NewWave EUR (South Africa) Price on January 8, 2025
| NEWEUR Etf | 1,951 2.00 0.10% |
If you're considering investing in NewWave Etf, it is important to understand the factors that can impact its price. As of today, the current price of NewWave EUR stands at 1,951, as last reported on the 25th of January, with the highest price reaching 1,957 and the lowest price hitting 1,951 during the day. At this point, NewWave EUR is very steady. NewWave EUR Currency has Sharpe Ratio of 0.0441, which conveys that the entity had a 0.0441 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for NewWave EUR, which you can use to evaluate the volatility of the etf. Please verify NewWave EUR's Risk Adjusted Performance of 0.0255, mean deviation of 0.2291, and Downside Deviation of 0.7399 to check out if the risk estimate we provide is consistent with the expected return of 0.0196%.
NewWave Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
NewWave |
Sharpe Ratio = 0.0441
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| Negative Returns | NEWEUR |
Estimated Market Risk
| 0.44 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average NewWave EUR is performing at about 3% 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 NewWave EUR by adding it to a well-diversified portfolio.
NewWave EUR Valuation on January 8, 2025
It is possible to determine the worth of NewWave EUR on a given historical date. On January 8, 2025 NewWave was worth 1965.0 at the beginning of the trading date compared to the closed value of 1968.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NewWave EUR etf. Still, in general, we apply an absolute valuation method to find NewWave EUR'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 NewWave EUR where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NewWave EUR's related companies.
| Open | High | Low | Close | Volume | |
| 1,956 | 1,959 | 1,953 | 1,954 | 139,429 | |
01/08/2025 | 1,965 | 1,968 | 1,962 | 1,968 | 10,097 |
| 1,968 | 1,968 | 1,968 | 1,968 | 1.00 |
| Backtest NewWave EUR | | | NewWave EUR History | Previous | Next |
NewWave EUR Trading Date Momentum on January 8, 2025
| On January 09 2025 NewWave EUR Currency was traded for 1,968 at the closing time. The highest price during the trading period was 1,968 and the lowest recorded bid was listed for 1,968 . There was no trading activity during the period 1.0. Lack of trading volume on January 9, 2025 did not cause price change. The trading delta at closing time to the current price is 0.86% . |
Price Boundaries
NewWave EUR Period Price Range
Low | January 25, 2025
| High |
0.00 | 0.00 |
NewWave EUR Currency cannot be verified against its exchange. Please verify the symbol is currently traded on Johannesburg 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.
NewWave EUR January 25, 2025 Market Strength
Market strength indicators help investors to evaluate how NewWave EUR etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NewWave EUR shares will generate the highest return on investment. By undertsting and applying NewWave EUR etf market strength indicators, traders can identify NewWave EUR Currency entry and exit signals to maximize returns
NewWave EUR Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NewWave EUR's price direction in advance. Along with the technical and fundamental analysis of NewWave Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of NewWave 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.