NEW PACIFIC (Germany) Market Value
| 3N7A Stock | EUR 1.41 0.03 2.17% |
| Symbol | NEW |
NEW PACIFIC 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to NEW PACIFIC's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of NEW PACIFIC.
| 12/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in NEW PACIFIC on December 19, 2023 and sell it all today you would earn a total of 0.00 from holding NEW PACIFIC METALS or generate 0.0% return on investment in NEW PACIFIC over 360 days. NEW PACIFIC is related to or competes with Superior Plus, SIVERS SEMICONDUCTORS, Norsk Hydro, Reliance Steel, RYOHIN UNSPADR1, and Vanguard Funds. New Pacific Metals Corp., together with its subsidiaries, engages in the exploration and development of mineral properti... More
NEW PACIFIC Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure NEW PACIFIC's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess NEW PACIFIC METALS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.18 | |||
| Information Ratio | 0.0731 | |||
| Maximum Drawdown | 19.17 | |||
| Value At Risk | (4.73) | |||
| Potential Upside | 7.93 |
NEW PACIFIC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEW PACIFIC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEW PACIFIC's standard deviation. In reality, there are many statistical measures that can use NEW PACIFIC historical prices to predict the future NEW PACIFIC's volatility.| Risk Adjusted Performance | 0.0822 | |||
| Jensen Alpha | 0.2715 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.089 | |||
| Treynor Ratio | 0.3459 |
NEW PACIFIC METALS Backtested Returns
NEW PACIFIC appears to be dangerous, given 3 months investment horizon. NEW PACIFIC METALS has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for NEW PACIFIC, which you can use to evaluate the volatility of the firm. Please exercise NEW PACIFIC's Risk Adjusted Performance of 0.0822, market risk adjusted performance of 0.3559, and Mean Deviation of 2.99 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NEW PACIFIC holds a performance score of 8. The company secures a Beta (Market Risk) of 1.11, which conveys a somewhat significant risk relative to the market. NEW PACIFIC returns are very sensitive to returns on the market. As the market goes up or down, NEW PACIFIC is expected to follow. Please check NEW PACIFIC's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether NEW PACIFIC's current price movements will revert.
Auto-correlation | 0.70 |
Good predictability
NEW PACIFIC METALS has good predictability. Overlapping area represents the amount of predictability between NEW PACIFIC time series from 19th of December 2023 to 16th of June 2024 and 16th of June 2024 to 13th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NEW PACIFIC METALS price movement. The serial correlation of 0.7 indicates that around 70.0% of current NEW PACIFIC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
NEW PACIFIC METALS lagged returns against current returns
Autocorrelation, which is NEW PACIFIC stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting NEW PACIFIC's stock expected returns. We can calculate the autocorrelation of NEW PACIFIC returns to help us make a trade decision. For example, suppose you find that NEW PACIFIC has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
NEW PACIFIC regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If NEW PACIFIC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEW PACIFIC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NEW PACIFIC stock over time.
Current vs Lagged Prices |
| Timeline |
NEW PACIFIC Lagged Returns
When evaluating NEW PACIFIC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEW PACIFIC stock have on its future price. NEW PACIFIC autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, NEW PACIFIC autocorrelation shows the relationship between NEW PACIFIC stock current value and its past values and can show if there is a momentum factor associated with investing in NEW PACIFIC METALS.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in NEW Stock
When determining whether NEW PACIFIC METALS is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if NEW Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about New Pacific Metals Stock. Highlighted below are key reports to facilitate an investment decision about New Pacific Metals Stock:Check out NEW PACIFIC Correlation, NEW PACIFIC Volatility and NEW PACIFIC Alpha and Beta module to complement your research on NEW PACIFIC. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
NEW PACIFIC 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.