
The ability to find closely correlated positions to Nextnav Acquisition could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nextnav Acquisition 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 Nextnav Acquisition - 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 Nextnav Acquisition Corp to buy it.
The correlation of Nextnav Acquisition 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 Nextnav Acquisition moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nextnav Acquisition Corp 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 Nextnav Acquisition 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 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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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.