Newfoundland Discovery Corp Stock Market Value
| NEWDF Stock | USD 0.14 0.03 27.27% |
| Symbol | Newfoundland |
Newfoundland Discovery '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 Newfoundland Discovery's pink sheet 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 Newfoundland Discovery.
| 01/02/2025 |
| 12/28/2025 |
If you would invest 0.00 in Newfoundland Discovery on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Newfoundland Discovery Corp or generate 0.0% return on investment in Newfoundland Discovery over 360 days. Newfoundland Discovery is related to or competes with Nulegacy Gold. Newfoundland Discovery Corp., a junior exploration company, engages in the evaluation, exploration, and development of m... More
Newfoundland Discovery 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 Newfoundland Discovery's pink sheet 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 Newfoundland Discovery Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.05 | |||
| Information Ratio | 0.1145 | |||
| Maximum Drawdown | 66.67 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 18.18 |
Newfoundland Discovery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Newfoundland Discovery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Newfoundland Discovery's standard deviation. In reality, there are many statistical measures that can use Newfoundland Discovery historical prices to predict the future Newfoundland Discovery's volatility.| Risk Adjusted Performance | 0.0949 | |||
| Jensen Alpha | 1.32 | |||
| Total Risk Alpha | 0.1591 | |||
| Sortino Ratio | 0.1459 | |||
| Treynor Ratio | 1.33 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Newfoundland Discovery's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Newfoundland Discovery Backtested Returns
Newfoundland Discovery is out of control given 3 months investment horizon. Newfoundland Discovery has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14 % return per unit of risk over the last 3 months. We were able to break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.69% are justified by taking the suggested risk. Use Newfoundland Discovery Mean Deviation of 6.94, downside deviation of 9.05, and Risk Adjusted Performance of 0.0949 to evaluate company specific risk that cannot be diversified away. Newfoundland Discovery holds a performance score of 10 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 1.05, which conveys a somewhat significant risk relative to the market. Newfoundland Discovery returns are very sensitive to returns on the market. As the market goes up or down, Newfoundland Discovery is expected to follow. Use Newfoundland Discovery potential upside and the relationship between the skewness and price action indicator , to analyze future returns on Newfoundland Discovery.
Auto-correlation | 0.42 |
Average predictability
Newfoundland Discovery Corp has average predictability. Overlapping area represents the amount of predictability between Newfoundland Discovery time series from 2nd of January 2025 to 1st of July 2025 and 1st of July 2025 to 28th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Newfoundland Discovery price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Newfoundland Discovery price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Newfoundland Discovery lagged returns against current returns
Autocorrelation, which is Newfoundland Discovery pink sheet'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 Newfoundland Discovery's pink sheet expected returns. We can calculate the autocorrelation of Newfoundland Discovery returns to help us make a trade decision. For example, suppose you find that Newfoundland Discovery has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Newfoundland Discovery 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 Newfoundland Discovery pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Newfoundland Discovery pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Newfoundland Discovery pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Newfoundland Discovery Lagged Returns
When evaluating Newfoundland Discovery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Newfoundland Discovery pink sheet have on its future price. Newfoundland Discovery 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, Newfoundland Discovery autocorrelation shows the relationship between Newfoundland Discovery pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Newfoundland Discovery Corp.
Regressed Prices |
| Timeline |
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Other Information on Investing in Newfoundland Pink Sheet
Newfoundland Discovery financial ratios help investors to determine whether Newfoundland Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Newfoundland with respect to the benefits of owning Newfoundland Discovery security.