Newport Exploration Stock Market Value
| NWX Stock | CAD 0.07 0.01 6.25% |
| Symbol | Newport |
Newport Exploration Price To Book Ratio
Newport Exploration '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 Exploration's 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 Newport Exploration.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Newport Exploration on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Newport Exploration or generate 0.0% return on investment in Newport Exploration over 60 days. Newport Exploration is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Newport Exploration Ltd., an exploration stage company, engages in the acquisition and exploration of resource propertie... More
Newport Exploration 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 Exploration's 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 Newport Exploration upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 26.79 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 8.33 |
Newport Exploration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Newport Exploration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Newport Exploration's standard deviation. In reality, there are many statistical measures that can use Newport Exploration historical prices to predict the future Newport Exploration's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.83) | |||
| Total Risk Alpha | (1.57) | |||
| Treynor Ratio | (0.56) |
Newport Exploration Backtested Returns
Newport Exploration has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of risk over the last 3 months. Newport Exploration exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Newport Exploration's Risk Adjusted Performance of (0.08), mean deviation of 3.46, and Standard Deviation of 5.63 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.22, 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 Exploration will likely underperform. At this point, Newport Exploration has a negative expected return of -0.72%. Please make sure to verify Newport Exploration'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 Newport Exploration performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.43 |
Average predictability
Newport Exploration has average predictability. Overlapping area represents the amount of predictability between Newport Exploration time series from 28th of September 2024 to 28th of October 2024 and 28th 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 Newport Exploration price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Newport Exploration price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Newport Exploration lagged returns against current returns
Autocorrelation, which is Newport Exploration 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 Newport Exploration's stock expected returns. We can calculate the autocorrelation of Newport Exploration returns to help us make a trade decision. For example, suppose you find that Newport Exploration 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 |
Newport Exploration 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 Exploration stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Newport Exploration stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Newport Exploration stock over time.
Current vs Lagged Prices |
| Timeline |
Newport Exploration Lagged Returns
When evaluating Newport Exploration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Newport Exploration stock have on its future price. Newport Exploration 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 Exploration autocorrelation shows the relationship between Newport Exploration stock current value and its past values and can show if there is a momentum factor associated with investing in Newport Exploration.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Newport Stock Analysis
When running Newport Exploration's price analysis, check to measure Newport Exploration'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 Newport Exploration is operating at the current time. Most of Newport Exploration's value examination focuses on studying past and present price action to predict the probability of Newport Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newport Exploration's price. Additionally, you may evaluate how the addition of Newport Exploration to your portfolios can decrease your overall portfolio volatility.