Newport Gold Stock Market Value
| NWPG Stock | USD 0 0 145.45% |
| Symbol | Newport |
Newport Gold '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 Newport Gold'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 Newport Gold.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Newport Gold on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Newport Gold or generate 0.0% return on investment in Newport Gold over 30 days. Newport Gold is related to or competes with Callinex Mines, NioCorp Developments, Lithium Americas, Sigma Lithium, Standard Lithium, and MP Materials. Newport Gold, Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral an... More
Newport Gold 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 Newport Gold'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 Newport Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 30.66 | |||
| Information Ratio | 0.1207 | |||
| Maximum Drawdown | 231.82 | |||
| Value At Risk | (31.25) | |||
| Potential Upside | 40.0 |
Newport Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Newport Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Newport Gold's standard deviation. In reality, there are many statistical measures that can use Newport Gold historical prices to predict the future Newport Gold's volatility.| Risk Adjusted Performance | 0.1054 | |||
| Jensen Alpha | 3.52 | |||
| Total Risk Alpha | (1.32) | |||
| Sortino Ratio | 0.1236 | |||
| Treynor Ratio | 1.26 |
Newport Gold Backtested Returns
Newport Gold is out of control given 3 months investment horizon. Newport Gold has Sharpe Ratio of 0.0568, which conveys that the firm had a 0.0568% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.34% are justified by taking the suggested risk. Use Newport Gold Mean Deviation of 13.59, downside deviation of 30.66, and Risk Adjusted Performance of 0.1054 to evaluate company specific risk that cannot be diversified away. Newport Gold holds a performance score of 4 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 3.1, 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, Newport Gold will likely underperform. Use Newport Gold downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to analyze future returns on Newport Gold.
Auto-correlation | -0.48 |
Modest reverse predictability
Newport Gold has modest reverse predictability. Overlapping area represents the amount of predictability between Newport Gold time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Newport Gold price movement. The serial correlation of -0.48 indicates that about 48.0% of current Newport Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Newport Gold lagged returns against current returns
Autocorrelation, which is Newport Gold 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 Newport Gold's pink sheet expected returns. We can calculate the autocorrelation of Newport Gold returns to help us make a trade decision. For example, suppose you find that Newport Gold 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 |
Newport Gold 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 Newport Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Newport Gold pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Newport Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Newport Gold Lagged Returns
When evaluating Newport Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Newport Gold pink sheet have on its future price. Newport Gold 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, Newport Gold autocorrelation shows the relationship between Newport Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Newport Gold.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Newport Pink Sheet
Newport Gold financial ratios help investors to determine whether Newport 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 Newport with respect to the benefits of owning Newport Gold security.