New Momentum Stock Price on December 5, 2024
If you're considering investing in New Pink Sheet, it is important to understand the factors that can impact its price. New Momentum appears to be out of control, given 3 months investment horizon. New Momentum has Sharpe Ratio of 0.0654, which conveys that the firm had a 0.0654 % return per unit of risk over the last 3 months. By analyzing New Momentum's technical indicators, you can evaluate if the expected return of 0.87% is justified by implied risk. Please exercise New Momentum's Downside Deviation of 20.19, risk adjusted performance of 0.065, and Mean Deviation of 8.86 to check out if our risk estimates are consistent with your expectations.
New Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
New |
Sharpe Ratio = 0.0654
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Estimated Market Risk
13.32 actual daily | 96 96% of assets are less volatile |
Expected Return
0.87 actual daily | 17 83% of assets have higher returns |
Risk-Adjusted Return
0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average New Momentum is performing at about 5% of its full potential. 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 Momentum by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
About New Momentum Pink Sheet history
New Momentum 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 Momentum 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 Momentum stock prices may prove useful in developing a viable investing in New Momentum
New Momentum Corporation develops and operates an online ticketing platform under the Gagfare.com name. The company also offers its services through Gagfare mobile application. New Momentum is traded on OTC Exchange in the United States.
New Momentum Pink Sheet Technical Analysis
New Momentum technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
New Momentum Period Price Range
Low | January 23, 2025
| High |
0.00 | 0.00 |
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New Momentum January 23, 2025 Market Strength
Market strength indicators help investors to evaluate how New Momentum pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading New Momentum shares will generate the highest return on investment. By undertsting and applying New Momentum pink sheet market strength indicators, traders can identify New Momentum entry and exit signals to maximize returns
New Momentum Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for New Momentum's price direction in advance. Along with the technical and fundamental analysis of New Pink Sheet 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 | 0.065 | |||
Jensen Alpha | 0.9165 | |||
Total Risk Alpha | 0.265 | |||
Sortino Ratio | 0.0407 | |||
Treynor Ratio | (0.58) |
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Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Other Tools for New Pink Sheet
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.
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