NewWave Platinum (South Africa) Performance
| NEWPLT Etf | 16,716 161.00 0.97% |
The etf secures a Beta (Market Risk) of 0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NewWave Platinum's returns are expected to increase less than the market. However, during the bear market, the loss of holding NewWave Platinum is expected to be smaller as well.
Risk-Adjusted Performance
2 of 100
Weak | Strong |
Weak
Compared to the overall equity markets, risk-adjusted returns on investments in NewWave Platinum Exchange are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong basic indicators, NewWave Platinum is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more
NewWave |
NewWave Platinum Relative Risk vs. Return Landscape
If you would invest 1,637,900 in NewWave Platinum Exchange on August 27, 2024 and sell it today you would earn a total of 33,700 from holding NewWave Platinum Exchange or generate 2.06% return on investment over 90 days. NewWave Platinum Exchange is generating 0.0426% of daily returns and assumes 1.4499% volatility on return distribution over the 90 days horizon. Simply put, 12% of etfs are less volatile than NewWave, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
NewWave Platinum Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NewWave Platinum's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as NewWave Platinum Exchange, and traders can use it to determine the average amount a NewWave Platinum'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 = 0.0294
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NEWPLT |
Estimated Market Risk
| 1.45 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average NewWave Platinum is performing at about 2% 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 Platinum by adding it to a well-diversified portfolio.