Newmarket Stock Price on February 26, 2024
| NEU Stock | USD 546.89 7.37 1.37% |
Below is the normalized historical share price chart for NewMarket extending back to November 05, 1984. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of NewMarket stands at 546.89, as last reported on the 6th of May, with the highest price reaching 549.07 and the lowest price hitting 541.75 during the day.
If you're considering investing in NewMarket Stock, it is important to understand the factors that can impact its price. NewMarket has Sharpe Ratio of -0.0487, which conveys that the firm had a -0.0487% return per unit of risk over the last 3 months. NewMarket exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NewMarket's Risk Adjusted Performance of 0.0021, standard deviation of 1.63, and Mean Deviation of 0.9936 to check out the risk estimate we provide.
At this time, NewMarket's Total Stockholder Equity is comparatively stable compared to the past year. Common Stock Shares Outstanding is likely to gain to about 14 M in 2024, whereas Common Stock is likely to drop slightly above 1.8 M in 2024. . At this time, NewMarket's Price To Sales Ratio is comparatively stable compared to the past year. Price To Operating Cash Flows Ratio is likely to gain to 9.38 in 2024, whereas Price Earnings To Growth Ratio is likely to drop 0.19 in 2024. NewMarket Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 6th of August 1985 | 200 Day MA 530.0295 | 50 Day MA 606.2778 | Beta 0.467 |
NewMarket |
Sharpe Ratio = -0.0487
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| Negative Returns | NEU |
Estimated Market Risk
| 1.44 actual daily | 12 88% of assets are more volatile |
Expected Return
| -0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NewMarket 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 NewMarket by adding NewMarket to a well-diversified portfolio.
Price Book 5.2773 | Enterprise Value Ebitda 10.4341 | Price Sales 2.1064 | Shares Float 7.3 M | Dividend Share 9.25 |
NewMarket Valuation on February 26, 2024
It is possible to determine the worth of NewMarket on a given historical date. On February 26, 2024 NewMarket was worth 632.52 at the beginning of the trading date compared to the closed value of 628.91. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NewMarket stock. Still, in general, we apply an absolute valuation method to find NewMarket's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of NewMarket where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NewMarket's related companies.
| Open | High | Low | Close | Volume | |
| 625.92 | 633.55 | 620.16 | 629.31 | 34,379 | |
02/26/2024 | 632.52 | 634.68 | 619.39 | 628.91 | 47,008 |
| 630.01 | 636.66 | 630.01 | 633.73 | 34,783 |
| Backtest NewMarket | | | NewMarket History | | | NewMarket Valuation | Previous | Next |
NewMarket Trading Date Momentum on February 26, 2024
| On February 27 2024 NewMarket was traded for 633.73 at the closing time. Highest NewMarket's price during the trading hours was 636.66 and the lowest price during the day was 630.01 . The net volume was 34.8 K. The overall trading history on the 27th of February contributed to the next trading period price appreciation. The trading delta at closing time to the next next day price was 0.77% . The trading delta at closing time to current price is 0.47% . |
NewMarket Fundamentals Correlations and Trends
By evaluating NewMarket's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among NewMarket's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. NewMarket financial account trend analysis is a perfect complement when working with valuation or volatility modules.About NewMarket Stock history
NewMarket investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for NewMarket is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NewMarket will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing NewMarket stock prices may prove useful in developing a viable investing in NewMarket
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 9.6 M | 14 M | |
| Net Income Applicable To Common Shares | 321.5 M | 178.1 M |
NewMarket Quarterly Net Working Capital |
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NewMarket Stock Technical Analysis
NewMarket 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.
Price Boundaries
NewMarket Period Price Range
Low | February 26, 2024
| High |
632.52 | 628.91 |
NewMarket May 6, 2024 Market Strength
Market strength indicators help investors to evaluate how NewMarket stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NewMarket shares will generate the highest return on investment. By undertsting and applying NewMarket stock market strength indicators, traders can identify NewMarket entry and exit signals to maximize returns
| Accumulation Distribution | 1132.46 | |||
| Daily Balance Of Power | (0.24) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 627.04 | |||
| Day Typical Price | 627.66 | |||
| Market Facilitation Index | 3.0E-4 | |||
| Price Action Indicator | 0.07 | |||
| Period Momentum Indicator | (82.02) | |||
| Relative Strength Index | 25.74 |
NewMarket Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NewMarket's price direction in advance. Along with the technical and fundamental analysis of NewMarket Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NewMarket to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0021 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.02) |
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| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NewMarket. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For more information on how to buy NewMarket Stock please use our How to Invest in NewMarket guide.Note that the NewMarket information on this page should be used as a complementary analysis to other NewMarket'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 NewMarket Stock analysis
When running NewMarket's price analysis, check to measure NewMarket'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 NewMarket is operating at the current time. Most of NewMarket's value examination focuses on studying past and present price action to predict the probability of NewMarket's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NewMarket's price. Additionally, you may evaluate how the addition of NewMarket to your portfolios can decrease your overall portfolio volatility.
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Is NewMarket's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NewMarket. If investors know NewMarket will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NewMarket listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.114 | Dividend Share 9.25 | Earnings Share 41.56 | Revenue Per Share 281.584 | Quarterly Revenue Growth (0.01) |
The market value of NewMarket is measured differently than its book value, which is the value of NewMarket that is recorded on the company's balance sheet. Investors also form their own opinion of NewMarket's value that differs from its market value or its book value, called intrinsic value, which is NewMarket's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NewMarket's market value can be influenced by many factors that don't directly affect NewMarket's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NewMarket's value and its price as these two are different measures arrived at by different means. Investors typically determine if NewMarket is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NewMarket'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.