New Age Metals Stock Odds of Future Stock Price Finishing Under 0.0862

NAM Stock  CAD 0.09  0.01  5.56%   
New Age's future price is the expected price of New Age instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of New Age Metals performance during a given time horizon utilizing its historical volatility. Check out New Age Backtesting, New Age Valuation, New Age Correlation, New Age Hype Analysis, New Age Volatility, New Age History as well as New Age Performance.
  
Price Earnings Ratio is likely to drop to -15.96 in 2024. Price Book Value Ratio is likely to drop to 0.70 in 2024. Please specify New Age's target price for which you would like New Age odds to be computed.

New Age Target Price Odds to finish below 0.0862

The tendency of New Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to stay under C$ 0.09  after 90 days
 0.09 90 days 0.09 
about 23.66
Based on a normal probability distribution, the odds of New Age to stay under C$ 0.09  after 90 days from now is about 23.66 (This New Age Metals probability density function shows the probability of New Stock to fall within a particular range of prices over 90 days) . Probability of New Age Metals price to stay between its current price of C$ 0.09  and C$ 0.09  at the end of the 90-day period is about 1.88 .
Assuming the 90 days horizon New Age Metals has a beta of -1.23. This indicates as returns on its benchmark rise, returns on holding New Age Metals are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, New Age is expected to outperform its benchmark. Additionally New Age Metals has an alpha of 0.6179, implying that it can generate a 0.62 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   New Age Price Density   
       Price  

Predictive Modules for New Age

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as New Age Metals. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
0.000.008.93
Details
Intrinsic
Valuation
LowRealHigh
0.000.008.93
Details
Naive
Forecast
LowNextHigh
00.109.03
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.070.100.13
Details

New Age Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. New Age is not an exception. The market had few large corrections towards the New Age's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold New Age Metals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of New Age within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
0.62
β
Beta against Dow Jones-1.23
σ
Overall volatility
0.02
Ir
Information ratio 0.04

New Age Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of New Age for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for New Age Metals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
New Age Metals had very high historical volatility over the last 90 days
New Age Metals has some characteristics of a very speculative penny stock
New Age Metals has high likelihood to experience some financial distress in the next 2 years
Net Loss for the year was (657.66 K) with profit before overhead, payroll, taxes, and interest of 0.
New Age Metals has accumulated about 1.33 M in cash with (1.4 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Roughly 28.0% of the company outstanding shares are owned by corporate insiders
Latest headline from news.google.com: REZ is a gold explorer with enormous growth potential - Stockhead

New Age Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of New Stock often depends not only on the future outlook of the current and potential New Age's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. New Age's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding55.6 M

New Age Technical Analysis

New Age's future price can be derived by breaking down and analyzing its technical indicators over time. New Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of New Age Metals. In general, you should focus on analyzing New Stock price patterns and their correlations with different microeconomic environments and drivers.

New Age Predictive Forecast Models

New Age's time-series forecasting models is one of many New Age's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary New Age's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about New Age Metals

Checking the ongoing alerts about New Age for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for New Age Metals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
New Age Metals had very high historical volatility over the last 90 days
New Age Metals has some characteristics of a very speculative penny stock
New Age Metals has high likelihood to experience some financial distress in the next 2 years
Net Loss for the year was (657.66 K) with profit before overhead, payroll, taxes, and interest of 0.
New Age Metals has accumulated about 1.33 M in cash with (1.4 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Roughly 28.0% of the company outstanding shares are owned by corporate insiders
Latest headline from news.google.com: REZ is a gold explorer with enormous growth potential - Stockhead

Additional Tools for New Stock Analysis

When running New Age's price analysis, check to measure New Age'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 Age is operating at the current time. Most of New Age's value examination focuses on studying past and present price action to predict the probability of New Age'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 Age's price. Additionally, you may evaluate how the addition of New Age to your portfolios can decrease your overall portfolio volatility.