New Hope Stock Market Value
| NHPEF Stock | USD 2.25 0.00 0.00% |
| Symbol | New |
New HopeLtd '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 HopeLtd's pink sheet 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 HopeLtd.
| 01/11/2025 |
| 03/12/2025 |
If you would invest 0.00 in New HopeLtd on January 11, 2025 and sell it all today you would earn a total of 0.00 from holding New Hope or generate 0.0% return on investment in New HopeLtd over 60 days. New HopeLtd is related to or competes with Whitehaven Coal, Adaro Energy, Thungela Resources, Yanzhou Coal, China Shenhua, Yanzhou Coal, and China Coal. New Hope Corporation Limited explores for, develops, produces, and processes coal, and oil and gas properties More
New HopeLtd 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 HopeLtd's pink sheet 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 Hope upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 26.55 | |||
| Value At Risk | (7.38) | |||
| Potential Upside | 7.83 |
New HopeLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New HopeLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New HopeLtd's standard deviation. In reality, there are many statistical measures that can use New HopeLtd historical prices to predict the future New HopeLtd's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | 0.2282 | |||
| Treynor Ratio | 7.68 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of New HopeLtd'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.
New HopeLtd Backtested Returns
New HopeLtd has Sharpe Ratio of -0.0606, which conveys that the firm had a -0.0606 % return per unit of risk over the last 3 months. New HopeLtd exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify New HopeLtd's Standard Deviation of 4.09, risk adjusted performance of (0.08), and Mean Deviation of 2.39 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0547, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning New HopeLtd are expected to decrease at a much lower rate. During the bear market, New HopeLtd is likely to outperform the market. At this point, New HopeLtd has a negative expected return of -0.25%. Please make sure to verify New HopeLtd's jensen alpha, and the relationship between the standard deviation and potential upside , to decide if New HopeLtd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
New Hope has insignificant reverse predictability. Overlapping area represents the amount of predictability between New HopeLtd time series from 11th of January 2025 to 10th of February 2025 and 10th of February 2025 to 12th of March 2025. 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 HopeLtd price movement. The serial correlation of -0.13 indicates that less than 13.0% of current New HopeLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
New HopeLtd lagged returns against current returns
Autocorrelation, which is New HopeLtd pink sheet'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 HopeLtd's pink sheet expected returns. We can calculate the autocorrelation of New HopeLtd returns to help us make a trade decision. For example, suppose you find that New HopeLtd has exhibited high autocorrelation historically, and you observe that the pink sheet 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 HopeLtd 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 HopeLtd pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New HopeLtd pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New HopeLtd pink sheet over time.
Current vs Lagged Prices |
| Timeline |
New HopeLtd Lagged Returns
When evaluating New HopeLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New HopeLtd pink sheet have on its future price. New HopeLtd 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 HopeLtd autocorrelation shows the relationship between New HopeLtd pink sheet current value and its past values and can show if there is a momentum factor associated with investing in New Hope.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in New Pink Sheet
New HopeLtd financial ratios help investors to determine whether New Pink Sheet 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 New with respect to the benefits of owning New HopeLtd security.