New Momentum Stock Market Value
| NNAX Stock | USD 0.0005 0.0001 25.00% |
| Symbol | New |
New Momentum '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 Momentum'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 Momentum.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in New Momentum on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding New Momentum or generate 0.0% return on investment in New Momentum over 690 days. New Momentum is related to or competes with SosTravel SPA, Transat AT, Airbnb, MakeMyTrip, Tuniu Corp, Mondee Holdings, and Travel Leisure. New Momentum Corporation develops and operates an online ticketing platform under the Gagfare.com name More
New Momentum 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 Momentum'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 Momentum upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 53.57 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 20.0 |
New Momentum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Momentum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Momentum's standard deviation. In reality, there are many statistical measures that can use New Momentum historical prices to predict the future New Momentum's volatility.| Risk Adjusted Performance | 0.0071 | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (1.86) | |||
| Treynor Ratio | (0.02) |
New Momentum Backtested Returns
New Momentum has Sharpe Ratio of -0.0389, which conveys that the firm had a -0.0389% return per unit of risk over the last 3 months. New Momentum exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify New Momentum's Risk Adjusted Performance of 0.0071, standard deviation of 11.7, and Mean Deviation of 7.68 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 2.27, 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 Momentum will likely underperform. At this point, New Momentum has a negative expected return of -0.44%. Please make sure to verify New Momentum's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if New Momentum performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.18 |
Insignificant reverse predictability
New Momentum has insignificant reverse predictability. Overlapping area represents the amount of predictability between New Momentum time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th 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 Momentum price movement. The serial correlation of -0.18 indicates that over 18.0% of current New Momentum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
New Momentum lagged returns against current returns
Autocorrelation, which is New Momentum 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 Momentum's pink sheet expected returns. We can calculate the autocorrelation of New Momentum returns to help us make a trade decision. For example, suppose you find that New Momentum 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 Momentum 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 Momentum pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Momentum 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 Momentum pink sheet over time.
Current vs Lagged Prices |
| Timeline |
New Momentum Lagged Returns
When evaluating New Momentum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New Momentum pink sheet have on its future price. New Momentum 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 Momentum autocorrelation shows the relationship between New Momentum pink sheet current value and its past values and can show if there is a momentum factor associated with investing in New Momentum.
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.Additional Tools for New Pink Sheet Analysis
When running New Momentum's price analysis, check to measure New Momentum's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New Momentum is operating at the current time. Most of New Momentum's value examination focuses on studying past and present price action to predict the probability of New Momentum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Momentum's price. Additionally, you may evaluate how the addition of New Momentum to your portfolios can decrease your overall portfolio volatility.