New Destiny Mining Stock Price on September 18, 2024
| NED Stock | CAD 0.03 0.01 25.00% |
Below is the normalized historical share price chart for New Destiny Mining extending back to January 11, 2011. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of New Destiny stands at 0.03, as last reported on the 3rd of December, with the highest price reaching 0.03 and the lowest price hitting 0.03 during the day.
If you're considering investing in New Stock, it is important to understand the factors that can impact its price. New Destiny Mining has Sharpe Ratio of -0.17, which conveys that the firm had a -0.17% return per unit of risk over the last 3 months. New Destiny exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify New Destiny's Mean Deviation of 3.19, risk adjusted performance of (0.14), and Standard Deviation of 6.49 to check out the risk estimate we provide.
Total Stockholder Equity is likely to climb to about (1.3 M) in 2024. Other Stockholder Equity is likely to drop to about 19.2 K in 2024. New Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 0.0599 | 50 Day MA 0.058 | Beta 1.541 |
New |
Sharpe Ratio = -0.1699
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Estimated Market Risk
| 6.48 actual daily | 57 57% of assets are less volatile |
Expected Return
| -1.1 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.17 actual daily | 0 Most of other assets perform better |
Based on monthly moving average New Destiny is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of New Destiny by adding New Destiny to a well-diversified portfolio.
Price Book 36.957 | Book Value (0.06) | Enterprise Value 699.1 K | Enterprise Value Ebitda (2.70) | Shares Float 22 M |
New Destiny Valuation on September 18, 2024
It is possible to determine the worth of New Destiny on a given historical date. On September 18, 2024 New was worth 0.07 at the beginning of the trading date compared to the closed value of 0.08. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of New Destiny stock. Still, in general, we apply an absolute valuation method to find New Destiny's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of New Destiny where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against New Destiny's related companies.
| Open | High | Low | Close | Volume | |
| 0.08 | 0.08 | 0.08 | 0.08 | 1.00 | |
09/18/2024 | 0.07 | 0.08 | 0.07 | 0.08 | 83,000 |
| 0.08 | 0.08 | 0.08 | 0.08 | 1.00 |
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New Destiny Trading Date Momentum on September 18, 2024
| On September 19 2024 New Destiny Mining was traded for 0.08 at the closing time. The highest daily price throughout the period was 0.08 and the lowest price was 0.08 . There was no trading activity during the period 1.0. Lack of trading volume on 09/19/2024 did not cause price change. The trading delta at closing time to current closing price is 12.50% . |
New Destiny Mining Fundamentals Correlations and Trends
By evaluating New Destiny's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among New Destiny's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. New financial account trend analysis is a perfect complement when working with valuation or volatility modules.About New Destiny Stock history
New Destiny investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for New is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in New Destiny Mining will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing New Destiny stock prices may prove useful in developing a viable investing in New Destiny
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 26 M | 18 M | |
| Net Loss | -161.9 K | -170 K |
New Destiny Stock Technical Analysis
New Destiny technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
New Destiny Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
New Destiny Mining cannot be verified against its exchange. Please verify the symbol is currently traded on TSX Venture Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
New Destiny December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how New Destiny 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 Destiny shares will generate the highest return on investment. By undertsting and applying New Destiny stock market strength indicators, traders can identify New Destiny Mining entry and exit signals to maximize returns
New Destiny Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for New Destiny's price direction in advance. Along with the technical and fundamental analysis of New Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of New to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (1.39) | |||
| Total Risk Alpha | (2.22) | |||
| Treynor Ratio | (1.02) |
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Additional Tools for New Stock Analysis
When running New Destiny's price analysis, check to measure New Destiny'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 Destiny is operating at the current time. Most of New Destiny's value examination focuses on studying past and present price action to predict the probability of New Destiny'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 Destiny's price. Additionally, you may evaluate how the addition of New Destiny to your portfolios can decrease your overall portfolio volatility.