Nextracker Class A Stock Alpha and Beta Analysis
| NXT Stock | 55.17 1.48 2.61% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Nextracker Class A. It also helps investors analyze the systematic and unsystematic risks associated with investing in Nextracker over a specified time horizon. Remember, high Nextracker'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 Nextracker's market risk premium analysis include:
Beta 1.75 | Alpha (0.11) | Risk 3.43 | Sharpe Ratio 0.002 | Expected Return 0.0069 |
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.
Nextracker |
Nextracker Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Nextracker market risk premium is the additional return an investor will receive from holding Nextracker 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 Nextracker. 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 Nextracker's performance over market.| α | -0.11 | β | 1.75 |
Nextracker 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 Nextracker's Buy-and-hold return. Our buy-and-hold chart shows how Nextracker performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Nextracker Market Price Analysis
Market price analysis indicators help investors to evaluate how Nextracker stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nextracker shares will generate the highest return on investment. By understating and applying Nextracker stock market price indicators, traders can identify Nextracker position entry and exit signals to maximize returns.
Nextracker Return and Market Media
The median price of Nextracker for the period between Tue, Mar 5, 2024 and Mon, Jun 3, 2024 is 51.19 with a coefficient of variation of 12.59. The daily time series for the period is distributed with a sample standard deviation of 6.43, arithmetic mean of 51.1, and mean deviation of 5.88. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Acquisition by Lundstrom Paul of 55009 shares of Nextracker subject to Rule 16b-3 | 04/22/2024 |
2 | ASX up 0.53 percent near noon Consumer Discretionary leads sectors | 05/03/2024 |
3 | Stock futures are little changed as Wall Street readies for key inflation report Live updates | 05/14/2024 |
4 | NEXTracker Inc Earnings Call Transcript Highlights Stellar Growth and ... | 05/15/2024 |
5 | Wall Street Analysts See Nextracker as a Buy Should You Invest | 05/16/2024 |
6 | These are the 2 best ASX 200 stocks to buy now for the AI megatrend expert | 05/20/2024 |
7 | Forget Nvidia This ASX growth stock is poised for its own bull run | 05/22/2024 |
8 | Here are JPMorgans top clean energy picks for the rest of 2024 | 05/24/2024 |
9 | Liv Morgan-Dominik Mysterios stunning kiss raises critical WWE creative question | 05/29/2024 |
10 | Nextracker Full Year 2024 Earnings Beats Expectations | 05/31/2024 |
About Nextracker 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 Nextracker or other stocks. Alpha measures the amount that position in Nextracker Class A 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) | Dividend Yield | 0.25 | 0.22 | Price To Sales Ratio | 2.04 | 2.15 |
Nextracker Upcoming Company Events
As portrayed in its financial statements, the presentation of Nextracker's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Nextracker's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Nextracker's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Nextracker. Please utilize our Beneish M Score to check the likelihood of Nextracker's management manipulating its earnings.
| 31st of January 2024 Upcoming Quarterly Report | View | |
| 8th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 8th of May 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of March 2023 Last Financial Announcement | View |
Build Portfolio with Nextracker
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Nextracker Backtesting, Nextracker Valuation, Nextracker Correlation, Nextracker Hype Analysis, Nextracker Volatility, Nextracker History and analyze Nextracker Performance. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Nextracker Stock analysis
When running Nextracker's price analysis, check to measure Nextracker'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 Nextracker is operating at the current time. Most of Nextracker's value examination focuses on studying past and present price action to predict the probability of Nextracker's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nextracker's price. Additionally, you may evaluate how the addition of Nextracker to your portfolios can decrease your overall portfolio volatility.
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Nextracker 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.