NewWave GBP's market value is the price at which a share of NewWave GBP trades on a public exchange. It measures the collective expectations of NewWave GBP Currency investors about its performance. NewWave GBP is trading at 2360.00 as of the 5th of January 2025, a 1.42 percent decrease since the beginning of the trading day. The etf's open price was 2394.0. With this module, you can estimate the performance of a buy and hold strategy of NewWave GBP Currency and determine expected loss or profit from investing in NewWave GBP over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Symbol
NewWave
NewWave GBP 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to NewWave GBP's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of NewWave GBP.
0.00
11/06/2024
No Change 0.00
0.0
In 2 months and 1 day
01/05/2025
0.00
If you would invest 0.00 in NewWave GBP on November 6, 2024 and sell it all today you would earn a total of 0.00 from holding NewWave GBP Currency or generate 0.0% return on investment in NewWave GBP over 60 days.
NewWave GBP Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure NewWave GBP's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess NewWave GBP Currency upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for NewWave GBP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NewWave GBP's standard deviation. In reality, there are many statistical measures that can use NewWave GBP historical prices to predict the future NewWave GBP's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as NewWave GBP. Your research has to be compared to or analyzed against NewWave GBP's peers to derive any actionable benefits. When done correctly, NewWave GBP's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in NewWave GBP Currency.
NewWave GBP Currency Backtested Returns
At this point, NewWave GBP is very steady. NewWave GBP Currency has Sharpe Ratio of 0.0863, which conveys that the entity had a 0.0863% return per unit of risk over the last 3 months. We have found thirty technical indicators for NewWave GBP, which you can use to evaluate the volatility of the etf. Please verify NewWave GBP's Risk Adjusted Performance of 0.0443, mean deviation of 0.3363, and Downside Deviation of 0.7038 to check out if the risk estimate we provide is consistent with the expected return of 0.051%. The etf secures a Beta (Market Risk) of -0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NewWave GBP are expected to decrease at a much lower rate. During the bear market, NewWave GBP is likely to outperform the market.
Auto-correlation
0.22
Weak predictability
NewWave GBP Currency has weak predictability. Overlapping area represents the amount of predictability between NewWave GBP time series from 6th of November 2024 to 6th of December 2024 and 6th of December 2024 to 5th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NewWave GBP Currency price movement. The serial correlation of 0.22 indicates that over 22.0% of current NewWave GBP price fluctuation can be explain by its past prices.
Correlation Coefficient
0.22
Spearman Rank Test
0.39
Residual Average
0.0
Price Variance
876.9
NewWave GBP Currency lagged returns against current returns
Autocorrelation, which is NewWave GBP etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting NewWave GBP's etf expected returns. We can calculate the autocorrelation of NewWave GBP returns to help us make a trade decision. For example, suppose you find that NewWave GBP has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
NewWave GBP regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If NewWave GBP etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NewWave GBP etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NewWave GBP etf over time.
Current vs Lagged Prices
Timeline
NewWave GBP Lagged Returns
When evaluating NewWave GBP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NewWave GBP etf have on its future price. NewWave GBP autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, NewWave GBP autocorrelation shows the relationship between NewWave GBP etf current value and its past values and can show if there is a momentum factor associated with investing in NewWave GBP Currency.
Regressed Prices
Timeline
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