Newton Competitors
| NWTG Stock | 1.50 0.03 1.96% |
Newton Golf vs Neo Concept Correlation
Modest diversification
The correlation between Newton Golf and NCI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Newton Golf and NCI in the same portfolio, assuming nothing else is changed.
Moving together with Newton Stock
| 0.61 | MAT | Mattel Inc | PairCorr |
| 0.67 | PII | Polaris Industries | PairCorr |
| 0.72 | YETI | YETI Holdings Earnings Call This Week | PairCorr |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Newton Golf'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.
Newton Golf Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Newton Golf and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Newton and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Newton Golf does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Newton Stock performing well and Newton Golf Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Newton Golf's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AREB | 7.01 | (4.56) | 0.00 | 15.95 | 0.00 | 10.62 | 78.60 | |||
| GORV | 7.93 | (2.42) | 0.00 | 2.26 | 0.00 | 13.27 | 54.71 | |||
| KXIN | 13.63 | (3.70) | 0.00 | (0.65) | 0.00 | 19.32 | 122.02 | |||
| ECDA | 12.22 | (5.83) | 0.00 | (11.95) | 0.00 | 17.65 | 138.90 | |||
| INEO | 4.20 | (0.61) | 0.00 | (0.35) | 0.00 | 7.84 | 29.22 | |||
| CREV | 9.66 | (4.74) | 0.00 | 4.07 | 0.00 | 10.19 | 90.77 | |||
| SPHL | 22.64 | 6.93 | 0.56 | 0.66 | 11.63 | 21.12 | 731.10 | |||
| JEM | 3.90 | (1.05) | 0.00 | 4.45 | 0.00 | 6.90 | 51.92 | |||
| YJ | 3.11 | (0.33) | 0.00 | (0.39) | 0.00 | 6.99 | 30.41 | |||
| NCI | 5.78 | (0.55) | 0.00 | (0.24) | 0.00 | 9.65 | 79.32 |
Cross Equities Net Income Analysis
Compare Newton Golf and related stocks such as American Rebel Holdings, Lazydays Holdings, and Kaixin Auto Holdings Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AREB | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (110.9 K) | (1.4 M) | (2.9 M) | (2 M) | (7.6 M) | (6 M) | (6.1 M) | (10.1 M) | (11.1 M) | (17.6 M) | (15.8 M) | (15.1 M) |
| KXIN | (7.4 M) | (7.4 M) | (7.4 M) | (7.4 M) | (7.4 M) | (7.4 M) | (24.1 M) | 337.2 K | (88.6 M) | (69.1 M) | (166 K) | (196.6 M) | (84.7 M) | (53.6 M) | (41 M) | (36.9 M) | (38.7 M) |
| ECDA | 882.9 K | 882.9 K | 882.9 K | 882.9 K | 882.9 K | 882.9 K | 882.9 K | 882.9 K | 882.9 K | 882.9 K | 882.9 K | 882.9 K | (2.4 M) | (1.6 M) | (10.8 M) | (9.7 M) | (9.2 M) |
| INEO | 972 K | 972 K | 972 K | 972 K | 972 K | 972 K | 972 K | 972 K | 972 K | 972 K | 972 K | 1.4 M | 1.4 M | 1.6 M | 8 K | 7.2 K | 6.8 K |
| CREV | (78.7 M) | (78.7 M) | (78.7 M) | (78.7 M) | (78.7 M) | (78.7 M) | (78.7 M) | (78.7 M) | (78.7 M) | (78.7 M) | (36 M) | 6.2 M | (79.2 M) | (221.1 M) | (221.1 M) | (199 M) | (189 M) |
| SPHL | 617.7 K | 617.7 K | 617.7 K | 617.7 K | 617.7 K | 617.7 K | 617.7 K | 617.7 K | 617.7 K | 617.7 K | 617.7 K | 617.7 K | 617.7 K | 2.4 M | (1 M) | (928 K) | (881.6 K) |
| YJ | (24.7 M) | (24.7 M) | (24.7 M) | (24.7 M) | (24.7 M) | (24.7 M) | (24.7 M) | (105.7 M) | (59.7 M) | (120.6 M) | (147.9 M) | 132 M | (131.3 M) | (165.1 M) | (123.1 M) | (110.8 M) | (116.3 M) |
| NCI | 8.9 M | 41.1 M | 46.2 M | 52.2 M | (36.4 M) | 60.3 M | 58.1 M | 75 M | 120.6 M | (3.3 M) | (3.3 M) | 5.5 M | 12.4 M | 4.4 M | 8.1 M | 7.3 M | 6.9 M |
Newton Golf and related stocks such as American Rebel Holdings, Lazydays Holdings, and Kaixin Auto Holdings Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Newton Golf financial statement analysis. It represents the amount of money remaining after all of Newton Golf operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Newton Golf Competitive Analysis
The better you understand Newton Golf competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Newton Golf's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Newton Golf's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Newton Golf Competition Performance Charts
Five steps to successful analysis of Newton Golf Competition
Newton Golf's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Newton Golf in relation to its competition. Newton Golf's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Newton Golf in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Newton Golf's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Newton Golf, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Newton Golf position
In addition to having Newton Golf in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Alcohol Thematic Idea Now
Alcohol
Companies involved in production and distribution of wines and alcoholic beverages. The Alcohol theme has 18 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Alcohol Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Newton Golf Correlation with its peers. For more detail on how to invest in Newton Stock please use our How to Invest in Newton Golf guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Can Leisure Products industry sustain growth momentum? Does Newton have expansion opportunities? Factors like these will boost the valuation of Newton Golf. Anticipated expansion of Newton directly elevates investor willingness to pay premium valuations. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating Newton Golf demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Earnings Share (109.35) | Revenue Per Share | Quarterly Revenue Growth 1.132 | Return On Assets | Return On Equity |
The market value of Newton Golf is measured differently than its book value, which is the value of Newton that is recorded on the company's balance sheet. Investors also form their own opinion of Newton Golf's value that differs from its market value or its book value, called intrinsic value, which is Newton Golf's true underlying value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Because Newton Golf's market value can be influenced by many factors that don't directly affect Newton Golf's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between Newton Golf's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Newton Golf should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Newton Golf's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.