New Alternatives Fund Price on September 13, 2024
| NAEFX Fund | USD 65.70 0.73 1.12% |
Below is the normalized historical share price chart for New Alternatives Fund extending back to January 02, 2015. 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 Alternatives stands at 65.70, as last reported on the 28th of November, with the highest price reaching 65.70 and the lowest price hitting 65.70 during the day.
If you're considering investing in New Mutual Fund, it is important to understand the factors that can impact its price. New Alternatives has Sharpe Ratio of -0.0235, which conveys that the entity had a -0.0235% return per unit of risk over the last 3 months. New Alternatives exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify New Alternatives' Risk Adjusted Performance of (0.03), mean deviation of 0.7356, and Standard Deviation of 1.04 to check out the risk estimate we provide.
New Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
New |
Sharpe Ratio = -0.0235
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| Negative Returns | NAEFX |
Estimated Market Risk
| 1.07 actual daily | 9 91% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average New Alternatives 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 New Alternatives by adding New Alternatives to a well-diversified portfolio.
New Alternatives Valuation on September 13, 2024
It is possible to determine the worth of New Alternatives on a given historical date. On September 13, 2024 New was worth 69.33 at the beginning of the trading date compared to the closed value of 69.33. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of New Alternatives mutual fund. Still, in general, we apply an absolute valuation method to find New Alternatives' 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 Alternatives where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against New Alternatives' related companies.
| Open | High | Low | Close | Volume | |
| 68.80 | 68.80 | 68.80 | 68.80 | 1.00 | |
09/13/2024 | 69.33 | 69.33 | 69.33 | 69.33 | 1.00 |
| 69.78 | 69.78 | 69.78 | 69.78 | 1.00 |
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New Alternatives Trading Date Momentum on September 13, 2024
| On September 16 2024 New Alternatives Fund was traded for 69.78 at the closing time. The highest daily price throughout the period was 69.78 and the lowest price was 69.78 . There was no trading activity during the period 1.0. Lack of trading volume on 09/16/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.65% . The trading delta at closing time to current closing price is 1.82% . |
New Alternatives Fundamentals Correlations and Trends
By evaluating New Alternatives' 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 Alternatives' 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 Alternatives Mutual Fund history
New Alternatives 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 Alternatives 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 Alternatives stock prices may prove useful in developing a viable investing in New Alternatives
The fund seeks to achieve its investment objective by investing in equity securities. The equity securities in which the fund invests consist primarily of common stocks. Other equity securities in which the fund may invest include YieldCos, American Depository Receipts , real estate investment trusts and publicly-traded master limited partnerships . The fund makes investments in a wide range of industries and in companies of all sizes.
New Alternatives Mutual Fund Technical Analysis
New Alternatives technical mutual fund 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, fund market cycles, or different charting patterns.
Price Boundaries
New Alternatives Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
New Alternatives Fund cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS 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 Alternatives November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how New Alternatives mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading New Alternatives shares will generate the highest return on investment. By undertsting and applying New Alternatives mutual fund market strength indicators, traders can identify New Alternatives Fund entry and exit signals to maximize returns
New Alternatives Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for New Alternatives' price direction in advance. Along with the technical and fundamental analysis of New Mutual Fund 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 | (0.03) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | 3.66 |
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Other Information on Investing in New Mutual Fund
New Alternatives financial ratios help investors to determine whether New Mutual Fund 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 Alternatives security.
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals |