New Energy Metals Stock Market Value
| NRGYF Stock | 0.31 0.00 0.00% |
| Symbol | New |
New Energy '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 Energy'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 Energy.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in New Energy on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding New Energy Metals or generate 0.0% return on investment in New Energy over 390 days.
New Energy 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 Energy'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 Energy Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1344 | |||
| Maximum Drawdown | 198.88 |
New Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Energy's standard deviation. In reality, there are many statistical measures that can use New Energy historical prices to predict the future New Energy's volatility.| Risk Adjusted Performance | 0.1167 | |||
| Jensen Alpha | 2.96 | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | 0.9058 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of New Energy'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 Energy Metals Backtested Returns
New Energy Metals 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. We have analyzed and interpolated seventeen different technical indicators, which can help you to evaluate if expected returns of 3.62% are justified by taking the suggested risk. Use New Energy Metals Mean Deviation of 6.7, risk adjusted performance of 0.1167, and Standard Deviation of 24.69 to evaluate company specific risk that cannot be diversified away. New Energy holds a performance score of 11 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 3.8, 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 Energy will likely underperform. Use New Energy Metals market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and rate of daily change , to analyze future returns on New Energy Metals.
Auto-correlation | -0.69 |
Very good reverse predictability
New Energy Metals has very good reverse predictability. Overlapping area represents the amount of predictability between New Energy time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th 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 Energy Metals price movement. The serial correlation of -0.69 indicates that around 69.0% of current New Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
New Energy Metals lagged returns against current returns
Autocorrelation, which is New Energy 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 Energy's otc stock expected returns. We can calculate the autocorrelation of New Energy returns to help us make a trade decision. For example, suppose you find that New Energy 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 Energy 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 Energy otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Energy 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 Energy otc stock over time.
Current vs Lagged Prices |
| Timeline |
New Energy Lagged Returns
When evaluating New Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New Energy otc stock have on its future price. New Energy 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 Energy autocorrelation shows the relationship between New Energy otc stock current value and its past values and can show if there is a momentum factor associated with investing in New Energy Metals.
Regressed Prices |
| Timeline |