New Age Metals Stock Market Value
| NAM Stock | CAD 0.09 0.01 5.56% |
| Symbol | New |
New Age Metals Price To Book Ratio
New Age '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 Age'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 Age.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in New Age on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding New Age Metals or generate 0.0% return on investment in New Age over 180 days. New Age is related to or competes with Stillwater Critical. New Age Metals Inc., a mineral exploration company, acquires, explores for, and develops platinum group metals , and pre... More
New Age 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 Age'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 Age Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 68.57 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 12.5 |
New Age Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Age's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Age's standard deviation. In reality, there are many statistical measures that can use New Age historical prices to predict the future New Age's volatility.| Risk Adjusted Performance | 0.0046 | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (1.47) | |||
| Treynor Ratio | (0.21) |
New Age Metals Backtested Returns
New Age appears to be out of control, given 3 months investment horizon. New Age Metals has Sharpe Ratio of 0.0632, which conveys that the firm had a 0.0632% return per unit of risk over the last 3 months. By analyzing New Age's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please exercise New Age's Standard Deviation of 8.93, risk adjusted performance of 0.0046, and Mean Deviation of 4.62 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, New Age holds a performance score of 4. The company secures a Beta (Market Risk) of 0.3, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, New Age's returns are expected to increase less than the market. However, during the bear market, the loss of holding New Age is expected to be smaller as well. Please check New Age's value at risk, accumulation distribution, as well as the relationship between the Accumulation Distribution and day typical price , to make a quick decision on whether New Age's current price movements will revert.
Auto-correlation | -0.35 |
Poor reverse predictability
New Age Metals has poor reverse predictability. Overlapping area represents the amount of predictability between New Age time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th of November 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 Age Metals price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current New Age price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
New Age Metals lagged returns against current returns
Autocorrelation, which is New Age 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 Age's stock expected returns. We can calculate the autocorrelation of New Age returns to help us make a trade decision. For example, suppose you find that New Age 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 Age 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 Age stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Age stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New Age stock over time.
Current vs Lagged Prices |
| Timeline |
New Age Lagged Returns
When evaluating New Age's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New Age stock have on its future price. New Age 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 Age autocorrelation shows the relationship between New Age stock current value and its past values and can show if there is a momentum factor associated with investing in New Age Metals.
Regressed Prices |
| Timeline |
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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.