Newmarket Stock Market Value
NEU Stock | USD 615.20 7.54 1.21% |
Symbol | NewMarket |
NewMarket Price To Book Ratio
Is NewMarket's industry 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 NewMarket. If investors know NewMarket 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 NewMarket listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.1) | Dividend Share 8.85 | Earnings Share 40.42 | Revenue Per Share 281.584 | Quarterly Revenue Growth (0.06) |
The market value of NewMarket is measured differently than its book value, which is the value of NewMarket that is recorded on the company's balance sheet. Investors also form their own opinion of NewMarket's value that differs from its market value or its book value, called intrinsic value, which is NewMarket'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 NewMarket's market value can be influenced by many factors that don't directly affect NewMarket'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 NewMarket's value and its price as these two are different measures arrived at by different means. Investors typically determine if NewMarket is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NewMarket'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.
NewMarket '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 NewMarket'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 NewMarket.
03/25/2023 |
| 03/19/2024 |
If you would invest 0.00 in NewMarket on March 25, 2023 and sell it all today you would earn a total of 0.00 from holding NewMarket or generate 0.0% return on investment in NewMarket over 360 days. NewMarket is related to or competes with Air Products, Chemours, Dupont De, Ecovyst, Select Energy, and 5E Advanced. NewMarket Corporation, through its subsidiaries, engages in the petroleum additives business More
NewMarket 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 NewMarket'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 NewMarket upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.1 | |||
Information Ratio | 0.0453 | |||
Maximum Drawdown | 8.46 | |||
Value At Risk | (1.59) | |||
Potential Upside | 2.05 |
NewMarket Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NewMarket's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NewMarket's standard deviation. In reality, there are many statistical measures that can use NewMarket historical prices to predict the future NewMarket's volatility.Risk Adjusted Performance | 0.1019 | |||
Jensen Alpha | 0.096 | |||
Total Risk Alpha | (0.09) | |||
Sortino Ratio | 0.0549 | |||
Treynor Ratio | 0.2644 |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of NewMarket'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. Please use the tools below to analyze the current value of NewMarket in the context of predictive analytics.
NewMarket Backtested Returns
NewMarket appears to be very steady, given 3 months investment horizon. NewMarket has Sharpe Ratio of 0.15, which conveys that the firm had 0.15% return per unit of risk over the last 3 months. Our standpoint towards estimating the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found thirty technical indicators for NewMarket, which you can use to evaluate the future volatility of the firm. Please exercise NewMarket's Risk Adjusted Performance of 0.1019, mean deviation of 0.9388, and Downside Deviation of 1.1 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NewMarket holds a performance score of 11. The company secures a Beta (Market Risk) of 0.73, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NewMarket returns are expected to increase less than the market. However, during the bear market, the loss on holding NewMarket will be expected to be smaller as well. Although it is important to respect NewMarket price patterns, it is better to be realistic regarding the information on the equity's historical price patterns. Please exercises NewMarket downside variance, as well as the relationship between the accumulation distribution and market facilitation index to make a quick decision on whether NewMarket current price movements will revert.
Auto-correlation | 0.92 |
Excellent predictability
NewMarket has excellent predictability. Overlapping area represents the amount of predictability between NewMarket time series from 25th of March 2023 to 21st of September 2023 and 21st of September 2023 to 19th of March 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 NewMarket price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current NewMarket price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.92 | |
Spearman Rank Test | 0.93 | |
Residual Average | 0.0 | |
Price Variance | 3611.23 |
NewMarket lagged returns against current returns
Autocorrelation, which is NewMarket 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 NewMarket's stock expected returns. We can calculate the autocorrelation of NewMarket returns to help us make a trade decision. For example, suppose you find that NewMarket stock 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 stock movement to match the lagging time series.
Current and Lagged Values |
Timeline |
NewMarket 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 NewMarket stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NewMarket stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NewMarket stock over time.
Current vs Lagged Prices |
Timeline |
NewMarket Lagged Returns
When evaluating NewMarket's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NewMarket stock have on its future price. NewMarket 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, NewMarket autocorrelation shows the relationship between NewMarket stock current value and its past values and can show if there is a momentum factor associated with investing in NewMarket.
Regressed Prices |
Timeline |
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Try AI Portfolio ArchitectCheck out NewMarket Correlation, NewMarket Volatility and NewMarket Alpha and Beta module to complement your research on NewMarket. For more information on how to buy NewMarket Stock please use our How to Invest in NewMarket guide.Note that the NewMarket information on this page should be used as a complementary analysis to other NewMarket's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for NewMarket Stock analysis
When running NewMarket's price analysis, check to measure NewMarket'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 NewMarket is operating at the current time. Most of NewMarket's value examination focuses on studying past and present price action to predict the probability of NewMarket's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NewMarket's price. Additionally, you may evaluate how the addition of NewMarket to your portfolios can decrease your overall portfolio volatility.
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Fundamental Analysis View fundamental data based on most recent published financial statements |
NewMarket 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.