New Focus Auto Stock Market Value
| NWFAF Stock | USD 0.02 0.01 22.92% |
| Symbol | New |
New Focus '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 Focus' pink sheet 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 Focus.
| 05/01/2023 |
| 04/25/2024 |
If you would invest 0.00 in New Focus on May 1, 2023 and sell it all today you would earn a total of 0.00 from holding New Focus Auto or generate 0.0% return on investment in New Focus over 360 days. New Focus is related to or competes with ProSiebenSat1 Media, IHeartMedia, ITV PLC, Disney, Verizon Communications, JPMorgan Chase, and American Express. New Focus Auto Tech Holdings Limited, an investment holding company, engages in the manufacture and sale of electronic a... More
New Focus 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 Focus' pink sheet 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 Focus Auto upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0048 | |||
| Maximum Drawdown | 57.0 |
New Focus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Focus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Focus' standard deviation. In reality, there are many statistical measures that can use New Focus historical prices to predict the future New Focus' volatility.| Risk Adjusted Performance | 0.0234 | |||
| Jensen Alpha | 0.1308 | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.45) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of New Focus' 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.
New Focus Auto Backtested Returns
New Focus Auto has Sharpe Ratio of -0.0401, which conveys that the firm had a -0.0401% return per unit of risk over the last 3 months. New Focus exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify New Focus' Mean Deviation of 1.03, standard deviation of 5.11, and Risk Adjusted Performance of 0.0234 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning New Focus are expected to decrease at a much lower rate. During the bear market, New Focus is likely to outperform the market. New Focus Auto has an expected return of -0.24%. Please make sure to verify New Focus Auto standard deviation, kurtosis, period momentum indicator, as well as the relationship between the jensen alpha and day median price , to decide if New Focus Auto performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.03 |
Virtually no predictability
New Focus Auto has virtually no predictability. Overlapping area represents the amount of predictability between New Focus time series from 1st of May 2023 to 28th of October 2023 and 28th of October 2023 to 25th 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 Focus Auto price movement. The serial correlation of 0.03 indicates that only 3.0% of current New Focus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
New Focus Auto lagged returns against current returns
Autocorrelation, which is New Focus pink sheet'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 Focus' pink sheet expected returns. We can calculate the autocorrelation of New Focus returns to help us make a trade decision. For example, suppose you find that New Focus has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Focus 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 Focus pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Focus pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New Focus pink sheet over time.
Current vs Lagged Prices |
| Timeline |
New Focus Lagged Returns
When evaluating New Focus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New Focus pink sheet have on its future price. New Focus 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 Focus autocorrelation shows the relationship between New Focus pink sheet current value and its past values and can show if there is a momentum factor associated with investing in New Focus Auto.
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 Focus 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 Focus' short interest history, or implied volatility extrapolated from New Focus options trading.
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Try AI Portfolio ArchitectCheck out New Focus Correlation, New Focus Volatility and New Focus Alpha and Beta module to complement your research on New Focus. Note that the New Focus Auto information on this page should be used as a complementary analysis to other New Focus' 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for New Pink Sheet analysis
When running New Focus' price analysis, check to measure New Focus' 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 Focus is operating at the current time. Most of New Focus' value examination focuses on studying past and present price action to predict the probability of New Focus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Focus' price. Additionally, you may evaluate how the addition of New Focus to your portfolios can decrease your overall portfolio volatility.
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