NewFunds GOVI (South Africa) Price on September 19, 2024
| STXGVI Etf | 7,768 33.00 0.42% |
If you're considering investing in NewFunds Etf, it is important to understand the factors that can impact its price. As of today, the current price of NewFunds GOVI stands at 7,768, as last reported on the 16th of December 2024, with the highest price reaching 7,859 and the lowest price hitting 7,763 during the day. NewFunds GOVI Exchange has Sharpe Ratio of -0.0629, which conveys that the entity had a -0.0629% return per unit of risk over the last 3 months. NewFunds GOVI exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NewFunds GOVI's Standard Deviation of 0.6456, mean deviation of 0.4057, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide.
NewFunds Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
NewFunds |
Sharpe Ratio = -0.0629
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| Negative Returns | STXGVI |
Estimated Market Risk
| 0.64 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
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NewFunds GOVI is not performing at its full potential. However, 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 NewFunds GOVI by adding NewFunds GOVI to a well-diversified portfolio.
NewFunds GOVI Valuation on September 19, 2024
It is possible to determine the worth of NewFunds GOVI on a given historical date. On September 19, 2024 NewFunds was worth 8031.0 at the beginning of the trading date compared to the closed value of 8039.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NewFunds GOVI etf. Still, in general, we apply an absolute valuation method to find NewFunds GOVI'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 NewFunds GOVI where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NewFunds GOVI's related companies.
| Open | High | Low | Close | Volume | |
| 7,963 | 8,059 | 7,963 | 8,031 | 16,476 | |
09/19/2024 | 8,031 | 8,118 | 8,001 | 8,039 | 31,032 |
| 8,016 | 8,073 | 7,961 | 8,073 | 21,875 |
| Backtest NewFunds GOVI | | | NewFunds GOVI History | Previous | Next |
NewFunds GOVI Trading Date Momentum on September 19, 2024
| On September 20 2024 NewFunds GOVI Exchange was traded for 8,073 at the closing time. The highest price during the trading period was 8,073 and the lowest recorded bid was listed for 7,961 . The volume for the day was 21.9 K. This history from September 20, 2024 contributed to the next trading day price jump. The trading price change to the next closing price was 0.42% . The trading delta at closing time to the current price is 0.15% . |
Price Boundaries
NewFunds GOVI Period Price Range
Low | December 16, 2024
| High |
0.00 | 0.00 |
NewFunds GOVI 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.
NewFunds GOVI December 16, 2024 Market Strength
Market strength indicators help investors to evaluate how NewFunds GOVI etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NewFunds GOVI shares will generate the highest return on investment. By undertsting and applying NewFunds GOVI etf market strength indicators, traders can identify NewFunds GOVI Exchange entry and exit signals to maximize returns
NewFunds GOVI Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NewFunds GOVI's price direction in advance. Along with the technical and fundamental analysis of NewFunds Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of NewFunds 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.