New Hope (Australia) Today

NHC Stock   5.20  0.07  1.33%   


16 of 100


Odds Of Distress

Less than 1

Very Small
New Hope is selling for under 5.20 as of the 30th of November 2023; that is -1.33 percent down since the beginning of the trading day. The stock's last reported lowest price was 5.15. New Hope has a very small chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for New Hope are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of October 2023 and ending today, the 30th of November 2023. Click here to learn more.
Business Domain
New Hope is entity of Australia. It is traded as Stock on AU exchange. The company has 845.34 M outstanding shares. More on New Hope

Moving together with New Stock

+0.72WDSWoodside Energy GroupPairCorr
+0.71AJQArmour EnergyPairCorr

Moving against New Stock

-0.88AZSAzure MineralsPairCorr
-0.52VEAViva Energy GroupPairCorr
-0.45ODYOdyssey EnergyPairCorr
-0.42MYEMetarock GroupPairCorr

New Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. New Hope's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding New Hope or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Business ConcentrationOil, Gas & Consumable Fuels, Thermal Coal, Energy (View all Sectors)
Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of New Hope's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyUndervalued
New Hope (NHC) is traded on Australia Exchange in Australia and employs 3 people. New Hope is listed under Oil, Gas & Consumable Fuels category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 4.45 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate New Hope's market, we take the total number of its shares issued and multiply it by New Hope's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. New Hope operates under Oil, Gas & Consumable Fuels sector and is part of Energy industry. The entity has 845.34 M outstanding shares. New Hope generates positive cash flow from operations, but has no cash available
Check New Hope Probability Of Bankruptcy
New Hope maintains a total of eight hundred fourty-five million three hundred thirty-five thousand four hundred sixty-four outstanding shares. Over half of New Hope outstanding shares are owned by institutional investors. These institutional investors are typically referred to corporate investors that shop for positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulation than regular investors in New Hope. Please watch out for any change in the institutional holdings of New Hope as this could mean something significant has changed or about to change at the company. Please note that no matter how much assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.

Ownership Allocation

Check New Ownership Details

New Stock Price Odds Analysis

Attributed to a normal probability distribution, the odds of New Hope jumping above the current price in 90 days from now is under 95%. The New Hope probability density function shows the probability of New Hope stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon New Hope has a beta of 0.2555. This indicates as returns on the market go up, New Hope average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding New Hope will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. New Hope is significantly underperforming NYSE Composite.
  Odds Below 5.2HorizonTargetOdds Above 5.2
5.84%90 days
Based on a normal probability distribution, the odds of New Hope to move above the current price in 90 days from now is under 95 (This New Hope probability density function shows the probability of New Stock to fall within a particular range of prices over 90 days) .

New Hope Historical Income Statement

New Hope Income Statement is one of the three primary financial statements used for reporting New's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of New Hope revenue and expense. New Hope Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, New Hope's Net Income is comparatively stable as compared to the past year. Operating Income is likely to gain to about 176.9 M in 2023, whereas Direct Expenses is likely to drop slightly above 503.2 M in 2023. View More Fundamentals

New Stock Against Markets

Picking the right benchmark for New Hope stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in New Hope stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for New Hope is critical whether you are bullish or bearish towards New Hope at a given time. Please also check how New Hope's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in New Hope without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy New Stock?

Before investing in New Hope, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in New Hope. To buy New Hope stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of New Hope. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase New Hope stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located New Hope stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased New Hope stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as New Hope, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in New Hope?

The danger of trading New Hope is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of New Hope is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than New Hope. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile New Hope is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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.