New Generation Consumer Stock Market Value
| NGCG Stock | USD 0.0006 0.0001 14.29% |
| Symbol | New |
New Generation '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 Generation'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 New Generation.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in New Generation on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding New Generation Consumer or generate 0.0% return on investment in New Generation over 480 days. New Generation is related to or competes with Embrace Change. New Generation Consumer Group, Inc., through its subsidiary Monster Marketing Group, Inc., develops, markets, sells, and... More
New Generation 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 Generation'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 New Generation Consumer upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.47 | |||
| Information Ratio | 0.0589 | |||
| Maximum Drawdown | 75.0 | |||
| Value At Risk | (22.22) | |||
| Potential Upside | 28.57 |
New Generation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Generation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Generation's standard deviation. In reality, there are many statistical measures that can use New Generation historical prices to predict the future New Generation's volatility.| Risk Adjusted Performance | 0.0617 | |||
| Jensen Alpha | 1.13 | |||
| Total Risk Alpha | (1.29) | |||
| Sortino Ratio | 0.0434 | |||
| Treynor Ratio | (0.71) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of New Generation'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.
New Generation Consumer Backtested Returns
New Generation appears to be out of control, given 3 months investment horizon. New Generation Consumer has Sharpe Ratio of 0.0513, which conveys that the firm had a 0.0513% return per unit of risk over the last 3 months. By analyzing New Generation's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please exercise New Generation's Downside Deviation of 19.47, risk adjusted performance of 0.0617, and Mean Deviation of 8.88 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, New Generation holds a performance score of 4. The company secures a Beta (Market Risk) of -1.37, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning New Generation are expected to decrease by larger amounts. On the other hand, during market turmoil, New Generation is expected to outperform it. Please check New Generation's value at risk, kurtosis, period momentum indicator, as well as the relationship between the semi variance and day median price , to make a quick decision on whether New Generation's current price movements will revert.
Auto-correlation | -0.25 |
Weak reverse predictability
New Generation Consumer has weak reverse predictability. Overlapping area represents the amount of predictability between New Generation time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 2024 to 24th 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 Generation Consumer price movement. The serial correlation of -0.25 indicates that over 25.0% of current New Generation price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
New Generation Consumer lagged returns against current returns
Autocorrelation, which is New Generation 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 New Generation's pink sheet expected returns. We can calculate the autocorrelation of New Generation returns to help us make a trade decision. For example, suppose you find that New Generation 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 |
New Generation 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 Generation pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Generation pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New Generation pink sheet over time.
Current vs Lagged Prices |
| Timeline |
New Generation Lagged Returns
When evaluating New Generation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New Generation pink sheet have on its future price. New Generation 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 Generation autocorrelation shows the relationship between New Generation pink sheet current value and its past values and can show if there is a momentum factor associated with investing in New Generation Consumer.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in New Pink Sheet
New Generation financial ratios help investors to determine whether New 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 New with respect to the benefits of owning New Generation security.