New Relic Price on June 29, 2023

NEWRDelisted Stock  USD 71.64  0.17  0.24%   
If you're considering investing in New Stock, it is important to understand the factors that can impact its price. As of today, the current price of New Relic stands at 71.64, as last reported on the 26th of November, with the highest price reaching 71.94 and the lowest price hitting 70.10 during the day. We have found twenty-four technical indicators for New Relic, which you can use to evaluate the volatility of the firm. Please verify New Relic's Mean Deviation of 1.58, risk adjusted performance of 0.0021, and Standard Deviation of 2.28 to check out if the risk estimate we provide is consistent with the expected return of 0.0%.
  
New Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0

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Based on monthly moving average New Relic 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 Relic by adding New Relic to a well-diversified portfolio.

New Relic Valuation on June 29, 2023

It is possible to determine the worth of New Relic on a given historical date. On June 29, 2023 New was worth 66.14 at the beginning of the trading date compared to the closed value of 64.95. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of New Relic stock. Still, in general, we apply an absolute valuation method to find New Relic'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 Relic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against New Relic's related companies.
 Open High Low Close Volume
  65.50    66.31    65.44    65.98    594,875  
06/29/2023
  66.14    66.41    64.73    64.95    548,100  
  65.26    65.91    64.82    65.44    556,107  
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Open Value
66.14
64.95
Closing Value
66.14
Upside

New Relic Trading Date Momentum on June 29, 2023

On June 30 2023 New Relic was traded for  65.44  at the closing time. The top price for the day was 65.91  and the lowest listed price was  64.82 . The trading volume for the day was 556.1 K. The trading history from June 30, 2023 was a factor to the next trading day price gain. The trading delta at closing time against the next closing price was 0.75% . The trading delta at closing time against the current closing price is 2.71% .

New Relic Fundamentals Correlations and Trends

By evaluating New Relic'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 Relic'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 Relic Stock history

New Relic 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 Relic 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 Relic stock prices may prove useful in developing a viable investing in New Relic
New Relic, Inc., a software-as-a-service company, delivers a software platform for customers to collect telemetry data and derive insights from that data in a unified front-end application. New Relic, Inc. was founded in 2007 and is headquartered in San Francisco, California. New Relic operates under SoftwareInfrastructure classification in the United States and is traded on New York Stock Exchange. It employs 2217 people.

New Relic Stock Technical Analysis

New Relic technical stock 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, delisted stock market cycles, or different charting patterns.
A focus of New Relic technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of New Relic trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

New Relic Period Price Range

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New Relic 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 Relic November 26, 2024 Market Strength

Market strength indicators help investors to evaluate how New Relic stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading New Relic shares will generate the highest return on investment. By undertsting and applying New Relic stock market strength indicators, traders can identify New Relic entry and exit signals to maximize returns

New Relic Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for New Relic's price direction in advance. Along with the technical and fundamental analysis of New Stock 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.
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 housing.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

Other Consideration for investing in New Stock

If you are still planning to invest in New Relic check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the New Relic's history and understand the potential risks before investing.
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