Newhydrogen Stock Market Value
| NEWH Stock | USD 0 0.0001 2.86% |
| Symbol | Newhydrogen |
Newhydrogen '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 Newhydrogen'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 Newhydrogen.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Newhydrogen on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Newhydrogen or generate 0.0% return on investment in Newhydrogen over 30 days. Newhydrogen is related to or competes with First Solar, Enphase Energy, and Array Technologies. NewHydrogen, Inc. engages in developing clean energy technologies More
Newhydrogen 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 Newhydrogen'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 Newhydrogen upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 37.66 | |||
| Value At Risk | (10.42) | |||
| Potential Upside | 13.95 |
Newhydrogen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Newhydrogen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Newhydrogen's standard deviation. In reality, there are many statistical measures that can use Newhydrogen historical prices to predict the future Newhydrogen's volatility.| Risk Adjusted Performance | 0.0022 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (1.39) | |||
| Treynor Ratio | 2.77 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Newhydrogen'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.
Newhydrogen Backtested Returns
Newhydrogen has Sharpe Ratio of -0.0115, which conveys that the firm had a -0.0115% return per unit of risk over the last 3 months. Newhydrogen exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Newhydrogen's Mean Deviation of 5.61, standard deviation of 8.38, and Risk Adjusted Performance of 0.0022 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.031, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Newhydrogen are expected to decrease at a much lower rate. During the bear market, Newhydrogen is likely to outperform the market. At this point, Newhydrogen has a negative expected return of -0.0966%. Please make sure to verify Newhydrogen's maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Newhydrogen performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.68 |
Very good reverse predictability
Newhydrogen has very good reverse predictability. Overlapping area represents the amount of predictability between Newhydrogen time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Newhydrogen price movement. The serial correlation of -0.68 indicates that around 68.0% of current Newhydrogen price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Newhydrogen lagged returns against current returns
Autocorrelation, which is Newhydrogen 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 Newhydrogen's pink sheet expected returns. We can calculate the autocorrelation of Newhydrogen returns to help us make a trade decision. For example, suppose you find that Newhydrogen 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 |
Newhydrogen 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 Newhydrogen pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Newhydrogen pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Newhydrogen pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Newhydrogen Lagged Returns
When evaluating Newhydrogen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Newhydrogen pink sheet have on its future price. Newhydrogen 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, Newhydrogen autocorrelation shows the relationship between Newhydrogen pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Newhydrogen.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Newhydrogen Pink Sheet
Newhydrogen financial ratios help investors to determine whether Newhydrogen 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 Newhydrogen with respect to the benefits of owning Newhydrogen security.