New World Development Stock Market Value
| NDVLY Stock | USD 0.42 0.01 2.44% |
| Symbol | New |
New World '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 World's pink sheet 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 World.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in New World on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding New World Development or generate 0.0% return on investment in New World over 180 days. New World is related to or competes with Henderson Land, Sun Hung, Hang Lung, Swire Pacific, and Sino Land. New World Development Company Limited, an investment holding company, engages in the property development and investment... More
New World 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 World's pink sheet 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 World Development upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.36 | |||
| Information Ratio | 0.0082 | |||
| Maximum Drawdown | 44.52 | |||
| Value At Risk | (10.87) | |||
| Potential Upside | 10.0 |
New World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New World's standard deviation. In reality, there are many statistical measures that can use New World historical prices to predict the future New World's volatility.| Risk Adjusted Performance | 0.0286 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (1.12) | |||
| Sortino Ratio | 0.0069 | |||
| Treynor Ratio | 0.1037 |
New World Development Backtested Returns
New World appears to be out of control, given 3 months investment horizon. New World Development has Sharpe Ratio of 0.0258, which conveys that the firm had a 0.0258% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for New World, which you can use to evaluate the volatility of the firm. Please exercise New World's Mean Deviation of 5.46, risk adjusted performance of 0.0286, and Downside Deviation of 9.36 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, New World holds a performance score of 2. The company secures a Beta (Market Risk) of 1.85, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, New World will likely underperform. Please check New World's sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to make a quick decision on whether New World's current price movements will revert.
Auto-correlation | -0.09 |
Very weak reverse predictability
New World Development has very weak reverse predictability. Overlapping area represents the amount of predictability between New World time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 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 World Development price movement. The serial correlation of -0.09 indicates that less than 9.0% of current New World price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
New World Development lagged returns against current returns
Autocorrelation, which is New World pink sheet'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 World's pink sheet expected returns. We can calculate the autocorrelation of New World returns to help us make a trade decision. For example, suppose you find that New World has exhibited high autocorrelation historically, and you observe that the pink sheet 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 World 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 World pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New World pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New World pink sheet over time.
Current vs Lagged Prices |
| Timeline |
New World Lagged Returns
When evaluating New World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New World pink sheet have on its future price. New World 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 World autocorrelation shows the relationship between New World pink sheet current value and its past values and can show if there is a momentum factor associated with investing in New World Development.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for New Pink Sheet Analysis
When running New World's price analysis, check to measure New World'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 World is operating at the current time. Most of New World's value examination focuses on studying past and present price action to predict the probability of New World'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 World's price. Additionally, you may evaluate how the addition of New World to your portfolios can decrease your overall portfolio volatility.