NEW MILLENNIUM (Germany) Performance
| 36N Stock | EUR 7.95 0.55 7.43% |
NEW MILLENNIUM has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.74, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NEW MILLENNIUM's returns are expected to increase less than the market. However, during the bear market, the loss of holding NEW MILLENNIUM is expected to be smaller as well. NEW MILLENNIUM IRON currently secures a risk of 2.69%. Please verify NEW MILLENNIUM IRON sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if NEW MILLENNIUM IRON will be following its current price movements.
Risk-Adjusted Performance
4 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in NEW MILLENNIUM IRON are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of rather uncertain basic indicators, NEW MILLENNIUM may actually be approaching a critical reversion point that can send shares even higher in February 2025. ...more
| Begin Period Cash Flow | 8.9 M | |
| Free Cash Flow | -11 M |
NEW |
NEW MILLENNIUM Relative Risk vs. Return Landscape
If you would invest 745.00 in NEW MILLENNIUM IRON on October 6, 2024 and sell it today you would earn a total of 50.00 from holding NEW MILLENNIUM IRON or generate 6.71% return on investment over 90 days. NEW MILLENNIUM IRON is generating 0.1435% of daily returns assuming 2.6922% volatility of returns over the 90 days investment horizon. Simply put, 23% of all stocks have less volatile historical return distribution than NEW MILLENNIUM, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
NEW MILLENNIUM Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEW MILLENNIUM's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as NEW MILLENNIUM IRON, and traders can use it to determine the average amount a NEW MILLENNIUM's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0533
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | 36N | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.69 actual daily | 23 77% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average NEW MILLENNIUM is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NEW MILLENNIUM by adding it to a well-diversified portfolio.
NEW MILLENNIUM Fundamentals Growth
NEW Stock prices reflect investors' perceptions of the future prospects and financial health of NEW MILLENNIUM, and NEW MILLENNIUM fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on NEW Stock performance.
| Current Valuation | 134.11 M | |||
| Price To Book | 10.39 X | |||
| EBITDA | (12.91 M) | |||
| Cash Flow From Operations | (10.96 M) | |||
| Total Asset | 29.29 M | |||
About NEW MILLENNIUM Performance
By analyzing NEW MILLENNIUM's fundamental ratios, stakeholders can gain valuable insights into NEW MILLENNIUM's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if NEW MILLENNIUM has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if NEW MILLENNIUM has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Things to note about NEW MILLENNIUM IRON performance evaluation
Checking the ongoing alerts about NEW MILLENNIUM for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for NEW MILLENNIUM IRON help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| NEW MILLENNIUM IRON has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (11.93 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| NEW MILLENNIUM generates negative cash flow from operations |
- Analyzing NEW MILLENNIUM's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether NEW MILLENNIUM's stock is overvalued or undervalued compared to its peers.
- Examining NEW MILLENNIUM's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating NEW MILLENNIUM's management team can have a significant impact on its success or failure. Reviewing the track record and experience of NEW MILLENNIUM's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of NEW MILLENNIUM's stock. These opinions can provide insight into NEW MILLENNIUM's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for NEW Stock analysis
When running NEW MILLENNIUM's price analysis, check to measure NEW MILLENNIUM's 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 NEW MILLENNIUM is operating at the current time. Most of NEW MILLENNIUM's value examination focuses on studying past and present price action to predict the probability of NEW MILLENNIUM's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NEW MILLENNIUM's price. Additionally, you may evaluate how the addition of NEW MILLENNIUM to your portfolios can decrease your overall portfolio volatility.
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets |