Newcardio Stock Market Value
| NWCI Stock | USD 0.00001 0.00 0.00% |
| Symbol | NewCardio |
NewCardio Price To Book Ratio
Is Health Care Technology 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 NewCardio. If investors know NewCardio 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 NewCardio 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 NewCardio is measured differently than its book value, which is the value of NewCardio that is recorded on the company's balance sheet. Investors also form their own opinion of NewCardio's value that differs from its market value or its book value, called intrinsic value, which is NewCardio'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 NewCardio's market value can be influenced by many factors that don't directly affect NewCardio'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 NewCardio's value and its price as these two are different measures arrived at by different means. Investors typically determine if NewCardio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NewCardio'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.
NewCardio '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 NewCardio'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 NewCardio.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in NewCardio on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding NewCardio or generate 0.0% return on investment in NewCardio over 90 days. NewCardio is related to or competes with CVRx, Bone Biologics, Delcath Systems, and Heart Test. NewCardio, Inc., a cardiac diagnostic and services company, focuses on the research, development, and commercialization ... More
NewCardio 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 NewCardio'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 NewCardio upside and downside potential and time the market with a certain degree of confidence.
NewCardio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NewCardio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NewCardio's standard deviation. In reality, there are many statistical measures that can use NewCardio historical prices to predict the future NewCardio's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NewCardio'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.
NewCardio Backtested Returns
We have found two technical indicators for NewCardio, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and NewCardio are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
NewCardio has no correlation between past and present. Overlapping area represents the amount of predictability between NewCardio time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 NewCardio price movement. The serial correlation of 0.0 indicates that just 0.0% of current NewCardio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NewCardio lagged returns against current returns
Autocorrelation, which is NewCardio 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 NewCardio's stock expected returns. We can calculate the autocorrelation of NewCardio returns to help us make a trade decision. For example, suppose you find that NewCardio 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 |
NewCardio 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 NewCardio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NewCardio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NewCardio stock over time.
Current vs Lagged Prices |
| Timeline |
NewCardio Lagged Returns
When evaluating NewCardio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NewCardio stock have on its future price. NewCardio 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, NewCardio autocorrelation shows the relationship between NewCardio stock current value and its past values and can show if there is a momentum factor associated with investing in NewCardio.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether NewCardio offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NewCardio's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Newcardio Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Newcardio Stock:Check out NewCardio Correlation, NewCardio Volatility and NewCardio Alpha and Beta module to complement your research on NewCardio. For more detail on how to invest in NewCardio Stock please use our How to Invest in NewCardio guide.You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
NewCardio 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.