NewGold Palladium (South Africa) Performance
| NGPLD Etf | 17,352 109.00 0.63% |
The etf secures a Beta (Market Risk) of 0.25, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NewGold Palladium's returns are expected to increase less than the market. However, during the bear market, the loss of holding NewGold Palladium is expected to be smaller as well.
Risk-Adjusted Performance
3 of 100
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in NewGold Palladium ETF are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. Even with relatively weak basic indicators, NewGold Palladium may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
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NewGold Palladium Relative Risk vs. Return Landscape
If you would invest 1,648,100 in NewGold Palladium ETF on August 30, 2024 and sell it today you would earn a total of 87,100 from holding NewGold Palladium ETF or generate 5.28% return on investment over 90 days. NewGold Palladium ETF is generating 0.1092% of daily returns and assumes 2.3646% volatility on return distribution over the 90 days horizon. Simply put, 21% of etfs are less volatile than NewGold, 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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NewGold Palladium Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NewGold Palladium's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as NewGold Palladium ETF, and traders can use it to determine the average amount a NewGold Palladium'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 = 0.0462
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Estimated Market Risk
| 2.36 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average NewGold Palladium is performing at about 3% 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.