New Providence Acquisition Performance
| NPABWDelisted Stock | USD 0.04 0.00 0.00% |
The company secures a Beta (Market Risk) of 3.99, 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 Providence will likely underperform. At this point, New Providence Acqui has a negative expected return of -0.14%. Please make sure to verify New Providence's sortino ratio, downside variance, as well as the relationship between the Downside Variance and rate of daily change , to decide if New Providence Acqui performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days New Providence Acquisition has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest abnormal performance, the Stock's fundamental drivers remain stable and the latest fuss on Wall Street may also be a sign of long-term gains for the venture sophisticated investors. ...more
| Begin Period Cash Flow | 339.7 K |
New |
New Providence Relative Risk vs. Return Landscape
If you would invest 5.00 in New Providence Acquisition on September 16, 2024 and sell it today you would lose (1.00) from holding New Providence Acquisition or give up 20.0% of portfolio value over 90 days. New Providence Acquisition is currently producing negative expected returns and takes up 15.5152% volatility of returns over 90 trading days. Put another way, most equities are less risky on the basis of their return distribution than New, and majority of traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
New Providence Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Providence's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as New Providence Acquisition, and traders can use it to determine the average amount a New Providence's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0092
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| Negative Returns | NPABW |
Estimated Market Risk
| 15.52 actual daily | 96 96% of assets are less volatile |
Expected Return
| -0.14 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average New Providence is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of New Providence by adding New Providence to a well-diversified portfolio.
New Providence Fundamentals Growth
New Stock prices reflect investors' perceptions of the future prospects and financial health of New Providence, and New Providence fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on New Stock performance.
| Return On Asset | -0.0294 | |||
| EBITDA | (1.33 M) | |||
| Cash And Equivalents | 551 | |||
| Total Debt | 290 K | |||
| Book Value Per Share | (1.95) X | |||
| Cash Flow From Operations | (572.8 K) | |||
| Total Asset | 57.05 M | |||
| Retained Earnings | (12.17 M) | |||
About New Providence Performance
Evaluating New Providence's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if New Providence has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if New Providence has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The company was incorporated in 2020 and is based in Austin, Texas. New Providence is traded on NASDAQ Exchange in the United States.Things to note about New Providence Acqui performance evaluation
Checking the ongoing alerts about New Providence for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for New Providence Acqui help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| New Providence Acqui is not yet fully synchronised with the market data | |
| New Providence Acqui generated a negative expected return over the last 90 days | |
| New Providence Acqui has high historical volatility and very poor performance | |
| New Providence Acqui has some characteristics of a very speculative penny stock | |
| New Providence Acqui has a very high chance of going through financial distress in the upcoming years | |
| New Providence Acquisition has accumulated about 551 in cash with (572.8 K) of positive cash flow from operations. |
- Analyzing New Providence's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether New Providence's stock is overvalued or undervalued compared to its peers.
- Examining New Providence's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating New Providence's management team can have a significant impact on its success or failure. Reviewing the track record and experience of New Providence's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of New Providence's stock. These opinions can provide insight into New Providence's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Other Consideration for investing in New Stock
If you are still planning to invest in New Providence Acqui check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the New Providence's history and understand the potential risks before investing.
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