New Fortress Energy Stock Market Value
| NFE Stock | USD 12.15 0.32 2.70% |
| Symbol | New |
New Fortress Energy Price To Book Ratio
Is Oil & Gas Refining & Marketing space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of New Fortress. If investors know New will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about New Fortress listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.90) | Dividend Share 0.4 | Earnings Share 0.91 | Revenue Per Share | Quarterly Revenue Growth 0.103 |
The market value of New Fortress Energy is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New Fortress' value that differs from its market value or its book value, called intrinsic value, which is New Fortress' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because New Fortress' market value can be influenced by many factors that don't directly affect New Fortress' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between New Fortress' value and its price as these two are different measures arrived at by different means. Investors typically determine if New Fortress is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Fortress' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
New Fortress '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 Fortress' 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 Fortress.
| 01/17/2025 |
| 02/16/2025 |
If you would invest 0.00 in New Fortress on January 17, 2025 and sell it all today you would earn a total of 0.00 from holding New Fortress Energy or generate 0.0% return on investment in New Fortress over 30 days. New Fortress is related to or competes with FLEX LNG, Coterra Energy, Golar LNG, Excelerate Energy, and EQT. New Fortress Energy Inc. operates as an integrated gas-to-power infrastructure company that provides energy and developm... More
New Fortress 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 Fortress' 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 Fortress Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.97 | |||
| Information Ratio | 0.1167 | |||
| Maximum Drawdown | 30.98 | |||
| Value At Risk | (6.12) | |||
| Potential Upside | 7.58 |
New Fortress Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Fortress' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Fortress' standard deviation. In reality, there are many statistical measures that can use New Fortress historical prices to predict the future New Fortress' volatility.| Risk Adjusted Performance | 0.0929 | |||
| Jensen Alpha | 0.5395 | |||
| Total Risk Alpha | 0.5327 | |||
| Sortino Ratio | 0.1358 | |||
| Treynor Ratio | 1.3 |
New Fortress Energy Backtested Returns
New Fortress appears to be somewhat reliable, given 3 months investment horizon. New Fortress Energy 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. By analyzing New Fortress' technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please exercise New Fortress' Mean Deviation of 3.33, downside deviation of 3.97, and Risk Adjusted Performance of 0.0929 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, New Fortress holds a performance score of 10. The company secures a Beta (Market Risk) of 0.42, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, New Fortress' returns are expected to increase less than the market. However, during the bear market, the loss of holding New Fortress is expected to be smaller as well. Please check New Fortress' kurtosis, market facilitation index, and the relationship between the semi variance and rate of daily change , to make a quick decision on whether New Fortress' current price movements will revert.
Auto-correlation | 0.66 |
Good predictability
New Fortress Energy has good predictability. Overlapping area represents the amount of predictability between New Fortress time series from 17th of January 2025 to 1st of February 2025 and 1st of February 2025 to 16th of February 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 New Fortress Energy price movement. The serial correlation of 0.66 indicates that around 66.0% of current New Fortress price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.99 |
New Fortress Energy lagged returns against current returns
Autocorrelation, which is New Fortress 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 Fortress' stock expected returns. We can calculate the autocorrelation of New Fortress returns to help us make a trade decision. For example, suppose you find that New Fortress 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 Fortress 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 Fortress stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Fortress stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New Fortress stock over time.
Current vs Lagged Prices |
| Timeline |
New Fortress Lagged Returns
When evaluating New Fortress' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New Fortress stock have on its future price. New Fortress 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 Fortress autocorrelation shows the relationship between New Fortress stock current value and its past values and can show if there is a momentum factor associated with investing in New Fortress Energy.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether New Fortress Energy is a strong investment it is important to analyze New Fortress' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact New Fortress' future performance. For an informed investment choice regarding New Stock, refer to the following important reports:Check out New Fortress Correlation, New Fortress Volatility and New Fortress Alpha and Beta module to complement your research on New Fortress. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
New Fortress 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.