New America High Etf Price on November 14, 2022
| HYB Etf | USD 7.00 0.13 1.82% |
Below is the normalized historical share price chart for New America High extending back to February 19, 1988. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of New America stands at 7.00, as last reported on the 16th of April 2024, with the highest price reaching 7.12 and the lowest price hitting 6.99 during the day.
If you're considering investing in New Etf, it is important to understand the factors that can impact its price. We consider New America very steady. New America High has Sharpe Ratio of 0.007, which conveys that the entity had a 0.007% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for New America, which you can use to evaluate the volatility of the etf. Please verify New America's Standard Deviation of 0.5027, risk adjusted performance of (0.01), and Mean Deviation of 0.383 to check out if the risk estimate we provide is consistent with the expected return of 0.0035%.
New Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
New |
Sharpe Ratio = 0.007
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| Negative Returns | HYB |
Estimated Market Risk
| 0.5 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average New America is not performing at its full potential. However, 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 New America by adding New America to a well-diversified portfolio.
Market Capitalization 181.9 M |
New America Valuation on November 14, 2022
It is possible to determine the worth of New America on a given historical date. On November 14, 2022 New was worth 6.87 at the beginning of the trading date compared to the closed value of 6.11. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of New America etf. Still, in general, we apply an absolute valuation method to find New America'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 New America where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against New America's related companies.
| Open | High | Low | Close | Volume | |
| 6.94 | 6.95 | 6.18 | 6.18 | 32,777 | |
11/14/2022 | 6.87 | 6.88 | 6.11 | 6.11 | 49,487 |
| 6.85 | 6.87 | 6.19 | 6.19 | 44,906 |
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New America Trading Date Momentum on November 14, 2022
| On November 15 2022 New America High was traded for 6.19 at the closing time. Highest New America's price during the trading hours was 6.87 and the lowest price during the day was 6.19 . The net volume was 44.9 K. The overall trading history on the 15th of November 2022 contributed to the next trading period price jump. The trading delta at closing time to the next next day price was 1.31% . The trading delta at closing time to current price is 15.06% . |
New America High Fundamentals Correlations and Trends
By evaluating New America's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among New America's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. New financial account trend analysis is a perfect complement when working with valuation or volatility modules.About New America Etf history
New America investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for New is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in New America High will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing New America stock prices may prove useful in developing a viable investing in New America
The New America High Income Fund Inc. is a closed-ended fixed income mutual fund launched and managed by T. New America is listed under Asset Management in the United States and is traded on New York Stock Exchange exchange.
New America Etf Technical Analysis
New America technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
New America Period Price Range
Low | November 14, 2022
| High |
6.87 | 6.11 |
New America April 16, 2024 Market Strength
Market strength indicators help investors to evaluate how New America etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading New America shares will generate the highest return on investment. By undertsting and applying New America etf market strength indicators, traders can identify New America High entry and exit signals to maximize returns
| Accumulation Distribution | 5538.52 | |||
| Daily Balance Of Power | (0.99) | |||
| Rate Of Daily Change | 0.89 | |||
| Day Median Price | 6.5 | |||
| Day Typical Price | 6.37 | |||
| Price Action Indicator | (0.76) | |||
| Period Momentum Indicator | 0.89 |
New America Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for New America's price direction in advance. Along with the technical and fundamental analysis of New Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of New 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.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.04) |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in New America High. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
The market value of New America High is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New America's value that differs from its market value or its book value, called intrinsic value, which is New America's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because New America's market value can be influenced by many factors that don't directly affect New America's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between New America's value and its price as these two are different measures arrived at by different means. Investors typically determine if New America is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New America's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.