NewWave Platinum (South Africa) Price on November 12, 2024
| NEWPLT Etf | 16,105 298.00 1.82% |
If you're considering investing in NewWave Etf, it is important to understand the factors that can impact its price. As of today, the current price of NewWave Platinum stands at 16,105, as last reported on the 29th of November, with the highest price reaching 16,105 and the lowest price hitting 16,105 during the day. At this point, NewWave Platinum is very steady. NewWave Platinum Exchange has Sharpe Ratio of 0.0283, which conveys that the entity had a 0.0283% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for NewWave Platinum, which you can use to evaluate the volatility of the etf. Please verify NewWave Platinum's insignificant Risk Adjusted Performance, standard deviation of 1.45, and Mean Deviation of 0.9262 to check out if the risk estimate we provide is consistent with the expected return of 0.0412%.
NewWave Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
NewWave |
Sharpe Ratio = 0.0283
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NEWPLT |
Estimated Market Risk
| 1.46 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average NewWave Platinum is performing at about 2% 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 NewWave Platinum by adding it to a well-diversified portfolio.
NewWave Platinum Valuation on November 12, 2024
It is possible to determine the worth of NewWave Platinum on a given historical date. On November 12, 2024 NewWave was worth 16743.0 at the beginning of the trading date compared to the closed value of 16410.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NewWave Platinum etf. Still, in general, we apply an absolute valuation method to find NewWave Platinum'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 NewWave Platinum where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NewWave Platinum's related companies.
| Open | High | Low | Close | Volume | |
| 16,306 | 16,625 | 16,306 | 16,625 | 2.00 | |
11/12/2024 | 16,743 | 16,743 | 16,410 | 16,410 | 61.00 |
| 16,266 | 16,266 | 16,252 | 16,252 | 1.00 |
| Backtest NewWave Platinum | | | NewWave Platinum History | Previous | Next |
NewWave Platinum Trading Date Momentum on November 12, 2024
| On November 13 2024 NewWave Platinum Exchange was traded for 16,252 at the closing time. The highest price during the trading period was 16,266 and the lowest recorded bid was listed for 16,252 . There was no trading activity during the period 1.0. Lack of trading volume on November 13, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.96% . The trading delta at closing time to the current price is 1.86% . |
Price Boundaries
NewWave Platinum Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
NewWave Platinum Exchange cannot be verified against its exchange. Please verify the symbol is currently traded on Johannesburg 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.
NewWave Platinum November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how NewWave Platinum etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NewWave Platinum shares will generate the highest return on investment. By undertsting and applying NewWave Platinum etf market strength indicators, traders can identify NewWave Platinum Exchange entry and exit signals to maximize returns
NewWave Platinum Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NewWave Platinum's price direction in advance. Along with the technical and fundamental analysis of NewWave Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of NewWave 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.