New Age Metals Stock Market Value
| NMTLF Stock | USD 0.07 0 2.13% |
| 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.
| 12/01/2023 |
| 11/25/2024 |
If you would invest 0.00 in New Age on December 1, 2023 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 360 days. New Age is related to or competes with Group Ten, Generation Mining, and 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.
| Downside Deviation | 22.8 | |||
| Information Ratio | 0.1138 | |||
| Maximum Drawdown | 253.38 | |||
| Value At Risk | (30.92) | |||
| Potential Upside | 33.33 |
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 | 0.0998 | |||
| Jensen Alpha | 3.6 | |||
| Total Risk Alpha | (1.51) | |||
| Sortino Ratio | 0.1864 | |||
| Treynor Ratio | 0.6831 |
New Age Metals Backtested Returns
New Age is out of control given 3 months investment horizon. New Age Metals has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We were able to break down and interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 4.55% are justified by taking the suggested risk. Use New Age Metals Mean Deviation of 18.51, downside deviation of 22.8, and Risk Adjusted Performance of 0.0998 to evaluate company specific risk that cannot be diversified away. New Age holds a performance score of 9 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 6.4, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, New Age will likely underperform. Use New Age Metals potential upside and the relationship between the skewness and relative strength index , to analyze future returns on New Age Metals.
Auto-correlation | -0.14 |
Insignificant reverse predictability
New Age Metals has insignificant reverse predictability. Overlapping area represents the amount of predictability between New Age time series from 1st of December 2023 to 29th of May 2024 and 29th of May 2024 to 25th 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 Age Metals price movement. The serial correlation of -0.14 indicates that less than 14.0% of current New Age price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.22 | |
| 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.