Nexgen Energy Stock Alpha and Beta Analysis
| NXE Stock | USD 7.62 0.08 1.06% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as NexGen Energy. It also helps investors analyze the systematic and unsystematic risks associated with investing in NexGen Energy over a specified time horizon. Remember, high NexGen Energy's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to NexGen Energy's market risk premium analysis include:
Beta 2.48 | Alpha 0.0165 | Risk 4.05 | Sharpe Ratio 0.0586 | Expected Return 0.24 |
Enterprise Value |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
NexGen |
NexGen Energy Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. NexGen Energy market risk premium is the additional return an investor will receive from holding NexGen Energy long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in NexGen Energy. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate NexGen Energy's performance over market.| α | 0.02 | β | 2.48 |
NexGen Energy expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of NexGen Energy's Buy-and-hold return. Our buy-and-hold chart shows how NexGen Energy performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.NexGen Energy Market Price Analysis
Market price analysis indicators help investors to evaluate how NexGen Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NexGen Energy shares will generate the highest return on investment. By understating and applying NexGen Energy stock market price indicators, traders can identify NexGen Energy position entry and exit signals to maximize returns.
NexGen Energy Return and Market Media
The median price of NexGen Energy for the period between Fri, Feb 23, 2024 and Thu, May 23, 2024 is 7.69 with a coefficient of variation of 5.99. The daily time series for the period is distributed with a sample standard deviation of 0.46, arithmetic mean of 7.72, and mean deviation of 0.36. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | NexGen Energy Unveils Major Uranium Discovery - TipRanks.com - TipRanks | 03/11/2024 |
2 | Is NexGen Energy Ltd Stock Near the Top of the Uranium Industry - InvestorsObserver | 03/13/2024 |
3 | 7 Strong Buy Stocks Under 20 With Good Value for the Price - InvestorPlace | 03/18/2024 |
4 | Is NexGen Energy Ltd a Winner in the Uranium Industry - InvestorsObserver | 03/26/2024 |
5 | Scotiabank starts NexGen Energy stock with upbeat view, cites attractive valuation | 04/01/2024 |
6 | NexGen Energy Ltd. Increased 11 percent in Q1 | 04/17/2024 |
7 | NexGen Energy announces C180M CDI offering in Australia | 04/30/2024 |
8 | NexGen Energy plunges on dilutive 250M deal for physical uranium | 05/08/2024 |
9 | Check Out What Whales Are Doing With NXE | 05/10/2024 |
10 | NexGen Energy Ltd. Q1 2024 Earnings Call Transcript | 05/15/2024 |
About NexGen Energy Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including NexGen or other stocks. Alpha measures the amount that position in NexGen Energy has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2023 | 2024 (projected) | Days Sales Outstanding | 5.9K | 5.3K | PTB Ratio | 5.63 | 5.35 |
NexGen Energy Upcoming Company Events
As portrayed in its financial statements, the presentation of NexGen Energy's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, NexGen Energy's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of NexGen Energy's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of NexGen Energy. Please utilize our Beneish M Score to check the likelihood of NexGen Energy's management manipulating its earnings.
| 23rd of February 2024 Upcoming Quarterly Report | View | |
| 1st of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 23rd of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with NexGen Energy
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Align your risk with return expectations
Check out NexGen Energy Backtesting, NexGen Energy Valuation, NexGen Energy Correlation, NexGen Energy Hype Analysis, NexGen Energy Volatility, NexGen Energy History and analyze NexGen Energy Performance. For information on how to trade NexGen Stock refer to our How to Trade NexGen Stock guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for NexGen Stock analysis
When running NexGen Energy's price analysis, check to measure NexGen Energy'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 NexGen Energy is operating at the current time. Most of NexGen Energy's value examination focuses on studying past and present price action to predict the probability of NexGen Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NexGen Energy's price. Additionally, you may evaluate how the addition of NexGen Energy to your portfolios can decrease your overall portfolio volatility.
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NexGen Energy 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.