Newmarket Stock Market Value
| NEU Stock | USD 531.94 1.30 0.24% |
| Symbol | NewMarket |
NewMarket Price To Book Ratio
Is Specialty Chemicals 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 NewMarket. If investors know NewMarket 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 NewMarket listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.189 | Dividend Share 9.75 | Earnings Share 45.06 | Revenue Per Share 290.352 | Quarterly Revenue Growth 0.087 |
The market value of NewMarket is measured differently than its book value, which is the value of NewMarket that is recorded on the company's balance sheet. Investors also form their own opinion of NewMarket's value that differs from its market value or its book value, called intrinsic value, which is NewMarket'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 NewMarket's market value can be influenced by many factors that don't directly affect NewMarket'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 NewMarket's value and its price as these two are different measures arrived at by different means. Investors typically determine if NewMarket is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NewMarket'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.
NewMarket '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 NewMarket'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 NewMarket.
| 02/09/2023 |
| 12/30/2024 |
If you would invest 0.00 in NewMarket on February 9, 2023 and sell it all today you would earn a total of 0.00 from holding NewMarket or generate 0.0% return on investment in NewMarket over 690 days. NewMarket is related to or competes with H B, Minerals Technologies, Quaker Chemical, Oil Dri, Sensient Technologies, Innospec, and Cabot. NewMarket Corporation, through its subsidiaries, engages in the petroleum additives business More
NewMarket 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 NewMarket'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 NewMarket upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 8.62 | |||
| Value At Risk | (1.73) | |||
| Potential Upside | 1.77 |
NewMarket Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NewMarket's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NewMarket's standard deviation. In reality, there are many statistical measures that can use NewMarket historical prices to predict the future NewMarket's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.27) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NewMarket's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
NewMarket Backtested Returns
NewMarket has Sharpe Ratio of -0.0226, which conveys that the firm had a -0.0226% return per unit of risk over the last 3 months. NewMarket exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NewMarket's Mean Deviation of 0.8419, risk adjusted performance of (0.02), and Standard Deviation of 1.27 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NewMarket's returns are expected to increase less than the market. However, during the bear market, the loss of holding NewMarket is expected to be smaller as well. At this point, NewMarket has a negative expected return of -0.029%. Please make sure to verify NewMarket's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if NewMarket performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.59 |
Good reverse predictability
NewMarket has good reverse predictability. Overlapping area represents the amount of predictability between NewMarket time series from 9th of February 2023 to 20th of January 2024 and 20th of January 2024 to 30th 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 NewMarket price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current NewMarket price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 995.12 |
NewMarket lagged returns against current returns
Autocorrelation, which is NewMarket 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 NewMarket's stock expected returns. We can calculate the autocorrelation of NewMarket returns to help us make a trade decision. For example, suppose you find that NewMarket 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 |
NewMarket 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 NewMarket stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NewMarket stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NewMarket stock over time.
Current vs Lagged Prices |
| Timeline |
NewMarket Lagged Returns
When evaluating NewMarket's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NewMarket stock have on its future price. NewMarket 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, NewMarket autocorrelation shows the relationship between NewMarket stock current value and its past values and can show if there is a momentum factor associated with investing in NewMarket.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for NewMarket Stock Analysis
When running NewMarket's price analysis, check to measure NewMarket'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 NewMarket is operating at the current time. Most of NewMarket's value examination focuses on studying past and present price action to predict the probability of NewMarket's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NewMarket's price. Additionally, you may evaluate how the addition of NewMarket to your portfolios can decrease your overall portfolio volatility.