Nxg Nextgen Infrastructure Stock Technical Analysis
| NXG Stock | USD 46.94 0.36 0.77% |
As of the 18th of November 2024, NXG NextGen secures the risk adjusted performance of 0.2307, and Mean Deviation of 0.7719. In respect to fundamental indicators, the technical analysis model lets you check practical technical drivers of NXG NextGen Infrastr, as well as the relationship between them. Please verify NXG NextGen Infrastr information ratio, as well as the relationship between the potential upside and kurtosis to decide if NXG NextGen Infrastructure is priced more or less accurately, providing market reflects its recent price of 46.94 per share. Given that NXG NextGen Infrastr has jensen alpha of 0.2797, we recommend you to check NXG NextGen's last-minute market performance to make sure the company can sustain itself at some point in the future.
NXG NextGen Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as NXG, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NXGNXG |
NXG NextGen 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.
NXG NextGen Infrastr Technical Analysis
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of NXG NextGen Infrastr volatility. High ATR values indicate high volatility, and low values indicate low volatility.
NXG NextGen Infrastr Trend Analysis
Use this graph to draw trend lines for NXG NextGen Infrastructure. You can use it to identify possible trend reversals for NXG NextGen as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual NXG NextGen price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.NXG NextGen Best Fit Change Line
The following chart estimates an ordinary least squares regression model for NXG NextGen Infrastructure applied against its price change over selected period. The best fit line has a slop of 0.14 , which may imply that NXG NextGen Infrastructure will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 759.32, which is the sum of squared deviations for the predicted NXG NextGen price change compared to its average price change.About NXG NextGen Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of NXG NextGen Infrastructure on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of NXG NextGen Infrastructure based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on NXG NextGen Infrastr price pattern first instead of the macroeconomic environment surrounding NXG NextGen Infrastr. By analyzing NXG NextGen's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of NXG NextGen's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to NXG NextGen specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2020 | 2022 (projected) | PTB Ratio | 0.85 | 0.8 | Dividend Yield | 0.0568 | 0.12 |
NXG NextGen November 18, 2024 Technical Indicators
Most technical analysis of NXG help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for NXG from various momentum indicators to cycle indicators. When you analyze NXG charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | 0.2307 | |||
| Market Risk Adjusted Performance | 0.6393 | |||
| Mean Deviation | 0.7719 | |||
| Semi Deviation | 0.3314 | |||
| Downside Deviation | 0.958 | |||
| Coefficient Of Variation | 331.64 | |||
| Standard Deviation | 1.13 | |||
| Variance | 1.28 | |||
| Information Ratio | 0.2069 | |||
| Jensen Alpha | 0.2797 | |||
| Total Risk Alpha | 0.1855 | |||
| Sortino Ratio | 0.2439 | |||
| Treynor Ratio | 0.6293 | |||
| Maximum Drawdown | 5.18 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 2.53 | |||
| Downside Variance | 0.9178 | |||
| Semi Variance | 0.1098 | |||
| Expected Short fall | (0.86) | |||
| Skewness | 0.9735 | |||
| Kurtosis | 2.98 |
Complementary Tools for NXG Stock analysis
When running NXG NextGen's price analysis, check to measure NXG NextGen'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 NXG NextGen is operating at the current time. Most of NXG NextGen's value examination focuses on studying past and present price action to predict the probability of NXG NextGen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NXG NextGen's price. Additionally, you may evaluate how the addition of NXG NextGen to your portfolios can decrease your overall portfolio volatility.
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