NEW MILLENNIUM (Germany) Price on January 6, 2025
| 36N Stock | EUR 8.05 0.05 0.63% |
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 MILLENNIUM stands at 8.05, as last reported on the 8th of January, with the highest price reaching 8.10 and the lowest price hitting 8.00 during the day. At this point, NEW MILLENNIUM is somewhat reliable. NEW MILLENNIUM IRON has Sharpe Ratio of 0.0658, which conveys that the firm had a 0.0658% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for NEW MILLENNIUM, which you can use to evaluate the volatility of the firm. Please verify NEW MILLENNIUM's Mean Deviation of 1.91, market risk adjusted performance of 0.1567, and Risk Adjusted Performance of 0.0441 to check out if the risk estimate we provide is consistent with the expected return of 0.18%.
NEW Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
NEW |
Sharpe Ratio = 0.0658
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Estimated Market Risk
| 2.71 actual daily | 24 76% of assets are more volatile |
Expected Return
| 0.18 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average NEW MILLENNIUM is performing at about 5% of its full potential. 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 MILLENNIUM by adding it to a well-diversified portfolio.
NEW MILLENNIUM Valuation on January 6, 2025
It is possible to determine the worth of NEW MILLENNIUM on a given historical date. On January 6, 2025 NEW was worth 8.05 at the beginning of the trading date compared to the closed value of 8.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NEW MILLENNIUM stock. Still, in general, we apply an absolute valuation method to find NEW MILLENNIUM'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 NEW MILLENNIUM where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NEW MILLENNIUM's related companies.
| Open | High | Low | Close | Volume | |
| 7.95 | 8.05 | 7.95 | 7.95 | 1.00 | |
01/06/2025 | 8.05 | 8.05 | 7.95 | 8.00 | 1.00 |
| 8.00 | 8.10 | 8.00 | 8.05 | 1.00 |
| Backtest NEW MILLENNIUM | | | NEW MILLENNIUM History | | | NEW MILLENNIUM Valuation | Previous | Next |
NEW MILLENNIUM Trading Date Momentum on January 6, 2025
| On January 07 2025 NEW MILLENNIUM IRON was traded for 8.05 at the closing time. The maximum traded price for the trading interval was 8.10 and the lowest daily price was 8.00 . There was no trading activity during the period 1.0. Lack of trading volume on 7th of January 2025 played a part in the next trading day price growth. The daily price change to the next closing price was 0.63% . The trading delta at closing time to the closing price today is 0.00% . |
NEW MILLENNIUM IRON Fundamentals Correlations and Trends
By evaluating NEW MILLENNIUM'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 NEW MILLENNIUM's 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 MILLENNIUM Stock history
NEW MILLENNIUM 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 MILLENNIUM IRON 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 MILLENNIUM stock prices may prove useful in developing a viable investing in NEW MILLENNIUM
NEW MILLENNIUM Stock Technical Analysis
NEW MILLENNIUM 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
NEW MILLENNIUM Period Price Range
Low | January 8, 2025
| High |
0.00 | 0.00 |
NEW MILLENNIUM IRON cannot be verified against its exchange. Please verify the symbol is currently traded on Berlin Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
NEW MILLENNIUM January 8, 2025 Market Strength
Market strength indicators help investors to evaluate how NEW MILLENNIUM 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 MILLENNIUM shares will generate the highest return on investment. By undertsting and applying NEW MILLENNIUM stock market strength indicators, traders can identify NEW MILLENNIUM IRON entry and exit signals to maximize returns
NEW MILLENNIUM Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NEW MILLENNIUM's 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.
| Risk Adjusted Performance | 0.0441 | |||
| Jensen Alpha | 0.1105 | |||
| Total Risk Alpha | 0.1118 | |||
| Sortino Ratio | 0.0473 | |||
| Treynor Ratio | 0.1467 |
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| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for NEW Stock analysis
When running NEW MILLENNIUM's price analysis, check to measure NEW MILLENNIUM'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 MILLENNIUM is operating at the current time. Most of NEW MILLENNIUM's value examination focuses on studying past and present price action to predict the probability of NEW MILLENNIUM'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 MILLENNIUM's price. Additionally, you may evaluate how the addition of NEW MILLENNIUM to your portfolios can decrease your overall portfolio volatility.
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