New Hope (Australia) Performance

NHC Stock   4.62  0.04  0.86%   
The company secures a Beta (Market Risk) of 0.82, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, New Hope's returns are expected to increase less than the market. However, during the bear market, the loss of holding New Hope is expected to be smaller as well. New Hope has an expected return of -0.14%. Please make sure to verify New Hope potential upside, kurtosis, rate of daily change, as well as the relationship between the skewness and daily balance of power , to decide if New Hope performance from the past will be repeated at some point in the near future.

Risk-Adjusted Performance

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Over the last 90 days New Hope has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest weak performance, the Stock's fundamental indicators remain stable and the newest uproar on Wall Street may also be a sign of mid-term gains for the firm private investors. ...more
Forward Dividend Yield
0.073
Payout Ratio
0.9895
Last Split Factor
1.0232:1
Forward Dividend Rate
0.34
Ex Dividend Date
2024-04-15
1
New Hope Network Announces Natural Product Trends for 2024 - Markets Insider
02/08/2024
2
New Hope Corp Ltds Dividend Analysis - Yahoo Canada Finance
04/15/2024
Begin Period Cash Flow715.7 M
Total Cashflows From Investing Activities-98.3 M
  

New Hope Relative Risk vs. Return Landscape

If you would invest  509.00  in New Hope on January 24, 2024 and sell it today you would lose (47.00) from holding New Hope or give up 9.23% of portfolio value over 90 days. New Hope is producing return of less than zero assuming 2.0054% volatility of returns over the 90 days investment horizon. Simply put, 17% of all stocks have less volatile historical return distribution than New Hope, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
  Expected Return   
       Risk  
Assuming the 90 days trading horizon New Hope is expected to under-perform the market. In addition to that, the company is 3.19 times more volatile than its market benchmark. It trades about -0.07 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.13 per unit of volatility.

New Hope Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for New Hope's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as New Hope, and traders can use it to determine the average amount a New Hope'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 = -0.0679

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Estimated Market Risk

 2.01
  actual daily
17
83% of assets are more volatile

Expected Return

 -0.14
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.07
  actual daily
0
Most of other assets perform better
Based on monthly moving average New Hope is not performing at its full potential. However, 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 Hope by adding New Hope to a well-diversified portfolio.

New Hope Fundamentals Growth

New Stock prices reflect investors' perceptions of the future prospects and financial health of New Hope, and New Hope 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.

About New Hope Performance

To evaluate New Hope Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when New Hope generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare New Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand New Hope market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents New's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
New Hope is entity of Australia. It is traded as Stock on AU exchange.

Things to note about New Hope performance evaluation

Checking the ongoing alerts about New Hope for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for New Hope help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
New Hope generated a negative expected return over the last 90 days
New Hope is unlikely to experience financial distress in the next 2 years
About 59.0% of the company shares are owned by institutional investors
Latest headline from news.google.com: New Hope Corp Ltds Dividend Analysis - Yahoo Canada Finance
Evaluating New Hope's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate New Hope's stock performance include:
  • Analyzing New Hope'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 Hope's stock is overvalued or undervalued compared to its peers.
  • Examining New Hope'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 Hope's management team can have a significant impact on its success or failure. Reviewing the track record and experience of New Hope's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of New Hope's stock. These opinions can provide insight into New Hope's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating New Hope's stock performance is not an exact science, and many factors can impact New Hope's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Hope. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

Complementary Tools for New Stock analysis

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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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.