NEW WORLD (Germany) Market Value
| NWDA Stock | EUR 0.64 0.01 1.54% |
| Symbol | NEW |
NEW WORLD '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 WORLD'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 NEW WORLD.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in NEW WORLD on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding NEW WORLD DEVCO or generate 0.0% return on investment in NEW WORLD over 180 days. NEW WORLD is related to or competes with OPEN HOUSE, AEON MALL, Hufvudstaden, FRASERS PROPERTY, Immofinanz, and GuocoLand. New World Development Company Limited, an investment holding company, engages in the property development and investment... More
NEW WORLD 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 WORLD'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 NEW WORLD DEVCO upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 28.06 | |||
| Value At Risk | (5.80) | |||
| Potential Upside | 3.37 |
NEW WORLD Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEW WORLD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEW WORLD's standard deviation. In reality, there are many statistical measures that can use NEW WORLD historical prices to predict the future NEW WORLD's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (0.42) |
NEW WORLD DEVCO Backtested Returns
NEW WORLD DEVCO has Sharpe Ratio of -0.11, which conveys that the firm had a -0.11% return per unit of standard deviation over the last 3 months. NEW WORLD exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NEW WORLD's Market Risk Adjusted Performance of (0.41), mean deviation of 2.52, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.0, which conveys a somewhat significant risk relative to the market. NEW WORLD returns are very sensitive to returns on the market. As the market goes up or down, NEW WORLD is expected to follow. At this point, NEW WORLD DEVCO has a negative expected return of -0.43%. Please make sure to verify NEW WORLD's kurtosis, daily balance of power, and the relationship between the skewness and accumulation distribution , to decide if NEW WORLD DEVCO performance from the past will be repeated at future time.
Auto-correlation | 0.38 |
Below average predictability
NEW WORLD DEVCO has below average predictability. Overlapping area represents the amount of predictability between NEW WORLD time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd 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 NEW WORLD DEVCO price movement. The serial correlation of 0.38 indicates that just about 38.0% of current NEW WORLD price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
NEW WORLD DEVCO lagged returns against current returns
Autocorrelation, which is NEW WORLD 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 NEW WORLD's stock expected returns. We can calculate the autocorrelation of NEW WORLD returns to help us make a trade decision. For example, suppose you find that NEW WORLD 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 |
NEW WORLD 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 WORLD stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEW WORLD stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NEW WORLD stock over time.
Current vs Lagged Prices |
| Timeline |
NEW WORLD Lagged Returns
When evaluating NEW WORLD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEW WORLD stock have on its future price. NEW WORLD 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 WORLD autocorrelation shows the relationship between NEW WORLD stock current value and its past values and can show if there is a momentum factor associated with investing in NEW WORLD DEVCO.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NEW Stock
NEW WORLD financial ratios help investors to determine whether NEW 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 NEW with respect to the benefits of owning NEW WORLD security.