NewWave Silver (South Africa) Performance
| NEWSLV Etf | 533.00 7.00 1.30% |
The etf secures a Beta (Market Risk) of -0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NewWave Silver are expected to decrease at a much lower rate. During the bear market, NewWave Silver is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days NewWave Silver Exchange has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, NewWave Silver is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more
NewWave |
NewWave Silver Relative Risk vs. Return Landscape
If you would invest 56,900 in NewWave Silver Exchange on October 26, 2024 and sell it today you would lose (3,600) from holding NewWave Silver Exchange or give up 6.33% of portfolio value over 90 days. NewWave Silver Exchange is generating negative expected returns and assumes 1.4076% volatility on return distribution over the 90 days horizon. Simply put, 12% 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 |
| Risk |
NewWave Silver Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NewWave Silver's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as NewWave Silver Exchange, and traders can use it to determine the average amount a NewWave Silver'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 = -0.0704
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NEWSLV |
Estimated Market Risk
| 1.41 actual daily | 12 88% of assets are more volatile |
Expected Return
| -0.1 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NewWave Silver 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 NewWave Silver by adding NewWave Silver to a well-diversified portfolio.
About NewWave Silver Performance
By analyzing NewWave Silver's fundamental ratios, stakeholders can gain valuable insights into NewWave Silver's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if NewWave Silver has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if NewWave Silver has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| NewWave Silver generated a negative expected return over the last 90 days |
Other Information on Investing in NewWave Etf
NewWave Silver financial ratios help investors to determine whether NewWave Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NewWave with respect to the benefits of owning NewWave Silver security.