New Hope (Australia) Market Value

NHC Stock   4.64  0.04  0.85%   
New Hope's market value is the price at which a share of New Hope trades on a public exchange. It measures the collective expectations of New Hope investors about its performance. New Hope is selling for under 4.64 as of the 16th of April 2024; that is -0.85 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 4.58.
With this module, you can estimate the performance of a buy and hold strategy of New Hope and determine expected loss or profit from investing in New Hope over a given investment horizon. Check out New Hope Correlation, New Hope Volatility and New Hope Alpha and Beta module to complement your research on New Hope.
Symbol

Please note, there is a significant difference between New Hope's value and its price as these two are different measures arrived at by different means. Investors typically determine if New Hope is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Hope'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.

New Hope '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 Hope'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 Hope.
0.00
03/17/2024
No Change 0.00  0.0 
In 30 days
04/16/2024
0.00
If you would invest  0.00  in New Hope on March 17, 2024 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 Hope over 30 days. New Hope is related to or competes with Westpac Banking, Seven Group, Origin Energy, and Wam Capital. New Hope is entity of Australia. It is traded as Stock on AU exchange. More

New Hope 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 Hope'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 Hope upside and downside potential and time the market with a certain degree of confidence.

New Hope Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for New Hope's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Hope's standard deviation. In reality, there are many statistical measures that can use New Hope historical prices to predict the future New Hope's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of New Hope'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.
Hype
Prediction
LowEstimatedHigh
2.554.616.67
Details
Intrinsic
Valuation
LowRealHigh
1.813.875.93
Details
Naive
Forecast
LowNextHigh
2.774.826.88
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.120.140.17
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as New Hope. Your research has to be compared to or analyzed against New Hope's peers to derive any actionable benefits. When done correctly, New Hope's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in New Hope.

New Hope Backtested Returns

New Hope has Sharpe Ratio of -0.0498, which conveys that the firm had a -0.0498% return per unit of risk over the last 3 months. New Hope exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify New Hope's Mean Deviation of 1.48, risk adjusted performance of (0.03), and Standard Deviation of 2.02 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning New Hope are expected to decrease at a much lower rate. During the bear market, New Hope is likely to outperform the market. New Hope has an expected return of -0.1%. Please make sure to verify New Hope kurtosis, daily balance of power, and the relationship between the skewness and accumulation distribution , to decide if New Hope performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.02  

Very weak reverse predictability

New Hope has very weak reverse predictability. Overlapping area represents the amount of predictability between New Hope time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th of April 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 Hope price movement. The serial correlation of -0.02 indicates that only 2.0% of current New Hope price fluctuation can be explain by its past prices.
Correlation Coefficient-0.02
Spearman Rank Test0.19
Residual Average0.0
Price Variance0.01

New Hope lagged returns against current returns

Autocorrelation, which is New Hope 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 Hope's stock expected returns. We can calculate the autocorrelation of New Hope returns to help us make a trade decision. For example, suppose you find that New Hope 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 Hope 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 Hope stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Hope stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New Hope stock over time.
   Current vs Lagged Prices   
       Timeline  

New Hope Lagged Returns

When evaluating New Hope's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New Hope stock have on its future price. New Hope 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 Hope autocorrelation shows the relationship between New Hope stock current value and its past values and can show if there is a momentum factor associated with investing in New Hope.
   Regressed Prices   
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards New Hope in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, New Hope's short interest history, or implied volatility extrapolated from New Hope options trading.

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Check out New Hope Correlation, New Hope Volatility and New Hope Alpha and Beta module to complement your research on New Hope.
Note that the New Hope information on this page should be used as a complementary analysis to other New Hope'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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

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When running New Hope's price analysis, check to measure New Hope'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 Hope is operating at the current time. Most of New Hope's value examination focuses on studying past and present price action to predict the probability of New Hope'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 Hope's price. Additionally, you may evaluate how the addition of New Hope to your portfolios can decrease your overall portfolio volatility.
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New Hope 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.
A focus of New Hope technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of New Hope trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...