NewWave EUR (South Africa) Performance
| NEWEUR Etf | 1,995 13.00 0.66% |
The etf secures a Beta (Market Risk) of -0.0377, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NewWave EUR are expected to decrease at a much lower rate. During the bear market, NewWave EUR is likely to outperform the market.
Risk-Adjusted Performance
Good
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Compared to the overall equity markets, risk-adjusted returns on investments in NewWave EUR Currency are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong technical and fundamental indicators, NewWave EUR is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more
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NewWave EUR Relative Risk vs. Return Landscape
If you would invest 190,000 in NewWave EUR Currency on December 13, 2024 and sell it today you would earn a total of 9,500 from holding NewWave EUR Currency or generate 5.0% return on investment over 90 days. NewWave EUR Currency is generating 0.0828% of daily returns and assumes 0.5425% volatility on return distribution over the 90 days horizon. Simply put, 4% of etfs are less volatile than NewWave, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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NewWave EUR Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NewWave EUR's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as NewWave EUR Currency, and traders can use it to determine the average amount a NewWave EUR's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1526
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| Cash | NEWEUR | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.54 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 12 88% of assets perform better |
Based on monthly moving average NewWave EUR is performing at about 12% 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 EUR by adding it to a well-diversified portfolio.