Newtopia Stock Market Value
| NEWUF Stock | USD 0.01 0.00 0.00% |
| Symbol | Newtopia |
Newtopia '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 Newtopia's otc 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 Newtopia.
| 06/07/2024 |
| 12/04/2024 |
If you would invest 0.00 in Newtopia on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding Newtopia or generate 0.0% return on investment in Newtopia over 180 days. Newtopia is related to or competes with EGF Theramed, Cogstate, Forian, Nutex Health, Privia Health, Certara, and HealthStream. Newtopia Inc., a health technology company, delivers disease prevention solutions More
Newtopia 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 Newtopia's otc 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 Newtopia upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 120.57 | |||
| Value At Risk | (1.79) |
Newtopia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Newtopia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Newtopia's standard deviation. In reality, there are many statistical measures that can use Newtopia historical prices to predict the future Newtopia's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (1.59) | |||
| Total Risk Alpha | (3.54) | |||
| Treynor Ratio | (3.37) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Newtopia'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.
Newtopia Backtested Returns
Newtopia has Sharpe Ratio of -0.0262, which conveys that the firm had a -0.0262% return per unit of risk over the last 3 months. Newtopia exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Newtopia's Mean Deviation of 4.59, standard deviation of 14.74, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.46, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Newtopia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Newtopia is expected to be smaller as well. At this point, Newtopia has a negative expected return of -0.28%. Please make sure to verify Newtopia's market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and kurtosis , to decide if Newtopia performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.25 |
Poor predictability
Newtopia has poor predictability. Overlapping area represents the amount of predictability between Newtopia time series from 7th of June 2024 to 5th of September 2024 and 5th of September 2024 to 4th 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 Newtopia price movement. The serial correlation of 0.25 indicates that over 25.0% of current Newtopia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Newtopia lagged returns against current returns
Autocorrelation, which is Newtopia otc 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 Newtopia's otc stock expected returns. We can calculate the autocorrelation of Newtopia returns to help us make a trade decision. For example, suppose you find that Newtopia has exhibited high autocorrelation historically, and you observe that the otc 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 |
Newtopia 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 Newtopia otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Newtopia otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Newtopia otc stock over time.
Current vs Lagged Prices |
| Timeline |
Newtopia Lagged Returns
When evaluating Newtopia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Newtopia otc stock have on its future price. Newtopia 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, Newtopia autocorrelation shows the relationship between Newtopia otc stock current value and its past values and can show if there is a momentum factor associated with investing in Newtopia.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Newtopia OTC Stock
Newtopia financial ratios help investors to determine whether Newtopia OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Newtopia with respect to the benefits of owning Newtopia security.