NEWPATH RESOURCES (Germany) Volatility
| 0MZ Stock | EUR 0.07 0.04 116.67% |
NEWPATH RESOURCES is out of control given 3 months investment horizon. NEWPATH RESOURCES INC has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18 % return per unit of standard deviation over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 6.41% are justified by taking the suggested risk. Use NEWPATH RESOURCES INC Risk Adjusted Performance of 0.1218, mean deviation of 21.35, and Market Risk Adjusted Performance of (1.29) to evaluate company specific risk that cannot be diversified away.
Sharpe Ratio = 0.1801
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Estimated Market Risk
| 35.6 actual daily | 96 96% of assets are less volatile |
Expected Return
| 4.96 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average NEWPATH RESOURCES is performing at about 14% 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 NEWPATH RESOURCES by adding it to a well-diversified portfolio.
Key indicators related to NEWPATH RESOURCES's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
NEWPATH RESOURCES Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of NEWPATH daily returns, and it is calculated using variance and standard deviation. We also use NEWPATH's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of NEWPATH RESOURCES volatility.
NEWPATH |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as NEWPATH RESOURCES can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game as hey may decide to buy additional stocks of NEWPATH RESOURCES at lower prices to lower their average cost per share. Similarly, when the prices of NEWPATH RESOURCES's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities. Main indicators related to NEWPATH RESOURCES's market risk premium analysis include:
Beta (4.06) | Alpha 5.51 | Risk 35.6 | Sharpe Ratio 0.18 | Expected Return 6.41 |
Moving against NEWPATH Stock
| 0.56 | DP4B | AP Mller Earnings Call Today | PairCorr |
| 0.5 | FPMB | FREEPORT MCMORAN | PairCorr |
| 0.44 | XSI | Sanyo Chemical Industries | PairCorr |
| 0.43 | 4HF | Hoist Finance AB Earnings Call Tomorrow | PairCorr |
| 0.41 | QBE | QBE Insurance Group | PairCorr |
| 0.39 | SEH | SHIN ETSU CHEMICAL | PairCorr |
| 0.39 | SSU | Samsung Electronics | PairCorr |
| 0.37 | SCL | Schlumberger Limited | PairCorr |
| 0.35 | 4I1 | Philip Morris Intern Earnings Call Tomorrow | PairCorr |
| 0.35 | MUM | Mensch und Maschine | PairCorr |
NEWPATH RESOURCES Market Sensitivity And Downside Risk
NEWPATH RESOURCES's beta coefficient measures the volatility of NEWPATH stock compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents NEWPATH stock's returns against your selected market. In other words, NEWPATH RESOURCES's beta of -4.06 provides an investor with an approximation of how much risk NEWPATH RESOURCES stock can potentially add to one of your existing portfolios. NEWPATH RESOURCES INC is showing large volatility of returns over the selected time horizon. NEWPATH RESOURCES INC is a penny stock. Although NEWPATH RESOURCES may be in fact a good investment, many penny stocks are subject to artificial price hype. Make sure you completely understand the upside potential and downside risk of investing in NEWPATH RESOURCES INC. We encourage investors to look for signals such as message board hypes, claims of breakthroughs, email spams, sudden volume upswings, and other similar hype indicators. We also encourage traders to check biographies and work history of company officers before investing in instruments with high volatility. You can indeed make money on NEWPATH instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.
3 Months Beta |Analyze NEWPATH RESOURCES INC Demand TrendCheck current 90 days NEWPATH RESOURCES correlation with market (Dow Jones Industrial)NEWPATH RESOURCES Volatility and Downside Risk
NEWPATH standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
NEWPATH RESOURCES INC Stock Volatility Analysis
Volatility refers to the frequency at which NEWPATH RESOURCES stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with NEWPATH RESOURCES's price changes. Investors will then calculate the volatility of NEWPATH RESOURCES's stock to predict their future moves. A stock that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A stock with relatively stable price changes has low volatility. A highly volatile stock is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of NEWPATH RESOURCES's volatility:
Historical Volatility
This type of stock volatility measures NEWPATH RESOURCES's fluctuations based on previous trends. It's commonly used to predict NEWPATH RESOURCES's future behavior based on its past. However, it cannot conclusively determine the future direction of the stock.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for NEWPATH RESOURCES's current market price. This means that the stock will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on NEWPATH RESOURCES's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. NEWPATH RESOURCES INC Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
NEWPATH RESOURCES Projected Return Density Against Market
Assuming the 90 days horizon NEWPATH RESOURCES INC has a beta of -4.063 . This suggests as returns on its benchmark rise, returns on holding NEWPATH RESOURCES INC are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, NEWPATH RESOURCES is expected to outperform its benchmark.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to NEWPATH RESOURCES or Metals & Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that NEWPATH RESOURCES's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a NEWPATH stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Predicted Return Density |
| Returns |
What Drives a NEWPATH RESOURCES Price Volatility?
Several factors can influence a stock's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract investor attention to the company. This positive attention may impact the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.NEWPATH RESOURCES Stock Risk Measures
Assuming the 90 days horizon the coefficient of variation of NEWPATH RESOURCES is 555.35. The daily returns are distributed with a variance of 1267.23 and standard deviation of 35.6. The mean deviation of NEWPATH RESOURCES INC is currently at 21.95. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.74
α | Alpha over Dow Jones | 5.51 | |
β | Beta against Dow Jones | -4.06 | |
σ | Overall volatility | 35.60 | |
Ir | Information ratio | 0.15 |
NEWPATH RESOURCES Stock Return Volatility
NEWPATH RESOURCES historical daily return volatility represents how much of NEWPATH RESOURCES stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company shows 35.5982% volatility of returns over 90 . By contrast, Dow Jones Industrial accepts 0.7533% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Risk-Adjusted Indicators
There is a big difference between NEWPATH Stock performing well and NEWPATH RESOURCES Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze NEWPATH RESOURCES's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FH0 | 3.22 | 0.18 | 0.01 | (0.04) | 4.02 | 7.51 | 16.52 | |||
| T6W | 0.48 | (0.11) | 0.00 | (1.14) | 0.00 | 0.00 | 6.78 | |||
| CI7 | 2.66 | (0.28) | 0.00 | 0.52 | 0.00 | 6.35 | 24.78 | |||
| SL4 | 2.93 | (0.20) | 0.00 | 9.53 | 0.00 | 5.36 | 29.72 | |||
| NY7 | 1.34 | 0.11 | 0.04 | (3.74) | 1.56 | 2.57 | 9.46 | |||
| H3M | 1.75 | 0.70 | 0.28 | (3.87) | 0.98 | 5.72 | 11.99 | |||
| 8P7 | 2.39 | (0.26) | 0.00 | 0.23 | 0.00 | 5.26 | 15.02 | |||
| TSI | 0.66 | (0.15) | 0.00 | (1.26) | 0.00 | 1.47 | 6.16 |
About NEWPATH RESOURCES Volatility
Volatility is a rate at which the price of NEWPATH RESOURCES or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of NEWPATH RESOURCES may increase or decrease. In other words, similar to NEWPATH's beta indicator, it measures the risk of NEWPATH RESOURCES and helps estimate the fluctuations that may happen in a short period of time. So if prices of NEWPATH RESOURCES fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.| Last Reported | Projected for Next Year | ||
| Market Cap | 384.4 K | 365.2 K |
NEWPATH RESOURCES's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on NEWPATH Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much NEWPATH RESOURCES's price varies over time.
3 ways to utilize NEWPATH RESOURCES's volatility to invest better
Higher NEWPATH RESOURCES's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of NEWPATH RESOURCES INC stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. NEWPATH RESOURCES INC stock volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of NEWPATH RESOURCES INC investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in NEWPATH RESOURCES's stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of NEWPATH RESOURCES's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
NEWPATH RESOURCES Investment Opportunity
NEWPATH RESOURCES INC has a volatility of 35.6 and is 47.47 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of NEWPATH RESOURCES INC is higher than 96 percent of all global equities and portfolios over the last 90 days. You can use NEWPATH RESOURCES INC to enhance the returns of your portfolios. The stock experiences a very speculative upward sentiment. Check odds of NEWPATH RESOURCES to be traded at €0.0813 in 90 days.Very good diversification
The correlation between NEWPATH RESOURCES INC and DJI is -0.44 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NEWPATH RESOURCES INC and DJI in the same portfolio, assuming nothing else is changed.
NEWPATH RESOURCES Additional Risk Indicators
The analysis of NEWPATH RESOURCES's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in NEWPATH RESOURCES's investment and either accepting that risk or mitigating it. Along with some common measures of NEWPATH RESOURCES stock's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.1218 | |||
| Market Risk Adjusted Performance | (1.29) | |||
| Mean Deviation | 21.35 | |||
| Semi Deviation | 17.61 | |||
| Downside Deviation | 28.22 | |||
| Coefficient Of Variation | 656.86 | |||
| Standard Deviation | 34.79 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stocks, we recommend comparing similar stocks with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
NEWPATH RESOURCES Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against NEWPATH RESOURCES as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. NEWPATH RESOURCES's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, NEWPATH RESOURCES's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to NEWPATH RESOURCES INC.
Complementary Tools for NEWPATH Stock analysis
When running NEWPATH RESOURCES's price analysis, check to measure NEWPATH RESOURCES'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 NEWPATH RESOURCES is operating at the current time. Most of NEWPATH RESOURCES's value examination focuses on studying past and present price action to predict the probability of NEWPATH RESOURCES's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NEWPATH RESOURCES's price. Additionally, you may evaluate how the addition of NEWPATH RESOURCES to your portfolios can decrease your overall portfolio volatility.
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