NEWGOLD EXCHANGE (Nigeria) Buy Hold or Sell Recommendation
| NEWGOLD Stock | 42,000 12,000 40.00% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding NEWGOLD EXCHANGE TRADED is 'Strong Sell'. Macroaxis provides NEWGOLD EXCHANGE buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding NEWGOLD positions.
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. Note, we conduct extensive research on individual companies such as NEWGOLD and provide practical buy, sell, or hold advice based on investors' constraints. NEWGOLD EXCHANGE TRADED. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
NEWGOLD |
Execute NEWGOLD EXCHANGE Buy or Sell Advice
The NEWGOLD recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on NEWGOLD EXCHANGE TRADED. Macroaxis does not own or have any residual interests in NEWGOLD EXCHANGE TRADED or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute NEWGOLD EXCHANGE's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Good | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Economic Sensitivity | Almost neglects market trends | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
NEWGOLD EXCHANGE Trading Alerts and Improvement Suggestions
| NEWGOLD EXCHANGE is way too risky over 90 days horizon | |
| NEWGOLD EXCHANGE appears to be risky and price may revert if volatility continues |
NEWGOLD EXCHANGE Returns Distribution Density
The distribution of NEWGOLD EXCHANGE's historical returns is an attempt to chart the uncertainty of NEWGOLD EXCHANGE's future price movements. The chart of the probability distribution of NEWGOLD EXCHANGE daily returns describes the distribution of returns around its average expected value. We use NEWGOLD EXCHANGE TRADED price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of NEWGOLD EXCHANGE returns is essential to provide solid investment advice for NEWGOLD EXCHANGE.
| Mean Return | 1.02 | Value At Risk | -9.09 | Potential Upside | 11.11 | Standard Deviation | 7.20 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of NEWGOLD EXCHANGE historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
NEWGOLD EXCHANGE Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to NEWGOLD EXCHANGE or Marketing sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that NEWGOLD EXCHANGE's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a NEWGOLD stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 1.01 | |
β | Beta against Dow Jones | 0.10 | |
σ | Overall volatility | 7.37 | |
Ir | Information ratio | 0.13 |
NEWGOLD EXCHANGE Volatility Alert
NEWGOLD EXCHANGE TRADED is showing large volatility of returns over the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure NEWGOLD EXCHANGE's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact NEWGOLD EXCHANGE's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.NEWGOLD EXCHANGE Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as NEWGOLD . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 9.86 | |||
| Daily Balance Of Power | 0.2069 | |||
| Rate Of Daily Change | 1.4 | |||
| Day Median Price | 70995.0 | |||
| Day Typical Price | 61330.0 | |||
| Market Facilitation Index | 3411.18 | |||
| Price Action Indicator | (22,995) | |||
| Period Momentum Indicator | 12000.0 |
Use Investing Ideas to Build Portfolios
In addition to having NEWGOLD EXCHANGE in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Trading Thematic Idea Now
Trading
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Trading theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Trading Theme or any other thematic opportunities.
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