New Sources (Netherlands) Market Value
| NSE Stock | EUR 0.02 0.0005 2.86% |
| Symbol | New |
New Sources '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 Sources' 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 Sources.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in New Sources on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding New Sources Energy or generate 0.0% return on investment in New Sources over 30 days. New Sources is related to or competes with Ctac NV, and Lavide Holding. New Sources Energy NV develops, exploits, and invests in projects that generate electricity using renewable energy sourc... More
New Sources 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 Sources' 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 Sources Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.6 | |||
| Information Ratio | 0.0169 | |||
| Maximum Drawdown | 23.53 | |||
| Value At Risk | (8.57) | |||
| Potential Upside | 9.38 |
New Sources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Sources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Sources' standard deviation. In reality, there are many statistical measures that can use New Sources historical prices to predict the future New Sources' volatility.| Risk Adjusted Performance | 0.0387 | |||
| Jensen Alpha | 0.1042 | |||
| Total Risk Alpha | (0.60) | |||
| Sortino Ratio | 0.0128 | |||
| Treynor Ratio | 0.2402 |
New Sources Energy Backtested Returns
New Sources appears to be out of control, given 3 months investment horizon. New Sources Energy has Sharpe Ratio of 0.0515, which conveys that the firm had a 0.0515% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for New Sources, which you can use to evaluate the volatility of the firm. Please exercise New Sources' Downside Deviation of 6.6, risk adjusted performance of 0.0387, and Mean Deviation of 3.27 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, New Sources holds a performance score of 4. The company secures a Beta (Market Risk) of 0.83, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, New Sources' returns are expected to increase less than the market. However, during the bear market, the loss of holding New Sources is expected to be smaller as well. Please check New Sources' treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether New Sources' current price movements will revert.
Auto-correlation | 0.13 |
Insignificant predictability
New Sources Energy has insignificant predictability. Overlapping area represents the amount of predictability between New Sources time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Sources Energy price movement. The serial correlation of 0.13 indicates that less than 13.0% of current New Sources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
New Sources Energy lagged returns against current returns
Autocorrelation, which is New Sources 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 Sources' stock expected returns. We can calculate the autocorrelation of New Sources returns to help us make a trade decision. For example, suppose you find that New Sources 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 Sources 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 Sources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Sources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New Sources stock over time.
Current vs Lagged Prices |
| Timeline |
New Sources Lagged Returns
When evaluating New Sources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New Sources stock have on its future price. New Sources 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 Sources autocorrelation shows the relationship between New Sources stock current value and its past values and can show if there is a momentum factor associated with investing in New Sources Energy.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for New Stock Analysis
When running New Sources' price analysis, check to measure New Sources' 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 Sources is operating at the current time. Most of New Sources' value examination focuses on studying past and present price action to predict the probability of New Sources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Sources' price. Additionally, you may evaluate how the addition of New Sources to your portfolios can decrease your overall portfolio volatility.