New World Gold Stock Probability of Future Pink Sheet Price Finishing Over 2.0E-4
| NWGC Stock | USD 0.0001 0.00 0.00% |
New |
New World Target Price Odds to finish over 2.0E-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 move over $ 0.0002 or more in 90 days |
| 0.0001 | 90 days | 0.0002 | about 23.21 |
Based on a normal probability distribution, the odds of New World to move over $ 0.0002 or more in 90 days from now is about 23.21 (This New World Gold probability density function shows the probability of New Pink Sheet to fall within a particular range of prices over 90 days) . Probability of New World Gold price to stay between its current price of $ 0.0001 and $ 0.0002 at the end of the 90-day period is about 38.54 .
Given the investment horizon of 90 days New World Gold has a beta of -12.52. This indicates as returns on its benchmark rise, returns on holding New World Gold are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, New World is expected to outperform its benchmark. In addition to that New World Gold has an alpha of 5.8912, implying that it can generate a 5.89 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). New World Price Density |
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Predictive Modules for New World
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 World Gold. 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 World Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. New World is not an exception. The market had few large corrections towards the New World'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 World Gold, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of New World within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 5.89 | |
β | Beta against Dow Jones | -12.52 | |
σ | Overall volatility | 0.000097 | |
Ir | Information ratio | 0.08 |
New World 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 World for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for New World Gold 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 World Gold generated a negative expected return over the last 90 days | |
| New World Gold has high historical volatility and very poor performance | |
| New World Gold has some characteristics of a very speculative penny stock | |
| New World Gold currently holds about 158.1 K in cash with (30.7 K) of positive cash flow from operations. |
New World Technical Analysis
New World'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 World Gold. In general, you should focus on analyzing New Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
New World Predictive Forecast Models
New World's time-series forecasting models is one of many New World'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 World'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 World Gold
Checking the ongoing alerts about New World for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for New World Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| New World Gold generated a negative expected return over the last 90 days | |
| New World Gold has high historical volatility and very poor performance | |
| New World Gold has some characteristics of a very speculative penny stock | |
| New World Gold currently holds about 158.1 K in cash with (30.7 K) of positive cash flow from operations. |
Other Information on Investing in New Pink Sheet
New World financial ratios help investors to determine whether New Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in New with respect to the benefits of owning New World security.