New World Development Stock Market Value
| NWWDF Stock | USD 1.07 0.01 0.93% |
| 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 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 World.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in New World on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding New World Development or generate 0.0% return on investment in New World over 30 days. New World is related to or competes with Comstock Holding, St Joe, Stratus Properties, HUMANA, Barloworld, Thrivent High, and Morningstar Unconstrained. 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 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 World Development upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 20.41 |
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 | (0.09) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | (3.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of New World'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.
New World Development Backtested Returns
New World Development has Sharpe Ratio of -0.17, which conveys that the firm had a -0.17% return per unit of risk over the last 3 months. New World exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify New World's Risk Adjusted Performance of (0.09), mean deviation of 0.8656, and Standard Deviation of 2.71 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, New World's returns are expected to increase less than the market. However, during the bear market, the loss of holding New World is expected to be smaller as well. New World Development has an expected return of -0.47%. Please make sure to verify New World Development variance, as well as the relationship between the skewness and day median price , to decide if New World Development performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.1 |
Very weak reverse predictability
New World Development has very weak reverse predictability. Overlapping area represents the amount of predictability between New World time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 World Development price movement. The serial correlation of -0.1 indicates that less than 10.0% of current New World price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
New World Development lagged returns against current returns
Autocorrelation, which is New World 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 World's pink sheet 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 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 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New World 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 World pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in New World Development.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out New World Correlation, New World Volatility and New World Alpha and Beta module to complement your research on New World. Note that the New World Development information on this page should be used as a complementary analysis to other New World'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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for New Pink Sheet analysis
When running New World's price analysis, check to measure New World'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 World is operating at the current time. Most of New World's value examination focuses on studying past and present price action to predict the probability of New World'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 World's price. Additionally, you may evaluate how the addition of New World to your portfolios can decrease your overall portfolio volatility.
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Stocks Directory Find actively traded stocks across global markets | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios |
New World technical pink sheet 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, pink sheet market cycles, or different charting patterns.