NewWave USD (South Africa) Price on January 6, 2025
| NEWUSD Etf | 1,920 31.00 1.64% |
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 USD stands at 1,920, as last reported on the 8th of January, with the highest price reaching 1,920 and the lowest price hitting 1,905 during the day. At this point, NewWave USD is very steady. NewWave USD Currency has Sharpe Ratio of 0.14, which conveys that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for NewWave USD, which you can use to evaluate the volatility of the etf. Please verify NewWave USD's Risk Adjusted Performance of 0.1239, mean deviation of 0.6006, and Downside Deviation of 0.696 to check out if the risk estimate we provide is consistent with the expected return of 0.12%.
NewWave Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
NewWave |
Sharpe Ratio = 0.145
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| Cash | NEWUSD | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.8 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average NewWave USD is performing at about 11% 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 USD by adding it to a well-diversified portfolio.
NewWave USD Valuation on January 6, 2025
It is possible to determine the worth of NewWave USD on a given historical date. On January 6, 2025 NewWave was worth 1903.0 at the beginning of the trading date compared to the closed value of 1884.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NewWave USD etf. Still, in general, we apply an absolute valuation method to find NewWave USD'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 USD where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NewWave USD's related companies.
| Open | High | Low | Close | Volume | |
| 1,901 | 1,910 | 1,901 | 1,902 | 265,758 | |
01/06/2025 | 1,903 | 1,904 | 1,872 | 1,884 | 1,052,758 |
| 1,883 | 1,894 | 1,883 | 1,889 | 474,025 |
| Backtest NewWave USD | | | NewWave USD History | Previous | Next |
NewWave USD Trading Date Momentum on January 6, 2025
| On January 07 2025 NewWave USD Currency was traded for 1,889 at the closing time. The highest price during the trading period was 1,894 and the lowest recorded bid was listed for 1,883 . The volume for the day was 474 K. This history from January 7, 2025 contributed to the next trading day price jump. The trading delta at closing time to the next closing price was 0.27% . The trading delta at closing time to the current price is 1.27% . |
Price Boundaries
NewWave USD Period Price Range
Low | January 8, 2025
| High |
0.00 | 0.00 |
NewWave USD 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 USD January 8, 2025 Market Strength
Market strength indicators help investors to evaluate how NewWave USD 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 USD shares will generate the highest return on investment. By undertsting and applying NewWave USD etf market strength indicators, traders can identify NewWave USD Currency entry and exit signals to maximize returns
NewWave USD Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NewWave USD'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.