NewWave Silver (South Africa) Price on January 8, 2025
| NEWSLV Etf | 543.00 2.00 0.37% |
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 Silver stands at 543.00, as last reported on the 10th of January, with the highest price reaching 546.00 and the lowest price hitting 537.00 during the day. At this point, NewWave Silver is very steady. NewWave Silver Exchange has Sharpe Ratio of 0.0527, which conveys that the entity had a 0.0527% return per unit of risk over the last 3 months. We have found thirty technical indicators for NewWave Silver, which you can use to evaluate the volatility of the etf. Please verify NewWave Silver's Mean Deviation of 1.08, downside deviation of 1.7, and Risk Adjusted Performance of 0.0273 to check out if the risk estimate we provide is consistent with the expected return of 0.076%.
NewWave Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
NewWave |
Sharpe Ratio = 0.0527
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Estimated Market Risk
| 1.44 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average NewWave Silver is performing at about 4% 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 Silver by adding it to a well-diversified portfolio.
NewWave Silver Valuation on January 8, 2025
It is possible to determine the worth of NewWave Silver on a given historical date. On January 8, 2025 NewWave was worth 538.0 at the beginning of the trading date compared to the closed value of 541.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NewWave Silver etf. Still, in general, we apply an absolute valuation method to find NewWave Silver'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 Silver where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NewWave Silver's related companies.
| Open | High | Low | Close | Volume | |
| 534.00 | 536.00 | 528.00 | 534.00 | 426,174 | |
01/08/2025 | 538.00 | 541.00 | 538.00 | 541.00 | 36,004 |
| 541.00 | 546.00 | 537.00 | 543.00 | 66,846 |
| Backtest NewWave Silver | | | NewWave Silver History | | | NewWave Silver Valuation | Previous | Next |
NewWave Silver Trading Date Momentum on January 8, 2025
| On January 09 2025 NewWave Silver Exchange was traded for 543.00 at the closing time. The highest price during the trading period was 546.00 and the lowest recorded bid was listed for 537.00 . The volume for the day was 66.8 K. This history from January 9, 2025 contributed to the next trading day price jump. The trading delta at closing time to the next closing price was 0.37% . The trading delta at closing time to the current price is 0.00% . |
About NewWave Silver Etf history
NewWave Silver 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 NewWave is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NewWave Silver Exchange 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 NewWave Silver stock prices may prove useful in developing a viable investing in NewWave Silver
NewWave Silver Etf Technical Analysis
NewWave Silver technical etf 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, etf market cycles, or different charting patterns.
Price Boundaries
NewWave Silver Period Price Range
Low | January 10, 2025
| High |
0.00 | 0.00 |
NewWave Silver Exchange 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 Silver January 10, 2025 Market Strength
Market strength indicators help investors to evaluate how NewWave Silver 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 Silver shares will generate the highest return on investment. By undertsting and applying NewWave Silver etf market strength indicators, traders can identify NewWave Silver Exchange entry and exit signals to maximize returns
NewWave Silver Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NewWave Silver'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.
| Risk Adjusted Performance | 0.0273 | |||
| Jensen Alpha | 0.033 | |||
| Total Risk Alpha | (0.0003) | |||
| Sortino Ratio | 0.0081 | |||
| Treynor Ratio | (0.32) |
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Other Information on Investing in NewWave Etf
NewWave Silver financial ratios help investors to determine whether NewWave Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NewWave with respect to the benefits of owning NewWave Silver security.