New Enterprise Value Multiple from 2010 to 2025
| GBR Stock | USD 1.18 0.05 4.42% |
Enterprise Value Multiple | First Reported 2010-12-31 | Previous Quarter (527.06) | Current Value (500.71) | Quarterly Volatility 233.28343588 |
Check New Concept financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among New Concept's main balance sheet or income statement drivers, such as Depreciation And Amortization of 11.1 K, Interest Expense of 0.0 or Total Revenue of 130 K, as well as many indicators such as Price To Sales Ratio of 31.91, Dividend Yield of 0.0013 or PTB Ratio of 1.69. New financial statements analysis is a perfect complement when working with New Concept Valuation or Volatility modules.
New | Enterprise Value Multiple |
Latest New Concept's Enterprise Value Multiple Growth Pattern
Below is the plot of the Enterprise Value Multiple of New Concept Energy over the last few years. It is New Concept's Enterprise Value Multiple historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in New Concept's overall financial position and show how it may be relating to other accounts over time.
| Enterprise Value Multiple | 10 Years Trend |
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Enterprise Value Multiple |
| Timeline |
New Enterprise Value Multiple Regression Statistics
| Arithmetic Mean | (116.63) | |
| Geometric Mean | 23.90 | |
| Coefficient Of Variation | (200.02) | |
| Mean Deviation | 188.42 | |
| Median | (1.06) | |
| Standard Deviation | 233.28 | |
| Sample Variance | 54,421 | |
| Range | 710 | |
| R-Value | (0.62) | |
| Mean Square Error | 36,031 | |
| R-Squared | 0.38 | |
| Significance | 0.01 | |
| Slope | (30.29) | |
| Total Sum of Squares | 816,317 |
New Enterprise Value Multiple History
About New Concept Financial Statements
New Concept shareholders use historical fundamental indicators, such as Enterprise Value Multiple, to determine how well the company is positioned to perform in the future. Although New Concept investors may analyze each financial statement separately, they are all interrelated. The changes in New Concept's assets and liabilities, for example, are also reflected in the revenues and expenses on on New Concept's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Enterprise Value Multiple | (527.06) | (500.71) |
Pair Trading with New Concept
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if New Concept position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in New Concept will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to New Concept could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Concept when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back New Concept - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling New Concept Energy to buy it.
The correlation of New Concept is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as New Concept moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Concept Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for New Concept can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for New Stock Analysis
When running New Concept's price analysis, check to measure New Concept'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 New Concept is operating at the current time. Most of New Concept's value examination focuses on studying past and present price action to predict the probability of New Concept's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Concept's price. Additionally, you may evaluate how the addition of New Concept to your portfolios can decrease your overall portfolio volatility.