NewWave Silver (South Africa) Performance
| NEWSLV Etf | 537.00 9.00 1.70% |
The etf secures a Beta (Market Risk) of -0.5, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning NewWave Silver are expected to decrease at a much lower rate. During the bear market, NewWave Silver is likely to outperform the market.
Risk-Adjusted Performance
6 of 100
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Modest
Compared to the overall equity markets, risk-adjusted returns on investments in NewWave Silver Exchange are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, NewWave Silver may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
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NewWave Silver Relative Risk vs. Return Landscape
If you would invest 50,100 in NewWave Silver Exchange on August 26, 2024 and sell it today you would earn a total of 3,600 from holding NewWave Silver Exchange or generate 7.19% return on investment over 90 days. NewWave Silver Exchange is generating 0.1184% of daily returns and assumes 1.5347% volatility on return distribution over the 90 days horizon. Simply put, 13% of etfs are less volatile than NewWave, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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NewWave Silver Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NewWave Silver's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as NewWave Silver Exchange, and traders can use it to determine the average amount a NewWave Silver's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0772
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| Cash | Small Risk | NEWSLV | High Risk | Huge Risk |
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Estimated Market Risk
| 1.53 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average NewWave Silver is performing at about 6% 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 Silver by adding it to a well-diversified portfolio.
About NewWave Silver Performance
By analyzing NewWave Silver's fundamental ratios, stakeholders can gain valuable insights into NewWave Silver's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if NewWave Silver has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if NewWave Silver has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.