NewWave Silver (South Africa) Market Value
| NEWSLV Etf | 525.00 2.00 0.38% |
| Symbol | NewWave |
NewWave Silver 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to NewWave Silver's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of NewWave Silver.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in NewWave Silver on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding NewWave Silver Exchange or generate 0.0% return on investment in NewWave Silver over 30 days. NewWave Silver is related to or competes with Sabvest Capital, Growthpoint Properties, Shoprite Holdings, Dis Chem, and Impala Platinum. More
NewWave Silver Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure NewWave Silver's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess NewWave Silver Exchange upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.78 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.65 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 2.75 |
NewWave Silver Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NewWave Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NewWave Silver's standard deviation. In reality, there are many statistical measures that can use NewWave Silver historical prices to predict the future NewWave Silver's volatility.| Risk Adjusted Performance | 0.0484 | |||
| Jensen Alpha | 0.1504 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.13) |
NewWave Silver Exchange Backtested Returns
At this point, NewWave Silver is very steady. NewWave Silver Exchange has Sharpe Ratio of 0.0824, which conveys that the entity had a 0.0824% return per unit of risk over the last 3 months. We have found thirty technical indicators for NewWave Silver, which you can use to evaluate the volatility of the etf. Please verify NewWave Silver's Risk Adjusted Performance of 0.0484, mean deviation of 1.18, and Downside Deviation of 1.78 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. The etf secures a Beta (Market Risk) of -0.59, 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.
Auto-correlation | 0.11 |
Insignificant predictability
NewWave Silver Exchange has insignificant predictability. Overlapping area represents the amount of predictability between NewWave Silver time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NewWave Silver Exchange price movement. The serial correlation of 0.11 indicates that less than 11.0% of current NewWave Silver price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 28.25 |
NewWave Silver Exchange lagged returns against current returns
Autocorrelation, which is NewWave Silver etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting NewWave Silver's etf expected returns. We can calculate the autocorrelation of NewWave Silver returns to help us make a trade decision. For example, suppose you find that NewWave Silver has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
NewWave Silver regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If NewWave Silver etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NewWave Silver etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NewWave Silver etf over time.
Current vs Lagged Prices |
| Timeline |
NewWave Silver Lagged Returns
When evaluating NewWave Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NewWave Silver etf have on its future price. NewWave Silver autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, NewWave Silver autocorrelation shows the relationship between NewWave Silver etf current value and its past values and can show if there is a momentum factor associated with investing in NewWave Silver Exchange.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in NewWave Etf
NewWave Silver financial ratios help investors to determine whether NewWave Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NewWave with respect to the benefits of owning NewWave Silver security.