NewMed Energy (Israel) Price on October 14, 2024
| NWMD Stock | 1,119 4.00 0.36% |
If you're considering investing in NewMed Stock, it is important to understand the factors that can impact its price. As of today, the current price of NewMed Energy stands at 1,119, as last reported on the 26th of December, with the highest price reaching 1,132 and the lowest price hitting 1,114 during the day. NewMed Energy appears to be very steady, given 3 months investment horizon. NewMed Energy has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for NewMed Energy, which you can use to evaluate the volatility of the firm. Please exercise NewMed Energy's Risk Adjusted Performance of 0.1715, mean deviation of 1.38, and Downside Deviation of 1.36 to check out if our risk estimates are consistent with your expectations.
NewMed Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
NewMed |
Sharpe Ratio = 0.144
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Estimated Market Risk
| 1.51 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.22 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average NewMed Energy is performing at about 11% 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 NewMed Energy by adding it to a well-diversified portfolio.
NewMed Energy Valuation on October 14, 2024
It is possible to determine the worth of NewMed Energy on a given historical date. On October 14, 2024 NewMed was worth 975.64 at the beginning of the trading date compared to the closed value of 990.67. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NewMed Energy stock. Still, in general, we apply an absolute valuation method to find NewMed Energy'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 NewMed Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NewMed Energy's related companies.
| Open | High | Low | Close | Volume | |
| 1,020 | 1,020 | 994.05 | 994.15 | 1,425,032 | |
10/14/2024 | 975.64 | 995.05 | 975.64 | 990.67 | 755,780 |
| 1,005 | 1,029 | 1,001 | 1,021 | 3,200,916 |
| Backtest NewMed Energy | | | NewMed Energy History | Previous | Next |
NewMed Energy Trading Date Momentum on October 14, 2024
| On October 15 2024 NewMed Energy was traded for 1,021 at the closing time. The highest price during the trading period was 1,029 and the lowest recorded bid was listed for 1,001 . The volume for the day was 3.2 M. This history from October 15, 2024 contributed to the next trading day price jump. The trading delta at closing time to the next closing price was 3.07% . The trading delta at closing time to the current price is 8.90% . |
Price Boundaries
NewMed Energy Period Price Range
Low | December 26, 2024
| High |
0.00 | 0.00 |
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NewMed Energy December 26, 2024 Market Strength
Market strength indicators help investors to evaluate how NewMed Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NewMed Energy shares will generate the highest return on investment. By undertsting and applying NewMed Energy stock market strength indicators, traders can identify NewMed Energy entry and exit signals to maximize returns
NewMed Energy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NewMed Energy's price direction in advance. Along with the technical and fundamental analysis of NewMed Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NewMed 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 | 0.1715 | |||
| Jensen Alpha | 0.3407 | |||
| Total Risk Alpha | 0.2736 | |||
| Sortino Ratio | 0.23 | |||
| Treynor Ratio | 1.55 |
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Complementary Tools for NewMed Stock analysis
When running NewMed Energy's price analysis, check to measure NewMed Energy'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 NewMed Energy is operating at the current time. Most of NewMed Energy's value examination focuses on studying past and present price action to predict the probability of NewMed Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NewMed Energy's price. Additionally, you may evaluate how the addition of NewMed Energy to your portfolios can decrease your overall portfolio volatility.
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