New Momentum Stock Market Value
| NNAX Stock | USD 0.0005 0.00 0.00% |
| Symbol | New |
New Momentum '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 Momentum'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 Momentum.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in New Momentum on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding New Momentum or generate 0.0% return on investment in New Momentum over 30 days. New Momentum is related to or competes with Yatra Online, MakeMyTrip, Tuniu Corp, Airbnb, SosTravel SPA, Inspirato, and Norwegian Cruise. New Momentum Corporation develops and operates an online ticketing platform under the Gagfare.com name More
New Momentum 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 Momentum'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 Momentum upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 17.68 | |||
| Information Ratio | 0.0015 | |||
| Maximum Drawdown | 48.57 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 20.0 |
New Momentum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Momentum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Momentum's standard deviation. In reality, there are many statistical measures that can use New Momentum historical prices to predict the future New Momentum's volatility.| Risk Adjusted Performance | 0.0127 | |||
| Jensen Alpha | 0.0408 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | 0.0011 | |||
| Treynor Ratio | 0.6315 |
New Momentum Backtested Returns
New Momentum appears to be out of control, given 3 months investment horizon. New Momentum has Sharpe Ratio of 0.0199, which conveys that the firm had a 0.0199% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for New Momentum, which you can use to evaluate the volatility of the firm. Please exercise New Momentum's Mean Deviation of 8.21, risk adjusted performance of 0.0127, and Downside Deviation of 17.68 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, New Momentum holds a performance score of 1. The company secures a Beta (Market Risk) of 0.067, 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.
Auto-correlation | 0.15 |
Insignificant predictability
New Momentum has insignificant predictability. Overlapping area represents the amount of predictability between New Momentum time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Momentum price movement. The serial correlation of 0.15 indicates that less than 15.0% of current New Momentum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
New Momentum lagged returns against current returns
Autocorrelation, which is New Momentum 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 Momentum's pink sheet expected returns. We can calculate the autocorrelation of New Momentum returns to help us make a trade decision. For example, suppose you find that New Momentum 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 Momentum 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 Momentum pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Momentum 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 Momentum pink sheet over time.
Current vs Lagged Prices |
| Timeline |
New Momentum Lagged Returns
When evaluating New Momentum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New Momentum pink sheet have on its future price. New Momentum 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 Momentum autocorrelation shows the relationship between New Momentum pink sheet current value and its past values and can show if there is a momentum factor associated with investing in New Momentum.
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 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.