NewWave GBP (South Africa) Price on November 7, 2024
| NEWGBP Etf | 2,369 13.00 0.55% |
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 GBP stands at 2,369, as last reported on the 8th of January, with the highest price reaching 2,376 and the lowest price hitting 2,369 during the day. At this point, NewWave GBP is very steady. NewWave GBP Currency has Sharpe Ratio of 0.0682, which conveys that the entity had a 0.0682% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for NewWave GBP, which you can use to evaluate the volatility of the etf. Please verify NewWave GBP's Downside Deviation of 0.6828, risk adjusted performance of 0.0334, and Mean Deviation of 0.3302 to check out if the risk estimate we provide is consistent with the expected return of 0.0401%.
NewWave Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
NewWave |
Sharpe Ratio = 0.0682
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| Negative Returns | NEWGBP |
Estimated Market Risk
| 0.59 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average NewWave GBP 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 NewWave GBP by adding it to a well-diversified portfolio.
NewWave GBP Valuation on November 7, 2024
It is possible to determine the worth of NewWave GBP on a given historical date. On November 7, 2024 NewWave was worth 2272.0 at the beginning of the trading date compared to the closed value of 2271.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NewWave GBP etf. Still, in general, we apply an absolute valuation method to find NewWave GBP'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 GBP where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NewWave GBP's related companies.
| Open | High | Low | Close | Volume | |
| 2,291 | 2,291 | 2,291 | 2,291 | 1.00 | |
11/07/2024 | 2,272 | 2,272 | 2,271 | 2,271 | 1.00 |
| 2,271 | 2,271 | 2,271 | 2,271 | 1.00 |
| Backtest NewWave GBP | | | NewWave GBP History | Previous | Next |
NewWave GBP Trading Date Momentum on November 7, 2024
| On November 08 2024 NewWave GBP Currency was traded for 2,271 at the closing time. The highest price during the trading period was 2,271 and the lowest recorded bid was listed for 2,271 . There was no trading activity during the period 1.0. Lack of trading volume on November 8, 2024 did not cause price change. The trading delta at closing time to the current price is 1.89% . |
Price Boundaries
NewWave GBP Period Price Range
Low | January 8, 2025
| High |
0.00 | 0.00 |
NewWave GBP 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 GBP January 8, 2025 Market Strength
Market strength indicators help investors to evaluate how NewWave GBP 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 GBP shares will generate the highest return on investment. By undertsting and applying NewWave GBP etf market strength indicators, traders can identify NewWave GBP Currency entry and exit signals to maximize returns
NewWave GBP Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NewWave GBP'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.