New Stratus Energy Stock Market Value
| NSE Stock | CAD 0.72 0.02 2.86% |
| Symbol | New |
New Stratus Energy Price To Book Ratio
New Stratus '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 Stratus' 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 Stratus.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in New Stratus on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding New Stratus Energy or generate 0.0% return on investment in New Stratus over 390 days. New Stratus is related to or competes with Arrow Exploration, TAG Oil, and Hemisphere Energy. New Stratus Energy Inc. engages in the acquisition, exploration, and development of properties for the production of ura... More
New Stratus 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 Stratus' 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 Stratus Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.45 | |||
| Information Ratio | 0.1028 | |||
| Maximum Drawdown | 36.41 | |||
| Value At Risk | (5.80) | |||
| Potential Upside | 10.77 |
New Stratus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Stratus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Stratus' standard deviation. In reality, there are many statistical measures that can use New Stratus historical prices to predict the future New Stratus' volatility.| Risk Adjusted Performance | 0.1053 | |||
| Jensen Alpha | 0.7499 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.1351 | |||
| Treynor Ratio | (4.47) |
New Stratus Energy Backtested Returns
New Stratus appears to be out of control, given 3 months investment horizon. New Stratus Energy has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. By analyzing New Stratus' technical indicators, you can evaluate if the expected return of 0.86% is justified by implied risk. Please exercise New Stratus' Downside Deviation of 4.45, risk adjusted performance of 0.1053, and Mean Deviation of 3.59 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, New Stratus holds a performance score of 11. The company secures a Beta (Market Risk) of -0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning New Stratus are expected to decrease at a much lower rate. During the bear market, New Stratus is likely to outperform the market. Please check New Stratus' potential upside and the relationship between the skewness and price action indicator , to make a quick decision on whether New Stratus' current price movements will revert.
Auto-correlation | 0.04 |
Virtually no predictability
New Stratus Energy has virtually no predictability. Overlapping area represents the amount of predictability between New Stratus 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 Stratus Energy price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current New Stratus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
New Stratus Energy lagged returns against current returns
Autocorrelation, which is New Stratus 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 Stratus' stock expected returns. We can calculate the autocorrelation of New Stratus returns to help us make a trade decision. For example, suppose you find that New Stratus has exhibited high autocorrelation historically, and you observe that the 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 Stratus 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 Stratus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Stratus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New Stratus stock over time.
Current vs Lagged Prices |
| Timeline |
New Stratus Lagged Returns
When evaluating New Stratus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New Stratus stock have on its future price. New Stratus 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 Stratus autocorrelation shows the relationship between New Stratus stock current value and its past values and can show if there is a momentum factor associated with investing in New Stratus Energy.
Regressed Prices |
| Timeline |
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Additional Tools for New Stock Analysis
When running New Stratus' price analysis, check to measure New Stratus' 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 Stratus is operating at the current time. Most of New Stratus' value examination focuses on studying past and present price action to predict the probability of New Stratus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Stratus' price. Additionally, you may evaluate how the addition of New Stratus to your portfolios can decrease your overall portfolio volatility.