NEWGOLD EXCHANGE's market value is the price at which a share of NEWGOLD EXCHANGE trades on a public exchange. It measures the collective expectations of NEWGOLD EXCHANGE TRADED investors about its performance. NEWGOLD EXCHANGE is trading at 51200.00 as of the 20th of August 2025, a 6.91 percent decrease since the beginning of the trading day. The stock's lowest day price was 51200.0. With this module, you can estimate the performance of a buy and hold strategy of NEWGOLD EXCHANGE TRADED and determine expected loss or profit from investing in NEWGOLD EXCHANGE over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Symbol
NEWGOLD
NEWGOLD EXCHANGE '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 NEWGOLD EXCHANGE's stock 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 NEWGOLD EXCHANGE.
0.00
06/21/2025
No Change 0.00
0.0
In 2 months and 1 day
08/20/2025
0.00
If you would invest 0.00 in NEWGOLD EXCHANGE on June 21, 2025 and sell it all today you would earn a total of 0.00 from holding NEWGOLD EXCHANGE TRADED or generate 0.0% return on investment in NEWGOLD EXCHANGE over 60 days.
NEWGOLD EXCHANGE 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 NEWGOLD EXCHANGE's stock 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 NEWGOLD EXCHANGE TRADED upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEWGOLD EXCHANGE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEWGOLD EXCHANGE's standard deviation. In reality, there are many statistical measures that can use NEWGOLD EXCHANGE historical prices to predict the future NEWGOLD EXCHANGE's volatility.
NEWGOLD EXCHANGE TRADED has Sharpe Ratio of -0.0251, which conveys that the firm had a -0.0251 % return per unit of standard deviation over the last 3 months. NEWGOLD EXCHANGE exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NEWGOLD EXCHANGE's Mean Deviation of 3.13, market risk adjusted performance of (0.20), and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.75, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NEWGOLD EXCHANGE's returns are expected to increase less than the market. However, during the bear market, the loss of holding NEWGOLD EXCHANGE is expected to be smaller as well. At this point, NEWGOLD EXCHANGE TRADED has a negative expected return of -0.12%. Please make sure to verify NEWGOLD EXCHANGE's treynor ratio and rate of daily change , to decide if NEWGOLD EXCHANGE TRADED performance from the past will be repeated at future time.
Auto-correlation
-0.15
Insignificant reverse predictability
NEWGOLD EXCHANGE TRADED has insignificant reverse predictability. Overlapping area represents the amount of predictability between NEWGOLD EXCHANGE time series from 21st of June 2025 to 21st of July 2025 and 21st of July 2025 to 20th of August 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NEWGOLD EXCHANGE TRADED price movement. The serial correlation of -0.15 indicates that less than 15.0% of current NEWGOLD EXCHANGE price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.15
Spearman Rank Test
0.0
Residual Average
0.0
Price Variance
2.5 M
NEWGOLD EXCHANGE TRADED lagged returns against current returns
Autocorrelation, which is NEWGOLD EXCHANGE stock'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 NEWGOLD EXCHANGE's stock expected returns. We can calculate the autocorrelation of NEWGOLD EXCHANGE returns to help us make a trade decision. For example, suppose you find that NEWGOLD EXCHANGE has exhibited high autocorrelation historically, and you observe that the stock 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
NEWGOLD EXCHANGE 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 NEWGOLD EXCHANGE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEWGOLD EXCHANGE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NEWGOLD EXCHANGE stock over time.
Current vs Lagged Prices
Timeline
NEWGOLD EXCHANGE Lagged Returns
When evaluating NEWGOLD EXCHANGE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEWGOLD EXCHANGE stock have on its future price. NEWGOLD EXCHANGE 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, NEWGOLD EXCHANGE autocorrelation shows the relationship between NEWGOLD EXCHANGE stock current value and its past values and can show if there is a momentum factor associated with investing in NEWGOLD EXCHANGE TRADED.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.