Newport Exploration Stock Market Value
| NWXPF Stock | USD 0.06 0 1.97% |
| Symbol | Newport |
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 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 Exploration.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Newport Exploration on June 5, 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 180 days. Newport Exploration is related to or competes with Traction Uranium, and Silver Elephant. Newport Exploration Ltd., a natural resource company, engages in the acquisition and exploration of resource properties 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 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 Exploration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 26.21 | |||
| Information Ratio | 0.0434 | |||
| Maximum Drawdown | 144.8 | |||
| Value At Risk | (31.43) | |||
| Potential Upside | 46.6 |
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 | 0.0481 | |||
| Jensen Alpha | 0.7794 | |||
| Total Risk Alpha | (2.28) | |||
| Sortino Ratio | 0.0323 | |||
| Treynor Ratio | 0.6387 |
Newport Exploration Backtested Returns
Newport Exploration appears to be out of control, given 3 months investment horizon. Newport Exploration has Sharpe Ratio of 0.043, which conveys that the firm had a 0.043% return per unit of risk over the last 3 months. By analyzing Newport Exploration's technical indicators, you can evaluate if the expected return of 0.85% is justified by implied risk. Please exercise Newport Exploration's Downside Deviation of 26.21, risk adjusted performance of 0.0481, and Mean Deviation of 8.64 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Newport Exploration holds a performance score of 3. The company secures a Beta (Market Risk) of 1.52, 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. Please check Newport Exploration's downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to make a quick decision on whether Newport Exploration's current price movements will revert.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Newport Exploration has insignificant reverse predictability. Overlapping area represents the amount of predictability between Newport Exploration time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 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 -0.13 indicates that less than 13.0% of current Newport Exploration price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Newport Exploration lagged returns against current returns
Autocorrelation, which is Newport Exploration 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 Exploration's pink sheet 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 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 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Newport Exploration 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 Exploration pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Newport Exploration.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Newport Pink Sheet
Newport Exploration 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 Exploration security.