Newtek Business Services Stock Market Value
| NEWT Stock | USD 13.30 0.10 0.76% |
| Symbol | Newtek |
Newtek Business Services Price To Book Ratio
Is Asset Management & Custody Banks 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 Newtek Business. If investors know Newtek 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 Newtek Business 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 0.044 | Dividend Share 0.75 | Earnings Share 1.68 | Revenue Per Share 12.835 | Quarterly Revenue Growth 0.227 |
The market value of Newtek Business Services is measured differently than its book value, which is the value of Newtek that is recorded on the company's balance sheet. Investors also form their own opinion of Newtek Business' value that differs from its market value or its book value, called intrinsic value, which is Newtek Business' 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 Newtek Business' market value can be influenced by many factors that don't directly affect Newtek Business' 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 Newtek Business' value and its price as these two are different measures arrived at by different means. Investors typically determine if Newtek Business is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Newtek Business' 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.
Newtek Business '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 Newtek Business' 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 Newtek Business.
| 11/28/2024 |
| 12/28/2024 |
If you would invest 0.00 in Newtek Business on November 28, 2024 and sell it all today you would earn a total of 0.00 from holding Newtek Business Services or generate 0.0% return on investment in Newtek Business over 30 days. Newtek Business is related to or competes with First Community, Old Point, Oak Valley, Chemung Financial, Home Bancorp, National Bank, and Community West. Newtek Business Services Corp. is a business development company specializing in providing financial and business servic... More
Newtek Business 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 Newtek Business' 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 Newtek Business Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.9 | |||
| Information Ratio | 0.0639 | |||
| Maximum Drawdown | 15.15 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 4.18 |
Newtek Business Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Newtek Business' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Newtek Business' standard deviation. In reality, there are many statistical measures that can use Newtek Business historical prices to predict the future Newtek Business' volatility.| Risk Adjusted Performance | 0.0678 | |||
| Jensen Alpha | 0.1778 | |||
| Total Risk Alpha | 0.1149 | |||
| Sortino Ratio | 0.0865 | |||
| Treynor Ratio | 0.4737 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Newtek Business' 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.
Newtek Business Services Backtested Returns
Currently, Newtek Business Services is not too volatile. Newtek Business Services has Sharpe Ratio of 0.0616, which conveys that the firm had a 0.0616% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Newtek Business, which you can use to evaluate the volatility of the firm. Please verify Newtek Business' Risk Adjusted Performance of 0.0678, mean deviation of 1.73, and Downside Deviation of 1.9 to check out if the risk estimate we provide is consistent with the expected return of 0.16%. Newtek Business has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.39, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Newtek Business' returns are expected to increase less than the market. However, during the bear market, the loss of holding Newtek Business is expected to be smaller as well. Newtek Business Services right now secures a risk of 2.6%. Please verify Newtek Business Services sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to decide if Newtek Business Services will be following its current price movements.
Auto-correlation | 0.76 |
Good predictability
Newtek Business Services has good predictability. Overlapping area represents the amount of predictability between Newtek Business time series from 28th of November 2024 to 13th of December 2024 and 13th of December 2024 to 28th 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 Newtek Business Services price movement. The serial correlation of 0.76 indicates that around 76.0% of current Newtek Business price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Newtek Business Services lagged returns against current returns
Autocorrelation, which is Newtek Business 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 Newtek Business' stock expected returns. We can calculate the autocorrelation of Newtek Business returns to help us make a trade decision. For example, suppose you find that Newtek Business 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 |
Newtek Business 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 Newtek Business stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Newtek Business stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Newtek Business stock over time.
Current vs Lagged Prices |
| Timeline |
Newtek Business Lagged Returns
When evaluating Newtek Business' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Newtek Business stock have on its future price. Newtek Business 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, Newtek Business autocorrelation shows the relationship between Newtek Business stock current value and its past values and can show if there is a momentum factor associated with investing in Newtek Business Services.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Newtek Stock Analysis
When running Newtek Business' price analysis, check to measure Newtek Business' 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 Newtek Business is operating at the current time. Most of Newtek Business' value examination focuses on studying past and present price action to predict the probability of Newtek Business' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newtek Business' price. Additionally, you may evaluate how the addition of Newtek Business to your portfolios can decrease your overall portfolio volatility.