NewGold Palladium (South Africa) Price on November 13, 2024
| NGPLD Etf | 17,105 247.00 1.42% |
If you're considering investing in NewGold Etf, it is important to understand the factors that can impact its price. As of today, the current price of NewGold Palladium stands at 17,105, as last reported on the 29th of November, with the highest price reaching 17,353 and the lowest price hitting 17,057 during the day. NewGold Palladium is very steady at the moment. NewGold Palladium ETF has Sharpe Ratio of 0.0238, which conveys that the entity had a 0.0238% return per unit of risk over the last 3 months. We have found thirty technical indicators for NewGold Palladium, which you can use to evaluate the volatility of the etf. Please verify NewGold Palladium's Mean Deviation of 1.85, risk adjusted performance of 0.0411, and Downside Deviation of 2.46 to check out if the risk estimate we provide is consistent with the expected return of 0.0562%.
NewGold Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
NewGold |
Sharpe Ratio = 0.0238
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| Cash | Small Risk | NGPLD | High Risk | Huge Risk |
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Estimated Market Risk
| 2.36 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average NewGold Palladium is performing at about 1% 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 Palladium by adding it to a well-diversified portfolio.
NewGold Palladium Valuation on November 13, 2024
It is possible to determine the worth of NewGold Palladium on a given historical date. On November 13, 2024 NewGold was worth 16649.0 at the beginning of the trading date compared to the closed value of 16359.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NewGold Palladium etf. Still, in general, we apply an absolute valuation method to find NewGold Palladium'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 Palladium where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NewGold Palladium's related companies.
| Open | High | Low | Close | Volume | |
| 16,644 | 16,917 | 16,644 | 16,680 | 1,344 | |
11/13/2024 | 16,649 | 16,688 | 16,359 | 16,359 | 2,696 |
| 16,322 | 16,464 | 16,230 | 16,312 | 775.00 |
| Backtest NewGold Palladium | | | NewGold Palladium History | Previous | Next |
NewGold Palladium Trading Date Momentum on November 13, 2024
| On November 14 2024 NewGold Palladium ETF was traded for 16,312 at the closing time. The highest price during the trading period was 16,464 and the lowest recorded bid was listed for 16,230 . The volume for the day was 775. This history from November 14, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.29% . The trading delta at closing time to the current price is 6.76% . |
Price Boundaries
NewGold Palladium Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
NewGold Palladium ETF 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.
NewGold Palladium November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how NewGold Palladium etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NewGold Palladium shares will generate the highest return on investment. By undertsting and applying NewGold Palladium etf market strength indicators, traders can identify NewGold Palladium ETF entry and exit signals to maximize returns
NewGold Palladium Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NewGold Palladium's price direction in advance. Along with the technical and fundamental analysis of NewGold Etf 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.