New Age Stock Forward View - Simple Moving Average
| NAM Stock | CAD 0.40 0.03 8.11% |
New Stock outlook is based on your current time horizon.
At this time, the relative strength momentum indicator of New Age's share price is approaching 48. This indicates that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling New Age, making its price go up or down. Momentum 48
Impartial
Oversold | Overbought |
Wall Street Target Price 0.95 |
Using New Age hype-based prediction, you can estimate the value of New Age Metals from the perspective of New Age response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Moving Average forecasted value of New Age Metals on the next trading day is expected to be 0.40 with a mean absolute deviation of 0.03 and the sum of the absolute errors of 1.75. New Age after-hype prediction price | CAD 0.38 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
New |
New Age Additional Predictive Modules
Most predictive techniques to examine New price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for New using various technical indicators. When you analyze New charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
New Age Simple Moving Average Price Forecast For the 23rd of February
Given 90 days horizon, the Simple Moving Average forecasted value of New Age Metals on the next trading day is expected to be 0.40 with a mean absolute deviation of 0.03, mean absolute percentage error of 0, and the sum of the absolute errors of 1.75.Please note that although there have been many attempts to predict New Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that New Age's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
New Age Stock Forecast Pattern
| Backtest New Age | New Age Price Prediction | Research Analysis |
New Age Forecasted Value
In the context of forecasting New Age's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. New Age's downside and upside margins for the forecasting period are 0 and 9.34, respectively. We have considered New Age's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of New Age stock data series using in forecasting. Note that when a statistical model is used to represent New Age stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 108.0174 |
| Bias | Arithmetic mean of the errors | -0.0022 |
| MAD | Mean absolute deviation | 0.0297 |
| MAPE | Mean absolute percentage error | 0.0659 |
| SAE | Sum of the absolute errors | 1.75 |
Predictive Modules for New Age
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as New Age Metals. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.New Age After-Hype Price Density Analysis
As far as predicting the price of New Age at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in New Age or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of New Age, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
New Age Estimiated After-Hype Price Volatility
In the context of predicting New Age's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on New Age's historical news coverage. New Age's after-hype downside and upside margins for the prediction period are 0.02 and 9.32, respectively. We have considered New Age's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
New Age is out of control at this time. Analysis and calculation of next after-hype price of New Age Metals is based on 3 months time horizon.
New Age Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as New Age is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading New Age backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with New Age, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
1.02 | 8.94 | 0.02 | 0.02 | 5 Events / Month | 2 Events / Month | In about 5 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
0.40 | 0.38 | 5.00 |
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New Age Hype Timeline
New Age Metals is now traded for 0.40on TSX Venture Exchange of Canada. The entity has historical hype elasticity of -0.02, and average elasticity to hype of competition of -0.02. New is estimated to decline in value after the next headline, with the price expected to drop to 0.38. The average volatility of media hype impact on the company price is over 100%. The price reduction on the next news is expected to be -5.0%, whereas the daily expected return is now at 1.02%. The volatility of related hype on New Age is about 37642.11%, with the expected price after the next announcement by competition of 0.38. About 34.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 1.78. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. New Age Metals last dividend was issued on the 1st of February 2017. The entity had 1:4 split on the 26th of August 2024. Assuming the 90 days horizon the next estimated press release will be in about 5 days. Check out Historical Fundamental Analysis of New Age to cross-verify your projections.New Age Related Hype Analysis
Having access to credible news sources related to New Age's direct competition is more important than ever and may enhance your ability to predict New Age's future price movements. Getting to know how New Age's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how New Age may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| AG | First Majestic Silver | (0.60) | 9 per month | 4.25 | 0.25 | 9.62 | (6.66) | 27.79 | |
| IE | Ivanhoe Energy | 0.15 | 4 per month | 4.95 | 0.06 | 8.04 | (8.02) | 26.80 | |
| ORE | Orezone Gold Corp | 0.07 | 3 per month | 3.29 | 0.23 | 8.11 | (5.50) | 25.76 | |
| FDY | Faraday Copper Corp | 0.02 | 8 per month | 2.74 | 0.24 | 7.05 | (5.23) | 19.70 | |
| FDR | Flinders Resources Limited | 0.17 | 1 per month | 0.00 | (0.03) | 7.06 | (6.22) | 16.41 | |
| URZ | Urz Energy Corp | 0.00 | 2 per month | 4.14 | 0.01 | 9.09 | (8.33) | 23.31 | |
| AML | Argus Metals Corp | 0.00 | 5 per month | 5.12 | 0.01 | 9.09 | (13.33) | 52.08 | |
| INFM | Infinico Metals Corp | 0.00 | 2 per month | 0.00 | 0.1 | 0.00 | 0.00 | 83.33 |
Other Forecasting Options for New Age
For every potential investor in New, whether a beginner or expert, New Age's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. New Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in New. Basic forecasting techniques help filter out the noise by identifying New Age's price trends.New Age Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with New Age stock to make a market-neutral strategy. Peer analysis of New Age could also be used in its relative valuation, which is a method of valuing New Age by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
New Age Market Strength Events
Market strength indicators help investors to evaluate how New Age stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading New Age shares will generate the highest return on investment. By undertsting and applying New Age stock market strength indicators, traders can identify New Age Metals entry and exit signals to maximize returns.
New Age Risk Indicators
The analysis of New Age's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in New Age's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting new stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 6.13 | |||
| Semi Deviation | 7.22 | |||
| Standard Deviation | 8.83 | |||
| Variance | 77.9 | |||
| Downside Variance | 77.15 | |||
| Semi Variance | 52.13 | |||
| Expected Short fall | (7.50) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for New Age
The number of cover stories for New Age depends on current market conditions and New Age's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that New Age is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about New Age's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Additional Tools for New Stock Analysis
When running New Age's price analysis, check to measure New Age'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 Age is operating at the current time. Most of New Age's value examination focuses on studying past and present price action to predict the probability of New Age'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 Age's price. Additionally, you may evaluate how the addition of New Age to your portfolios can decrease your overall portfolio volatility.