New Age Metals Stock Performance
| NMTLF Stock | USD 0.07 0 2.13% |
New Age holds a performance score of 9 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 6.4, 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 Age will likely underperform. Use New Age Metals potential upside and the relationship between the skewness and relative strength index , to analyze future returns on New Age Metals.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in New Age Metals are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile essential indicators, New Age reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 8.6 M | |
| Total Cashflows From Investing Activities | -4 M |
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New Age Relative Risk vs. Return Landscape
If you would invest 7.42 in New Age Metals on August 27, 2024 and sell it today you would lose (0.52) from holding New Age Metals or give up 7.01% of portfolio value over 90 days. New Age Metals is currently producing 4.5479% returns and takes up 37.2624% volatility of returns over 90 trading days. Put another way, most equities are less risky on the basis of their return distribution than New, and majority of traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
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New Age Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Age's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as New Age Metals, and traders can use it to determine the average amount a New Age's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1221
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Estimated Market Risk
| 37.26 actual daily | 96 96% of assets are less volatile |
Expected Return
| 4.55 actual daily | 90 90% of assets have lower returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average New Age is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of New Age by adding it to a well-diversified portfolio.
New Age Fundamentals Growth
New OTC Stock prices reflect investors' perceptions of the future prospects and financial health of New Age, and New Age fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on New OTC Stock performance.
| Return On Equity | -0.0642 | |||
| Return On Asset | -0.0499 | |||
| Current Valuation | 5.66 M | |||
| Shares Outstanding | 222.14 M | |||
| Price To Book | 1.07 X | |||
| EBITDA | (1.14 M) | |||
| Cash And Equivalents | 6.9 M | |||
| Cash Per Share | 0.03 X | |||
| Total Debt | 164.87 K | |||
| Debt To Equity | 0.01 % | |||
| Book Value Per Share | 0.07 X | |||
| Cash Flow From Operations | (459.77 K) | |||
| Earnings Per Share | (0) X | |||
| Total Asset | 15.12 M | |||
About New Age Performance
By analyzing New Age's fundamental ratios, stakeholders can gain valuable insights into New Age's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if New Age has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if New Age has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
New Age Metals Inc., a mineral exploration company, engages in the acquisition, exploration, and development of platinum group metals , and precious and base metal properties in Canada. New Age Metals Inc. was incorporated in 1996 and is headquartered in Vancouver, Canada. New Age is traded on OTC Exchange in the United States.Things to note about New Age Metals performance evaluation
Checking the ongoing alerts about New Age for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for New Age Metals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| New Age Metals is way too risky over 90 days horizon | |
| New Age Metals has some characteristics of a very speculative penny stock | |
| New Age Metals appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (1.18 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| New Age Metals has accumulated about 6.9 M in cash with (459.77 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. | |
| Roughly 27.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing New Age's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether New Age's stock is overvalued or undervalued compared to its peers.
- Examining New Age's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating New Age's management team can have a significant impact on its success or failure. Reviewing the track record and experience of New Age's management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of New Age's otc stock. These opinions can provide insight into New Age's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for New OTC Stock analysis
When running New Age's price analysis, check to measure New Age'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 New Age is operating at the current time. Most of New Age's value examination focuses on studying past and present price action to predict the probability of New Age's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Age's price. Additionally, you may evaluate how the addition of New Age to your portfolios can decrease your overall portfolio volatility.
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