New Energy Metals Stock Performance
| NRGYF Stock | 0.20 0.00 0.00% |
New Energy holds a performance score of 8 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -12.59, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning New Energy are expected to decrease by larger amounts. On the other hand, during market turmoil, New Energy is expected to outperform it. Use New Energy Metals market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and rate of daily change , to analyze future returns on New Energy Metals.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in New Energy Metals are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Despite nearly weak basic indicators, New Energy reported solid returns over the last few months and may actually be approaching a breakup point. ...more
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New Energy Relative Risk vs. Return Landscape
If you would invest 31.00 in New Energy Metals on November 3, 2024 and sell it today you would lose (11.00) from holding New Energy Metals or give up 35.48% of portfolio value over 90 days. New Energy Metals is currently producing 14.0208% returns and takes up 130.0929% 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 Energy Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Energy's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as New Energy Metals, and traders can use it to determine the average amount a New Energy'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 = 0.1078
| Best Portfolio | Best Equity | NRGYF | ||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 130.09 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average New Energy is performing at about 8% 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 Energy by adding it to a well-diversified portfolio.
Things to note about New Energy Metals performance evaluation
Checking the ongoing alerts about New Energy for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for New Energy Metals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| New Energy Metals is way too risky over 90 days horizon | |
| New Energy Metals has some characteristics of a very speculative penny stock | |
| New Energy Metals appears to be risky and price may revert if volatility continues |
- Analyzing New Energy'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 Energy's stock is overvalued or undervalued compared to its peers.
- Examining New Energy'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 Energy's management team can have a significant impact on its success or failure. Reviewing the track record and experience of New Energy's management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of New Energy's otc stock. These opinions can provide insight into New Energy's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for New OTC Stock analysis
When running New Energy's price analysis, check to measure New Energy'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 Energy is operating at the current time. Most of New Energy's value examination focuses on studying past and present price action to predict the probability of New Energy'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 Energy's price. Additionally, you may evaluate how the addition of New Energy to your portfolios can decrease your overall portfolio volatility.
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