New Age Metals Stock Market Value
| NMTLF Stock | USD 0.06 0 6.39% |
| Symbol | New |
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 otc 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.
| 11/25/2024 |
| 01/24/2025 |
If you would invest 0.00 in New Age on November 25, 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 60 days. New Age is related to or competes with Nickel Creek. New Age Metals Inc., a mineral exploration company, engages in the acquisition, exploration, and development of platinum... 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 otc 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 | 55.17 | |||
| Value At Risk | (14.09) | |||
| Potential Upside | 20.12 |
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 | (0.01) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | 0.6947 |
New Age Metals Backtested Returns
New Age Metals has Sharpe Ratio of -0.0322, which conveys that the firm had a -0.0322 % return per unit of risk over the last 3 months. New Age exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify New Age's Standard Deviation of 10.25, risk adjusted performance of (0.01), and Mean Deviation of 6.96 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.3, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning New Age are expected to decrease at a much lower rate. During the bear market, New Age is likely to outperform the market. At this point, New Age Metals has a negative expected return of -0.32%. Please make sure to verify New Age's value at risk, accumulation distribution, as well as the relationship between the Accumulation Distribution and day typical price , to decide if New Age Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.02 |
Virtually no predictability
New Age Metals has virtually no predictability. Overlapping area represents the amount of predictability between New Age time series from 25th of November 2024 to 25th of December 2024 and 25th of December 2024 to 24th of January 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 Age Metals price movement. The serial correlation of 0.02 indicates that only 2.0% of current New Age price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
New Age Metals lagged returns against current returns
Autocorrelation, which is New Age otc 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 otc 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 otc 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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Age otc 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 otc 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 otc 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 otc 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in New OTC Stock
New Age financial ratios help investors to determine whether New OTC Stock 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 Age security.