New Asia Holdings, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 18, 2020 at 01:21 pm EDT
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New Asia Holdings, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced operating loss was USD 47,764 compared to USD 42,447 a year ago. Net loss was USD 47,764 compared to USD 42,447 a year ago. For the half year, operating loss was USD 101,077 compared to USD 100,548 a year ago. Net loss was USD 101,077 compared to USD 100,548 a year ago.
New Asia Holdings, Inc. is engaged in developing and deploying its neural trading models for the financial community. It offers trading software solutions to clients based on software-as-a-service (SaaS) licensing and delivery models. Its products consist of approximately three trainable trading algorithms, such as MQ X1, MQ Y1 and MQ Z1. It offers various types of algorithmic trading, such as systematic trading, high-frequency trading, and ultra-high frequency trading. It utilizes its in-house neural trading models to trade its own funds. The Company uses certain tools and technology while trading, which include Principal Component Analysis (PCA), Neural Networks, Removing Linear Trends from Data, Detecting Anomaly Activities, Market Behavioral Pattern Neural Analysis, Co-relational Modeling, and Multi-Time Frame Signal Analysis. PCA is a tool in exploratory data analysis to discover the important variables (or a combination of them) that explain the cause of variance in the data.
NEW ASIA HOLDINGS, INC. 