New Wave (Sweden) Price on March 9, 2023

NEWA-B Stock  SEK 96.75  0.46  0.48%   
If you're considering investing in New Stock, it is important to understand the factors that can impact its price. As of today, the current price of New Wave stands at 96.75, as last reported on the 2nd of December, with the highest price reaching 97.75 and the lowest price hitting 95.50 during the day. New Wave Group has Sharpe Ratio of -0.0717, which conveys that the firm had a -0.0717% return per unit of risk over the last 3 months. New Wave exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify New Wave's Mean Deviation of 1.53, risk adjusted performance of (0.06), and Standard Deviation of 2.14 to check out the risk estimate we provide.
  
New Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0717

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Estimated Market Risk

 2.14
  actual daily
19
81% of assets are more volatile

Expected Return

 -0.15
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.07
  actual daily
0
Most of other assets perform better
Based on monthly moving average New Wave 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 Wave by adding New Wave to a well-diversified portfolio.

New Wave Valuation on March 9, 2023

It is possible to determine the worth of New Wave on a given historical date. On March 9, 2023 New was worth 84.98 at the beginning of the trading date compared to the closed value of 84.61. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of New Wave stock. Still, in general, we apply an absolute valuation method to find New Wave'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 Wave where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against New Wave's related companies.
 Open High Low Close Volume
  83.42    85.44    83.06    84.98    623,320  
03/09/2023
  84.98    85.57    83.83    84.61    441,702  
  82.87    83.28    81.91    82.51    646,388  
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Open Value
84.98
84.61
Closing Value
91.40
Upside

New Wave Trading Date Momentum on March 9, 2023

On March 10 2023 New Wave Group was traded for  82.51  at the closing time. The highest price during the trading period was 83.28  and the lowest recorded bid was listed for  81.91 . The volume for the day was 646.4 K. This history from March 10, 2023 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 2.48% . The trading delta at closing time to the current price is 6.17% .

New Wave Group Fundamentals Correlations and Trends

By evaluating New Wave'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 Wave'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 Wave Stock history

New Wave 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 Wave Group 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 Wave stock prices may prove useful in developing a viable investing in New Wave
New Wave Group AB designs, acquires, and develops brands and products in the corporate promo, sports, gifts, and home furnishings sectors in Sweden, the United States, rest of Nordic countries, Central Europe, Southern Europe, and internationally. New Wave Group AB was founded in 1990 and is headquartered in Gothenburg, Sweden. New Wave operates under Diversified Wholesale And Retail classification in Sweden and is traded on Stockholm Stock Exchange. It employs 2597 people.

New Wave Stock Technical Analysis

New Wave technical stock 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, stock market cycles, or different charting patterns.
A focus of New Wave technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of New Wave trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

New Wave Period Price Range

Low
December 2, 2024
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New Wave Group cannot be verified against its exchange. Please verify the symbol is currently traded on Stockholm Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

New Wave December 2, 2024 Market Strength

Market strength indicators help investors to evaluate how New Wave stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading New Wave shares will generate the highest return on investment. By undertsting and applying New Wave stock market strength indicators, traders can identify New Wave Group entry and exit signals to maximize returns

New Wave Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for New Wave's price direction in advance. Along with the technical and fundamental analysis of New Stock 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.

Complementary Tools for New Stock analysis

When running New Wave's price analysis, check to measure New Wave's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New Wave is operating at the current time. Most of New Wave's value examination focuses on studying past and present price action to predict the probability of New Wave's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Wave's price. Additionally, you may evaluate how the addition of New Wave to your portfolios can decrease your overall portfolio volatility.
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