NEWMONT PORATION (Australia) Market Value
| NEM Stock | 65.09 0.95 1.48% |
| Symbol | NEWMONT |
NEWMONT PORATION '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 NEWMONT PORATION'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 NEWMONT PORATION.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in NEWMONT PORATION on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding NEWMONT PORATION CDI or generate 0.0% return on investment in NEWMONT PORATION over 30 days. NEWMONT PORATION is related to or competes with Data3, IDP Education, Embark Education, Red Hill, EMvision Medical, G8 Education, and Viva Leisure. NEWMONT PORATION is entity of Australia. It is traded as Stock on AU exchange. More
NEWMONT PORATION 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 NEWMONT PORATION'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 NEWMONT PORATION CDI upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 17.46 | |||
| Value At Risk | (4.26) | |||
| Potential Upside | 2.57 |
NEWMONT PORATION Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEWMONT PORATION's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEWMONT PORATION's standard deviation. In reality, there are many statistical measures that can use NEWMONT PORATION historical prices to predict the future NEWMONT PORATION's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (3.81) |
NEWMONT PORATION CDI Backtested Returns
NEWMONT PORATION CDI has Sharpe Ratio of -0.0991, which conveys that the firm had a -0.0991% return per unit of standard deviation over the last 3 months. NEWMONT PORATION exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NEWMONT PORATION's Mean Deviation of 1.56, market risk adjusted performance of (3.80), and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.065, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NEWMONT PORATION's returns are expected to increase less than the market. However, during the bear market, the loss of holding NEWMONT PORATION is expected to be smaller as well. At this point, NEWMONT PORATION CDI has a negative expected return of -0.24%. Please make sure to verify NEWMONT PORATION's potential upside, kurtosis, daily balance of power, as well as the relationship between the skewness and accumulation distribution , to decide if NEWMONT PORATION CDI performance from the past will be repeated at future time.
Auto-correlation | 0.17 |
Very weak predictability
NEWMONT PORATION CDI has very weak predictability. Overlapping area represents the amount of predictability between NEWMONT PORATION time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 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 NEWMONT PORATION CDI price movement. The serial correlation of 0.17 indicates that over 17.0% of current NEWMONT PORATION price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
NEWMONT PORATION CDI lagged returns against current returns
Autocorrelation, which is NEWMONT PORATION 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 NEWMONT PORATION's stock expected returns. We can calculate the autocorrelation of NEWMONT PORATION returns to help us make a trade decision. For example, suppose you find that NEWMONT PORATION 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 |
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NEWMONT PORATION 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 NEWMONT PORATION stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEWMONT PORATION stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NEWMONT PORATION stock over time.
Current vs Lagged Prices |
| Timeline |
NEWMONT PORATION Lagged Returns
When evaluating NEWMONT PORATION's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEWMONT PORATION stock have on its future price. NEWMONT PORATION 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, NEWMONT PORATION autocorrelation shows the relationship between NEWMONT PORATION stock current value and its past values and can show if there is a momentum factor associated with investing in NEWMONT PORATION CDI.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for NEWMONT Stock Analysis
When running NEWMONT PORATION's price analysis, check to measure NEWMONT PORATION'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 NEWMONT PORATION is operating at the current time. Most of NEWMONT PORATION's value examination focuses on studying past and present price action to predict the probability of NEWMONT PORATION's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NEWMONT PORATION's price. Additionally, you may evaluate how the addition of NEWMONT PORATION to your portfolios can decrease your overall portfolio volatility.