NewFunds TRACI (South Africa) Price on November 11, 2024
| STXTRA Etf | 3,534 5.00 0.14% |
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 TRACI stands at 3,534, as last reported on the 23rd of January, with the highest price reaching 3,548 and the lowest price hitting 3,530 during the day. At this point, NewFunds TRACI is very steady. NewFunds TRACI 3 has Sharpe Ratio of 0.0766, which conveys that the entity had a 0.0766 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for NewFunds TRACI, which you can use to evaluate the volatility of the etf. Please verify NewFunds TRACI's Risk Adjusted Performance of 0.062, downside deviation of 0.6317, and Mean Deviation of 0.0978 to check out if the risk estimate we provide is consistent with the expected return of 0.0278%.
NewFunds Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
NewFunds |
Sharpe Ratio = 0.0766
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| Negative Returns | STXTRA |
Estimated Market Risk
| 0.36 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average NewFunds TRACI is performing at about 6% 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 NewFunds TRACI by adding it to a well-diversified portfolio.
NewFunds TRACI Valuation on November 11, 2024
It is possible to determine the worth of NewFunds TRACI on a given historical date. On November 11, 2024 NewFunds was worth 3495.0 at the beginning of the trading date compared to the closed value of 3487.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NewFunds TRACI etf. Still, in general, we apply an absolute valuation method to find NewFunds TRACI'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 TRACI where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NewFunds TRACI's related companies.
| Open | High | Low | Close | Volume | |
| 3,476 | 3,493 | 3,476 | 3,486 | 343,458 | |
11/11/2024 | 3,495 | 3,495 | 3,477 | 3,487 | 2,555 |
| 3,480 | 3,487 | 3,479 | 3,485 | 50,738 |
| Backtest NewFunds TRACI | | | NewFunds TRACI History | Previous | Next |
NewFunds TRACI Trading Date Momentum on November 11, 2024
| On November 12 2024 NewFunds TRACI 3 was traded for 3,485 at the closing time. The highest price during the trading period was 3,487 and the lowest recorded bid was listed for 3,479 . The volume for the day was 50.7 K. This history from November 12, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 0.06% . The trading delta at closing time to the current price is 0.46% . |
Price Boundaries
NewFunds TRACI Period Price Range
Low | January 23, 2025
| High |
0.00 | 0.00 |
NewFunds TRACI 3 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 TRACI January 23, 2025 Market Strength
Market strength indicators help investors to evaluate how NewFunds TRACI 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 TRACI shares will generate the highest return on investment. By undertsting and applying NewFunds TRACI etf market strength indicators, traders can identify NewFunds TRACI 3 entry and exit signals to maximize returns
NewFunds TRACI Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NewFunds TRACI'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.