NEWGOLD EXCHANGE (Nigeria) Price on May 30, 2024
| NEWGOLD Stock | 30,000 12,000 28.57% |
If you're considering investing in NEWGOLD Stock, it is important to understand the factors that can impact its price. As of today, the current price of NEWGOLD EXCHANGE stands at 30,000, as last reported on the 19th of December, with the highest price reaching 42,000 and the lowest price hitting 30,000 during the day. NEWGOLD EXCHANGE appears to be very steady, given 3 months investment horizon. NEWGOLD EXCHANGE TRADED has Sharpe Ratio of 0.0741, which conveys that the firm had a 0.0741% return per unit of standard deviation over the last 3 months. By inspecting NEWGOLD EXCHANGE's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please exercise NEWGOLD EXCHANGE's Mean Deviation of 3.46, risk adjusted performance of 0.067, and Market Risk Adjusted Performance of 0.3046 to check out if our risk estimates are consistent with your expectations.
NEWGOLD Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
NEWGOLD |
Sharpe Ratio = 0.0741
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Estimated Market Risk
| 8.26 actual daily | 73 73% of assets are less volatile |
Expected Return
| 0.61 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average NEWGOLD EXCHANGE 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 NEWGOLD EXCHANGE by adding it to a well-diversified portfolio.
NEWGOLD EXCHANGE Valuation on May 30, 2024
It is possible to determine the worth of NEWGOLD EXCHANGE on a given historical date. On May 30, 2024 NEWGOLD was worth 26099.0 at the beginning of the trading date compared to the closed value of 26099.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NEWGOLD EXCHANGE stock. Still, in general, we apply an absolute valuation method to find NEWGOLD EXCHANGE'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 NEWGOLD EXCHANGE where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NEWGOLD EXCHANGE's related companies.
| Open | High | Low | Close | Volume | |
| 26,099 | 26,099 | 26,099 | 26,099 | 1.00 | |
05/30/2024 | 26,099 | 26,099 | 26,099 | 26,099 | 1.00 |
| 26,099 | 26,099 | 22,702 | 22,702 | 4.00 |
| Backtest NEWGOLD EXCHANGE | | | NEWGOLD EXCHANGE History | Previous | Next |
NEWGOLD EXCHANGE Trading Date Momentum on May 30, 2024
| On May 31 2024 NEWGOLD EXCHANGE TRADED was traded for 22,702 at the closing time. The highest price during the trading period was 26,099 and the lowest recorded bid was listed for 22,702 . There was no trading activity during the period 4.0. Lack of trading volume on May 31, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 13.02% . The trading delta at closing time to the current price is 12.83% . |
Price Boundaries
NEWGOLD EXCHANGE Period Price Range
Low | December 19, 2024
| High |
0.00 | 0.00 |
NEWGOLD EXCHANGE TRADED cannot be verified against its exchange. Please verify the symbol is currently traded on Nigerian 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.
NEWGOLD EXCHANGE December 19, 2024 Market Strength
Market strength indicators help investors to evaluate how NEWGOLD EXCHANGE stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NEWGOLD EXCHANGE shares will generate the highest return on investment. By undertsting and applying NEWGOLD EXCHANGE stock market strength indicators, traders can identify NEWGOLD EXCHANGE TRADED entry and exit signals to maximize returns
NEWGOLD EXCHANGE Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NEWGOLD EXCHANGE's price direction in advance. Along with the technical and fundamental analysis of NEWGOLD Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NEWGOLD 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 | 0.067 | |||
| Jensen Alpha | 0.5413 | |||
| Total Risk Alpha | 0.3848 | |||
| Sortino Ratio | 0.0382 | |||
| Treynor Ratio | 0.2946 |
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| Volume Indicators |
Complementary Tools for NEWGOLD Stock analysis
When running NEWGOLD EXCHANGE's price analysis, check to measure NEWGOLD EXCHANGE's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NEWGOLD EXCHANGE is operating at the current time. Most of NEWGOLD EXCHANGE's value examination focuses on studying past and present price action to predict the probability of NEWGOLD EXCHANGE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NEWGOLD EXCHANGE's price. Additionally, you may evaluate how the addition of NEWGOLD EXCHANGE to your portfolios can decrease your overall portfolio volatility.
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