New HopeLimited (Germany) Market Value
| OD8 Stock | EUR 2.87 0.07 2.50% |
| Symbol | New |
New HopeLimited '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 HopeLimited'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 New HopeLimited.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in New HopeLimited on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding New Hope or generate 0.0% return on investment in New HopeLimited over 30 days. New HopeLimited is related to or competes with China Shenhua, PT Bayan, Yanzhou Coal, Yanzhou Coal, PT Adaro, Yancoal Australia, and Whitehaven Coal. New Hope Corporation Limited explores, develops, produces, and processes coal, and oil and gas properties More
New HopeLimited 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 HopeLimited'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 New Hope upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | 0.0357 | |||
| Maximum Drawdown | 14.96 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 4.55 |
New HopeLimited Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New HopeLimited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New HopeLimited's standard deviation. In reality, there are many statistical measures that can use New HopeLimited historical prices to predict the future New HopeLimited's volatility.| Risk Adjusted Performance | 0.0747 | |||
| Jensen Alpha | 0.2421 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0362 | |||
| Treynor Ratio | (1.31) |
New HopeLimited Backtested Returns
New HopeLimited appears to be unstable, given 3 months investment horizon. New HopeLimited has Sharpe Ratio of 0.1, which conveys that the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for New HopeLimited, which you can use to evaluate the volatility of the firm. Please exercise New HopeLimited's Downside Deviation of 2.57, mean deviation of 1.96, and Risk Adjusted Performance of 0.0747 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, New HopeLimited holds a performance score of 7. The company secures a Beta (Market Risk) of -0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning New HopeLimited are expected to decrease at a much lower rate. During the bear market, New HopeLimited is likely to outperform the market. Please check New HopeLimited's potential upside, semi variance, and the relationship between the value at risk and downside variance , to make a quick decision on whether New HopeLimited's current price movements will revert.
Auto-correlation | 0.54 |
Modest predictability
New Hope has modest predictability. Overlapping area represents the amount of predictability between New HopeLimited time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 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 New HopeLimited price movement. The serial correlation of 0.54 indicates that about 54.0% of current New HopeLimited price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
New HopeLimited lagged returns against current returns
Autocorrelation, which is New HopeLimited 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 HopeLimited's stock expected returns. We can calculate the autocorrelation of New HopeLimited returns to help us make a trade decision. For example, suppose you find that New HopeLimited 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 HopeLimited 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 HopeLimited stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New HopeLimited stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New HopeLimited stock over time.
Current vs Lagged Prices |
| Timeline |
New HopeLimited Lagged Returns
When evaluating New HopeLimited's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New HopeLimited stock have on its future price. New HopeLimited 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 HopeLimited autocorrelation shows the relationship between New HopeLimited stock current value and its past values and can show if there is a momentum factor associated with investing in New Hope.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in New Stock
New HopeLimited financial ratios help investors to determine whether New Stock 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 HopeLimited security.