New Age Metals Stock Alpha and Beta Analysis
| NAM Stock | CAD 0.09 0.01 5.56% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as New Age Metals. It also helps investors analyze the systematic and unsystematic risks associated with investing in New Age over a specified time horizon. Remember, high New Age's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to New Age's market risk premium analysis include:
Beta 0.3 | Alpha (0.10) | Risk 8.79 | Sharpe Ratio 0.0632 | Expected Return 0.56 |
Enterprise Value |
|
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
New |
New Age Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. New Age market risk premium is the additional return an investor will receive from holding New Age long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in New Age. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate New Age's performance over market.| α | -0.1 | β | 0.30 |
New Age expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of New Age's Buy-and-hold return. Our buy-and-hold chart shows how New Age performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.New Age Market Price Analysis
Market price analysis indicators help investors to evaluate how New Age stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading New Age shares will generate the highest return on investment. By understating and applying New Age stock market price indicators, traders can identify New Age position entry and exit signals to maximize returns.
New Age Return and Market Media
The median price of New Age for the period between Thu, Aug 29, 2024 and Wed, Nov 27, 2024 is 0.1 with a coefficient of variation of 19.18. The daily time series for the period is distributed with a sample standard deviation of 0.02, arithmetic mean of 0.1, and mean deviation of 0.02. The Stock received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | New Age Metals Announces Final Assay Results from 2024 Lithium Fieldwork Program - Junior Mining Network | 10/03/2024 |
About New Age Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including New or other stocks. Alpha measures the amount that position in New Age Metals has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2023 | 2024 (projected) | Payables Turnover | 0.0324 | 0.0308 | Days Of Inventory On Hand | 0.0128 | 0.0122 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards New Age in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, New Age's short interest history, or implied volatility extrapolated from New Age options trading.
Build Portfolio with New Age
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Additional Tools for New 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.