Nyse New Highs Index Performance
| HIGN Index | 53.00 21.00 65.63% |
The index secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and NYSE New are completely uncorrelated.
NYSE New Relative Risk vs. Return Landscape
If you would invest 8,400 in NYSE New Highs on December 2, 2024 and sell it today you would lose (3,100) from holding NYSE New Highs or give up 36.9% of portfolio value over 90 days. NYSE New Highs is generating 9.5674% of daily returns and assumes 52.1184% volatility on return distribution over the 90 days horizon. Simply put, majority of traded equity instruments are less risky than NYSE on the basis of their historical return distribution, and most equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
NYSE New Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NYSE New's investment risk. Standard deviation is the most common way to measure market volatility of indexs, such as NYSE New Highs, and traders can use it to determine the average amount a NYSE New'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 = 0.1836
| Best Portfolio | Best Equity | HIGN | ||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 52.12 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average NYSE New is performing at about 14% 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 NYSE New by adding it to a well-diversified portfolio.