New America High Etf Price on October 14, 2024
| HYB Etf | USD 8.30 0.01 0.12% |
Below is the normalized historical share price chart for New America High extending back to February 19, 1988. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of New America stands at 8.30, as last reported on the 29th of November, with the highest price reaching 8.31 and the lowest price hitting 8.25 during the day.
If you're considering investing in New Etf, it is important to understand the factors that can impact its price. At this point, New America is very steady. New America High has Sharpe Ratio of 0.0701, which conveys that the entity had a 0.0701% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for New America, which you can use to evaluate the volatility of the etf. Please verify New America's Risk Adjusted Performance of 0.0374, mean deviation of 0.3659, and Downside Deviation of 0.5429 to check out if the risk estimate we provide is consistent with the expected return of 0.0335%.
New Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
New |
Sharpe Ratio = 0.0701
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Estimated Market Risk
| 0.48 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average New America is performing at about 5% 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 New America by adding it to a well-diversified portfolio.
Market Capitalization 181.9 M |
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New America Valuation on October 14, 2024
It is possible to determine the worth of New America on a given historical date. On October 14, 2024 New was worth 8.22 at the beginning of the trading date compared to the closed value of 8.23. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of New America etf. Still, in general, we apply an absolute valuation method to find New America's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of New America where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against New America's related companies.
| Open | High | Low | Close | Volume | |
| 8.22 | 8.25 | 8.17 | 8.18 | 38,251 | |
10/14/2024 | 8.22 | 8.26 | 8.18 | 8.23 | 22,453 |
| 8.26 | 8.27 | 8.16 | 8.21 | 22,716 |
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New America Trading Date Momentum on October 14, 2024
| On October 15 2024 New America High was traded for 8.21 at the closing time. Highest New America's price during the trading hours was 8.27 and the lowest price during the day was 8.16 . The net volume was 22.7 K. The overall trading history on the 15th of October 2024 contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 0.24% . The trading delta at closing time to current price is 1.22% . |
New America High Fundamentals Correlations and Trends
By evaluating New America's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among New America's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. New financial account trend analysis is a perfect complement when working with valuation or volatility modules.About New America Etf history
New America investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for New is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in New America High will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing New America stock prices may prove useful in developing a viable investing in New America
The New America High Income Fund Inc. is a closed-ended fixed income mutual fund launched and managed by T. Rowe Price Associates, Inc. The fund invests in the fixed income markets of the United States. It seeks to invest in the stocks of companies operating across the diversified sectors. The fund invests in high yield fixed-income securities i.e. junk bonds rated BB or lower by SP or Ba or lower by Moody. It benchmarks the performance of its portfolio against the Credit Suisse High Yield Index and the Citigroup 10 Year Treasury Index. The New America High Income Fund Inc. was formed on November 19, 1987 and is domiciled in the United States.
New America Etf Technical Analysis
New America technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
New America Period Price Range
Low | November 29, 2024
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0.00 | 0.00 |
New America High cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
New America November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how New America etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading New America shares will generate the highest return on investment. By undertsting and applying New America etf market strength indicators, traders can identify New America High entry and exit signals to maximize returns
New America Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for New America's price direction in advance. Along with the technical and fundamental analysis of New Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of New to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0374 | |||
| Jensen Alpha | 0.0217 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | (0.40) |
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Other Information on Investing in New Etf
New America financial ratios help investors to determine whether New 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 New with respect to the benefits of owning New America security.