New Fortress Energy Stock Price on May 11, 2024

NFE Stock  USD 23.81  1.22  4.87%   
If you're considering investing in New Stock, it is important to understand the factors that can impact its price. As of today, the current price of New Fortress stands at 23.81, as last reported on the 4th of June, with the highest price reaching 24.94 and the lowest price hitting 23.52 during the day. New Fortress Energy has Sharpe Ratio of -0.22, which conveys that the firm had a -0.22% return per unit of risk over the last 3 months. New Fortress exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify New Fortress' Risk Adjusted Performance of (0.13), mean deviation of 1.64, and Standard Deviation of 2.31 to check out the risk estimate we provide.
  
New Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.2215

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Estimated Market Risk

 2.31
  actual daily
20
80% of assets are more volatile

Expected Return

 -0.51
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.22
  actual daily
0
Most of other assets perform better
Based on monthly moving average New Fortress 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 Fortress by adding New Fortress to a well-diversified portfolio.

New Fortress Valuation on May 11, 2024

It is possible to determine the worth of New Fortress on a given historical date. On May 11, 2024 New was worth 27.55 at the beginning of the trading date compared to the closed value of 26.93. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of New Fortress stock. Still, in general, we apply an absolute valuation method to find New Fortress' 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 New Fortress where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against New Fortress' related companies.
 Open High Low Close Volume
  26.50    27.71    26.50    27.48    1,708,782  
05/10/2024
  27.55    27.82    26.89    26.93    1,332,985  
  26.99    27.11    26.70    27.08    1,228,594  
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Open Value
27.55
26.93
Closing Value
34.49
Upside

New Fortress Trading Date Momentum on May 11, 2024

On May 13 2024 New Fortress Energy was traded for  27.08  at the closing time. Highest New Fortress's price during the trading hours was 27.11  and the lowest price during the day was  26.70 . The net volume was 1.2 M. The overall trading history on the 13th of May 2024 contributed to the next trading period price growth. The trading delta at closing time to the next next day price was 0.56% . The trading delta at closing time to current price is 0.45% .

New Fortress Energy Fundamentals Correlations and Trends

By evaluating New Fortress' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among New Fortress' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. New financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About New Fortress Stock history

New Fortress 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 New is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in New Fortress Energy 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 New Fortress stock prices may prove useful in developing a viable investing in New Fortress
New Fortress Energy Inc. operates as an integrated gas-to-power infrastructure company that provides energy and development services to end-users worldwide. New Fortress Energy Inc. was founded in 1998 and is based in New York, New York. New Fortress operates under UtilitiesRegulated Gas classification in the United States and is traded on NASDAQ Exchange. It employs 671 people.

New Fortress Stock Technical Analysis

New Fortress 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.
A focus of New Fortress technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of New Fortress trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

New Fortress Period Price Range

Low
May 10, 2024
-0.62  -2.25%
High

 27.55 

     

 26.93 

New Fortress June 4, 2024 Market Strength

Market strength indicators help investors to evaluate how New Fortress stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading New Fortress shares will generate the highest return on investment. By undertsting and applying New Fortress stock market strength indicators, traders can identify New Fortress Energy entry and exit signals to maximize returns

New Fortress Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for New Fortress' price direction in advance. Along with the technical and fundamental analysis of New Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of New 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.

Complementary Tools for New Stock analysis

When running New Fortress' price analysis, check to measure New Fortress' 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 Fortress is operating at the current time. Most of New Fortress' value examination focuses on studying past and present price action to predict the probability of New Fortress' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Fortress' price. Additionally, you may evaluate how the addition of New Fortress to your portfolios can decrease your overall portfolio volatility.
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