New Concept Energy Stock Market Value
| GBR Stock | USD 1.19 0.03 2.46% |
| Symbol | New |
New Concept Energy Price To Book Ratio
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of New Concept. If investors know New will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about New Concept listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.88) | Earnings Share (0.03) | Revenue Per Share 0.028 | Quarterly Revenue Growth 0.057 | Return On Assets (0.03) |
The market value of New Concept Energy is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New Concept's value that differs from its market value or its book value, called intrinsic value, which is New Concept's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because New Concept's market value can be influenced by many factors that don't directly affect New Concept's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between New Concept's value and its price as these two are different measures arrived at by different means. Investors typically determine if New Concept is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Concept's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
New Concept 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to New Concept's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of New Concept.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in New Concept on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding New Concept Energy or generate 0.0% return on investment in New Concept over 180 days. New Concept is related to or competes with Marcus Millichap, Frp Holdings, Maui Land, Hysan Development, Wetouch Technology, MBHPLC, and Aroundtown. New Concept Energy, Inc. engages in real estate rental business More
New Concept Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure New Concept's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess New Concept Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 16.5 | |||
| Value At Risk | (4.96) | |||
| Potential Upside | 3.45 |
New Concept Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Concept's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Concept's standard deviation. In reality, there are many statistical measures that can use New Concept historical prices to predict the future New Concept's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 0.2128 |
New Concept Energy Backtested Returns
New Concept Energy has Sharpe Ratio of -0.0075, which conveys that the firm had a -0.0075% return per unit of risk over the last 3 months. New Concept exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify New Concept's Standard Deviation of 2.92, mean deviation of 2.0, and insignificant Risk Adjusted Performance to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning New Concept are expected to decrease at a much lower rate. During the bear market, New Concept is likely to outperform the market. At this point, New Concept Energy has a negative expected return of -0.0221%. Please make sure to verify New Concept's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if New Concept Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.36 |
Below average predictability
New Concept Energy has below average predictability. Overlapping area represents the amount of predictability between New Concept time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of New Concept Energy price movement. The serial correlation of 0.36 indicates that just about 36.0% of current New Concept price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
New Concept Energy lagged returns against current returns
Autocorrelation, which is New Concept stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting New Concept's stock expected returns. We can calculate the autocorrelation of New Concept returns to help us make a trade decision. For example, suppose you find that New Concept has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
New Concept regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If New Concept stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Concept stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New Concept stock over time.
Current vs Lagged Prices |
| Timeline |
New Concept Lagged Returns
When evaluating New Concept's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New Concept stock have on its future price. New Concept autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, New Concept autocorrelation shows the relationship between New Concept stock current value and its past values and can show if there is a momentum factor associated with investing in New Concept Energy.
Regressed Prices |
| Timeline |
Pair Trading with New Concept
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if New Concept position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in New Concept will appreciate offsetting losses from the drop in the long position's value.Moving against New Stock
The ability to find closely correlated positions to New Concept could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Concept when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back New Concept - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling New Concept Energy to buy it.
The correlation of New Concept is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as New Concept moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Concept Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for New Concept can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for New Stock Analysis
When running New Concept's price analysis, check to measure New Concept'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 Concept is operating at the current time. Most of New Concept's value examination focuses on studying past and present price action to predict the probability of New Concept'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 Concept's price. Additionally, you may evaluate how the addition of New Concept to your portfolios can decrease your overall portfolio volatility.