New Momentum Stock Performance
| NNAX Stock | USD 0.0005 0.00 0.00% |
On a scale of 0 to 100, New Momentum holds a performance score of 3. The company secures a Beta (Market Risk) of 0.0648, which conveys not very significant fluctuations relative to the market. As returns on the market increase, New Momentum's returns are expected to increase less than the market. However, during the bear market, the loss of holding New Momentum is expected to be smaller as well. Please check New Momentum's sortino ratio, downside variance, as well as the relationship between the Downside Variance and rate of daily change , to make a quick decision on whether New Momentum's current price movements will revert.
Risk-Adjusted Performance
3 of 100
Weak | Strong |
Weak
Compared to the overall equity markets, risk-adjusted returns on investments in New Momentum are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of fairly weak basic indicators, New Momentum showed solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 64.5 K | |
| Free Cash Flow | -108.9 K |
New |
New Momentum Relative Risk vs. Return Landscape
If you would invest 0.06 in New Momentum on September 26, 2024 and sell it today you would lose (0.01) from holding New Momentum or give up 16.67% of portfolio value over 90 days. New Momentum is currently generating 0.4725% in daily expected returns and assumes 12.3766% risk (volatility on return distribution) over the 90 days horizon. In different words, most equities are less risky than New, and most traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
New Momentum Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Momentum's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as New Momentum, and traders can use it to determine the average amount a New Momentum'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 = 0.0382
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | NNAX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 12.38 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.47 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average New Momentum is performing at about 3% 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 Momentum by adding it to a well-diversified portfolio.
New Momentum Fundamentals Growth
New Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of New Momentum, and New Momentum 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 Pink Sheet performance.
| Return On Asset | -1.25 | |||
| Profit Margin | (0.25) % | |||
| Operating Margin | (0.27) % | |||
| Current Valuation | 2.31 M | |||
| Shares Outstanding | 176.17 M | |||
| Price To Book | 327,085 X | |||
| Price To Sales | 2.37 X | |||
| Revenue | 1.29 M | |||
| EBITDA | (258.51 K) | |||
| Cash And Equivalents | 104.31 K | |||
| Total Debt | 373.27 K | |||
| Book Value Per Share | (0) X | |||
| Cash Flow From Operations | (108.89 K) | |||
| Earnings Per Share | (0) X | |||
| Total Asset | 76.15 K | |||
About New Momentum Performance
Evaluating New Momentum's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if New Momentum 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 Momentum has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
New Momentum Corporation develops and operates an online ticketing platform under the Gagfare.com name. The company also offers its services through Gagfare mobile application. New Momentum is traded on OTC Exchange in the United States.Things to note about New Momentum performance evaluation
Checking the ongoing alerts about New Momentum for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for New Momentum help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| New Momentum had very high historical volatility over the last 90 days | |
| New Momentum has some characteristics of a very speculative penny stock | |
| New Momentum currently holds 373.27 K in liabilities. New Momentum has a current ratio of 0.22, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist New Momentum until it has trouble settling it off, either with new capital or with free cash flow. So, New Momentum's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like New Momentum sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for New to invest in growth at high rates of return. When we think about New Momentum's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 1.29 M. Net Loss for the year was (287.76 K) with profit before overhead, payroll, taxes, and interest of 5.39 K. | |
| New Momentum currently holds about 104.31 K in cash with (108.89 K) of positive cash flow from operations. | |
| Roughly 84.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing New Momentum'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 Momentum's stock is overvalued or undervalued compared to its peers.
- Examining New Momentum'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 Momentum's management team can have a significant impact on its success or failure. Reviewing the track record and experience of New Momentum's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of New Momentum's pink sheet. These opinions can provide insight into New Momentum's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for New Pink Sheet Analysis
When running New Momentum's price analysis, check to measure New Momentum'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 Momentum is operating at the current time. Most of New Momentum's value examination focuses on studying past and present price action to predict the probability of New Momentum'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 Momentum's price. Additionally, you may evaluate how the addition of New Momentum to your portfolios can decrease your overall portfolio volatility.