New Era Helium Stock Market Value
| NEHC Stock | 3.01 0.14 4.44% |
| Symbol | New |
Is Stock space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of New Era. If investors know New will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about New Era listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of New Era Helium is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New Era's value that differs from its market value or its book value, called intrinsic value, which is New Era's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because New Era's market value can be influenced by many factors that don't directly affect New Era's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between New Era's value and its price as these two are different measures arrived at by different means. Investors typically determine if New Era is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Era's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
New Era '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 Era'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 New Era.
| 10/19/2024 |
| 12/18/2024 |
If you would invest 0.00 in New Era on October 19, 2024 and sell it all today you would earn a total of 0.00 from holding New Era Helium or generate 0.0% return on investment in New Era over 60 days. New Era is related to or competes with Copa Holdings, United Airlines, Delta Air, SkyWest, and Allegiant Travel. New Era is entity of United States. It is traded as Stock on NASDAQ exchange. More
New Era 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 Era'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 New Era Helium upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 36.89 | |||
| Value At Risk | (14.97) | |||
| Potential Upside | 1.86 |
New Era Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Era's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Era's standard deviation. In reality, there are many statistical measures that can use New Era historical prices to predict the future New Era's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (1.64) | |||
| Total Risk Alpha | (2.21) | |||
| Treynor Ratio | (1.68) |
New Era Helium Backtested Returns
New Era Helium has Sharpe Ratio of -0.21, which conveys that the firm had a -0.21% return per unit of risk over the last 3 months. New Era exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify New Era's Mean Deviation of 3.87, standard deviation of 7.78, and Risk Adjusted Performance of (0.14) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.95, which conveys possible diversification benefits within a given portfolio. New Era returns are very sensitive to returns on the market. As the market goes up or down, New Era is expected to follow. At this point, New Era Helium has a negative expected return of -1.7%. Please make sure to verify New Era's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if New Era Helium performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.61 |
Very good reverse predictability
New Era Helium has very good reverse predictability. Overlapping area represents the amount of predictability between New Era time series from 19th of October 2024 to 18th of November 2024 and 18th of November 2024 to 18th 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 Era Helium price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current New Era price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 10.73 |
New Era Helium lagged returns against current returns
Autocorrelation, which is New Era 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 Era's stock expected returns. We can calculate the autocorrelation of New Era returns to help us make a trade decision. For example, suppose you find that New Era 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 Era 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 Era stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Era stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New Era stock over time.
Current vs Lagged Prices |
| Timeline |
New Era Lagged Returns
When evaluating New Era's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New Era stock have on its future price. New Era 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 Era autocorrelation shows the relationship between New Era stock current value and its past values and can show if there is a momentum factor associated with investing in New Era Helium.
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.When determining whether New Era Helium is a strong investment it is important to analyze New Era's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact New Era's future performance. For an informed investment choice regarding New Stock, refer to the following important reports:Check out New Era Correlation, New Era Volatility and New Era Alpha and Beta module to complement your research on New Era. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
New Era technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.