New Momentum Stock Probability of Future Pink Sheet Price Finishing Under 5.83E-4
| NNAX Stock | USD 0.0005 0.0001 16.67% |
New |
New Momentum Target Price Odds to finish below 5.83E-4
The tendency of New Pink Sheet price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 0.0006 after 90 days |
| 0.0005 | 90 days | 0.0006 | about 29.28 |
Based on a normal probability distribution, the odds of New Momentum to stay under $ 0.0006 after 90 days from now is about 29.28 (This New Momentum probability density function shows the probability of New Pink Sheet to fall within a particular range of prices over 90 days) . Probability of New Momentum price to stay between its current price of $ 0.0005 and $ 0.0006 at the end of the 90-day period is about 16.56 .
Given the investment horizon of 90 days New Momentum has a beta of -0.45. This indicates as returns on the benchmark increase, returns on holding New Momentum are expected to decrease at a much lower rate. During a bear market, however, New Momentum is likely to outperform the market. Additionally New Momentum has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. New Momentum Price Density |
| Price |
Predictive Modules for New Momentum
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 Momentum. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 Momentum Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. New Momentum is not an exception. The market had few large corrections towards the New Momentum's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold New Momentum, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of New Momentum within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.18 | |
β | Beta against Dow Jones | -0.45 | |
σ | Overall volatility | 0.0001 | |
Ir | Information ratio | -0.03 |
New Momentum Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of New Momentum for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for New Momentum can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| New Momentum generated a negative expected return over the last 90 days | |
| New Momentum has high historical volatility and very poor performance | |
| New Momentum has some characteristics of a very speculative penny stock | |
| New Momentum currently holds 373.27 K in liabilities. New Momentum has a current ratio of 0.22, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist New Momentum until it has trouble settling it off, either with new capital or with free cash flow. So, New Momentum's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like New Momentum sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for New to invest in growth at high rates of return. When we think about New Momentum's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 1.29 M. Net Loss for the year was (287.76 K) with profit before overhead, payroll, taxes, and interest of 5.39 K. | |
| New Momentum currently holds about 104.31 K in cash with (108.89 K) of positive cash flow from operations. | |
| Roughly 84.0% of the company outstanding shares are owned by corporate insiders |
New Momentum Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of New Pink Sheet often depends not only on the future outlook of the current and potential New Momentum's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. New Momentum's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 176.2 M |
New Momentum Technical Analysis
New Momentum's future price can be derived by breaking down and analyzing its technical indicators over time. New Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of New Momentum. In general, you should focus on analyzing New Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
New Momentum Predictive Forecast Models
New Momentum's time-series forecasting models is one of many New Momentum's pink sheet analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary New Momentum's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the pink sheet market movement and maximize returns from investment trading.
Things to note about New Momentum
Checking the ongoing alerts about New Momentum for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for New Momentum help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| New Momentum generated a negative expected return over the last 90 days | |
| New Momentum has high historical volatility and very poor performance | |
| New Momentum has some characteristics of a very speculative penny stock | |
| New Momentum currently holds 373.27 K in liabilities. New Momentum has a current ratio of 0.22, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist New Momentum until it has trouble settling it off, either with new capital or with free cash flow. So, New Momentum's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like New Momentum sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for New to invest in growth at high rates of return. When we think about New Momentum's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 1.29 M. Net Loss for the year was (287.76 K) with profit before overhead, payroll, taxes, and interest of 5.39 K. | |
| New Momentum currently holds about 104.31 K in cash with (108.89 K) of positive cash flow from operations. | |
| Roughly 84.0% of the company outstanding shares are owned by corporate insiders |
Additional Tools for New Pink Sheet Analysis
When running New Momentum's price analysis, check to measure New Momentum'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 Momentum is operating at the current time. Most of New Momentum's value examination focuses on studying past and present price action to predict the probability of New Momentum'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 Momentum's price. Additionally, you may evaluate how the addition of New Momentum to your portfolios can decrease your overall portfolio volatility.