New World Gold Stock Price on November 3, 2023
If you're considering investing in New Pink Sheet, it is important to understand the factors that can impact its price. New World Gold has Sharpe Ratio of -0.096, which conveys that the firm had a -0.096% return per unit of risk over the last 3 months. New World exposes thirteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify New World's Standard Deviation of 52.16, mean deviation of 14.81, and Risk Adjusted Performance of 0.092 to check out the risk estimate we provide.
New Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
New |
Sharpe Ratio = -0.096
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Estimated Market Risk
21.49 actual daily | 96 96% of assets are less volatile |
Expected Return
-2.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average New World 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 World by adding New World to a well-diversified portfolio.
New World Valuation on November 3, 2023
It is possible to determine the worth of New World on a given historical date. On November 3, 2023 New was worth 1.0E-4 at the beginning of the trading date compared to the closed value of 1.0E-4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of New World pink sheet. Still, in general, we apply an absolute valuation method to find New World'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 World where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against New World's related companies.
Open | High | Low | Close | Volume | |
0.0001 | 0.0001 | 0.0001 | 0.0001 | 1.00 | |
11/03/2023 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 1.00 |
0.0001 | 0.0001 | 0.0001 | 0.0001 | 1.00 |
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New World Trading Date Momentum on November 3, 2023
On November 06 2023 New World Gold was traded for 0.0001 at the closing time. The top price for the day was 0.0001 and the lowest listed price was 0.0001 . There was no trading activity during the period 1.0. Lack of trading volume on November 6, 2023 did not cause price change. The trading delta at closing time against the current closing price is 0.00% . |
New World Gold Fundamentals Correlations and Trends
By evaluating New World'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 World'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 World Pink Sheet history
New World 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 World Gold 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 World stock prices may prove useful in developing a viable investing in New World
New World Gold Corporation engages in gold ore exploration business. New World Gold Corporation was incorporated in 1998 and is based in Boca Raton, Florida. New World operates under Gold classification in the United States and is traded on OTC Exchange. It employs 2 people.
New World Pink Sheet Technical Analysis
New World 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 World Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
New World Gold cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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 World November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how New World 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 World shares will generate the highest return on investment. By undertsting and applying New World pink sheet market strength indicators, traders can identify New World Gold entry and exit signals to maximize returns
New World Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for New World'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 | 0.092 | |||
Jensen Alpha | 5.44 | |||
Total Risk Alpha | (3.11) | |||
Treynor Ratio | 4.59 |
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Complementary Tools for New Pink Sheet analysis
When running New World's price analysis, check to measure New World'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 World is operating at the current time. Most of New World's value examination focuses on studying past and present price action to predict the probability of New World'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 World's price. Additionally, you may evaluate how the addition of New World to your portfolios can decrease your overall portfolio volatility.
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