This new-age stock is up 125 percent in 8 months nears IPO price after over 3 yrs - Business Standard
| NAM Stock | CAD 0.08 0.01 11.11% |
Slightly above 62% of New Age's investor base is looking to short. The current sentiment regarding investing in New Age Metals stock implies that many traders are alarmed. New Age's investing sentiment can be driven by a variety of factors including economic data, New Age's earnings reports, geopolitical events, and overall market trends.
New Age stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of New daily returns and investor perception about the current price of New Age Metals as well as its diversification or hedging effects on your existing portfolios.
New |
This new-age stock is up 125 percent in 8 months nears IPO price after over 3 yrs Business Standard
Read at news.google.com
 |
New Age Fundamental Analysis
We analyze New Age's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of New Age using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of New Age based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
New Age is currently under evaluation in probability of bankruptcy category among its peers. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
New Age Metals Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with New Age stock to make a market-neutral strategy. Peer analysis of New Age could also be used in its relative valuation, which is a method of valuing New Age by comparing valuation metrics with similar companies.
Peers
New Age Related Equities
| BRY | Bri Chem | 12.12 | ||||
| MDI | Major Drilling | 0.11 | ||||
| GEO | Geodrill | 1.60 | ||||
| FAR | Foraco International | 2.99 |
Additional Tools for New Stock Analysis
When running New Age's price analysis, check to measure New Age'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 Age is operating at the current time. Most of New Age's value examination focuses on studying past and present price action to predict the probability of New Age'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 Age's price. Additionally, you may evaluate how the addition of New Age to your portfolios can decrease your overall portfolio volatility.