Nexstar Broadcasting Group Stock Market Value
| NXST Stock | USD 188.50 5.25 2.86% |
| Symbol | Nexstar |
Nexstar Broadcasting Price To Book Ratio
Is Broadcasting 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 Nexstar Broadcasting. If investors know Nexstar 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 Nexstar Broadcasting listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.341 | Earnings Share 13.1 | Revenue Per Share 147.785 | Quarterly Revenue Growth 0.023 | Return On Assets 0.0477 |
The market value of Nexstar Broadcasting is measured differently than its book value, which is the value of Nexstar that is recorded on the company's balance sheet. Investors also form their own opinion of Nexstar Broadcasting's value that differs from its market value or its book value, called intrinsic value, which is Nexstar Broadcasting'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 Nexstar Broadcasting's market value can be influenced by many factors that don't directly affect Nexstar Broadcasting'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 Nexstar Broadcasting's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nexstar Broadcasting is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nexstar Broadcasting'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.
Nexstar Broadcasting '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 Nexstar Broadcasting'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 Nexstar Broadcasting.
| 07/11/2024 |
| 11/08/2024 |
If you would invest 0.00 in Nexstar Broadcasting on July 11, 2024 and sell it all today you would earn a total of 0.00 from holding Nexstar Broadcasting Group or generate 0.0% return on investment in Nexstar Broadcasting over 120 days. Nexstar Broadcasting is related to or competes with News Corp, Fox Corp, Liberty Media, AMC Networks, Marcus, Madison Square, and Liberty Media. Nexstar Media Group, Inc., a television broadcasting and digital media company, focuses on the acquisition, development,... More
Nexstar Broadcasting 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 Nexstar Broadcasting'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 Nexstar Broadcasting Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 6.98 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 2.69 |
Nexstar Broadcasting Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nexstar Broadcasting's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nexstar Broadcasting's standard deviation. In reality, there are many statistical measures that can use Nexstar Broadcasting historical prices to predict the future Nexstar Broadcasting's volatility.| Risk Adjusted Performance | 0.0837 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1399 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nexstar Broadcasting'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.
Nexstar Broadcasting Backtested Returns
Nexstar Broadcasting appears to be very steady, given 3 months investment horizon. Nexstar Broadcasting has Sharpe Ratio of 0.21, which conveys that the firm had a 0.21% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nexstar Broadcasting, which you can use to evaluate the volatility of the firm. Please exercise Nexstar Broadcasting's Risk Adjusted Performance of 0.0837, mean deviation of 1.27, and Downside Deviation of 1.5 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nexstar Broadcasting holds a performance score of 16. The company secures a Beta (Market Risk) of 1.14, which conveys a somewhat significant risk relative to the market. Nexstar Broadcasting returns are very sensitive to returns on the market. As the market goes up or down, Nexstar Broadcasting is expected to follow. Please check Nexstar Broadcasting'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 Nexstar Broadcasting's current price movements will revert.
Auto-correlation | -0.3 |
Weak reverse predictability
Nexstar Broadcasting Group has weak reverse predictability. Overlapping area represents the amount of predictability between Nexstar Broadcasting time series from 11th of July 2024 to 9th of September 2024 and 9th of September 2024 to 8th 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 Nexstar Broadcasting price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Nexstar Broadcasting price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 20.51 |
Nexstar Broadcasting lagged returns against current returns
Autocorrelation, which is Nexstar Broadcasting 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 Nexstar Broadcasting's stock expected returns. We can calculate the autocorrelation of Nexstar Broadcasting returns to help us make a trade decision. For example, suppose you find that Nexstar Broadcasting 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 |
Nexstar Broadcasting 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 Nexstar Broadcasting stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nexstar Broadcasting stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nexstar Broadcasting stock over time.
Current vs Lagged Prices |
| Timeline |
Nexstar Broadcasting Lagged Returns
When evaluating Nexstar Broadcasting's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nexstar Broadcasting stock have on its future price. Nexstar Broadcasting 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, Nexstar Broadcasting autocorrelation shows the relationship between Nexstar Broadcasting stock current value and its past values and can show if there is a momentum factor associated with investing in Nexstar Broadcasting Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Nexstar Stock Analysis
When running Nexstar Broadcasting's price analysis, check to measure Nexstar Broadcasting'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 Nexstar Broadcasting is operating at the current time. Most of Nexstar Broadcasting's value examination focuses on studying past and present price action to predict the probability of Nexstar Broadcasting's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nexstar Broadcasting's price. Additionally, you may evaluate how the addition of Nexstar Broadcasting to your portfolios can decrease your overall portfolio volatility.