New World Gold Stock Market Value
| NWGC Stock | USD 0.0001 0.00 0.00% |
| Symbol | New |
New World '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 World'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 World.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in New World on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding New World Gold or generate 0.0% return on investment in New World over 90 days. New World is related to or competes with Lavras Gold. New World Gold Corporation engages in gold ore exploration business More
New World 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 World'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 World Gold upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1076 | |||
| Maximum Drawdown | 480.0 |
New World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New World's standard deviation. In reality, there are many statistical measures that can use New World historical prices to predict the future New World's volatility.| Risk Adjusted Performance | 0.094 | |||
| Jensen Alpha | 5.59 | |||
| Total Risk Alpha | (2.55) | |||
| Treynor Ratio | 2.57 |
New World Gold Backtested Returns
New World is out of control given 3 months investment horizon. New World Gold has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We were able to analyze and collect data for seventeen different technical indicators, which can help you to evaluate if expected returns of 5.87% are justified by taking the suggested risk. Use New World Gold Standard Deviation of 53.39, risk adjusted performance of 0.094, and Mean Deviation of 15.5 to evaluate company specific risk that cannot be diversified away. New World holds a performance score of 8 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 2.28, 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 World will likely underperform. Use New World Gold standard deviation and the relationship between the jensen alpha and day typical price , to analyze future returns on New World Gold.
Auto-correlation | 0.00 |
No correlation between past and present
New World Gold has no correlation between past and present. Overlapping area represents the amount of predictability between New World time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 World Gold price movement. The serial correlation of 0.0 indicates that just 0.0% of current New World price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
New World Gold lagged returns against current returns
Autocorrelation, which is New World 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 World's pink sheet expected returns. We can calculate the autocorrelation of New World returns to help us make a trade decision. For example, suppose you find that New World 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 World 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 World pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New World 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 World pink sheet over time.
Current vs Lagged Prices |
| Timeline |
New World Lagged Returns
When evaluating New World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New World pink sheet have on its future price. New World 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 World autocorrelation shows the relationship between New World pink sheet current value and its past values and can show if there is a momentum factor associated with investing in New World Gold.
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.Other Information on Investing in New Pink Sheet
New World financial ratios help investors to determine whether New Pink Sheet 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 World security.