New Hope (Germany) Price on December 13, 2023
OD8 Stock | EUR 2.93 0.05 1.68% |
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 Hope stands at 2.93, as last reported on the 29th of December, with the highest price reaching 2.98 and the lowest price hitting 2.93 during the day. New Hope has Sharpe Ratio of -0.014, which conveys that the firm had a -0.014% return per unit of risk over the last 3 months. New Hope exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify New Hope's Risk Adjusted Performance of 0.0534, mean deviation of 1.72, and Downside Deviation of 2.37 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.
New |
Sharpe Ratio = -0.014
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Estimated Market Risk
2.31 actual daily | 20 80% of assets are more volatile |
Expected Return
-0.03 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 Hope 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 Hope by adding New Hope to a well-diversified portfolio.
New Hope Valuation on December 13, 2023
It is possible to determine the worth of New Hope on a given historical date. On December 13, 2023 New was worth 2.61 at the beginning of the trading date compared to the closed value of 2.61. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of New Hope stock. Still, in general, we apply an absolute valuation method to find New Hope'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 Hope where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against New Hope's related companies.
Open | High | Low | Close | Volume | |
2.70 | 2.70 | 2.70 | 2.70 | 1.00 | |
12/13/2023 | 2.61 | 2.61 | 2.61 | 2.61 | 1.00 |
2.68 | 2.68 | 2.68 | 2.68 | 1.00 |
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New Hope Trading Date Momentum on December 13, 2023
On December 14 2023 New Hope was traded for 2.68 at the closing time. The highest daily price throughout the period was 2.68 and the lowest price was 2.68 . There was no trading activity during the period 1.0. Lack of trading volume on 12/14/2023 added to the next day price rise. The trading delta at closing time to closing price of the next trading day was 2.68% . The trading delta at closing time to current closing price is 7.28% . |
New Hope Fundamentals Correlations and Trends
By evaluating New Hope'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 Hope'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 Hope Stock history
New Hope 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 Hope 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 Hope stock prices may prove useful in developing a viable investing in New Hope
New Hope Corporation Limited explores, develops, produces, and processes coal, and oil and gas properties. New Hope Corporation Limited is a subsidiary of Washington H. NEW HOPE operates under Coal classification in Germany and is traded on Frankfurt Stock Exchange.
New Hope Stock Technical Analysis
New Hope 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.
Price Boundaries
New Hope Period Price Range
Low | December 29, 2024
| High |
0.00 | 0.00 |
New Hope cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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 Hope December 29, 2024 Market Strength
Market strength indicators help investors to evaluate how New Hope 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 Hope shares will generate the highest return on investment. By undertsting and applying New Hope stock market strength indicators, traders can identify New Hope entry and exit signals to maximize returns
New Hope Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for New Hope'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.
Risk Adjusted Performance | 0.0534 | |||
Jensen Alpha | 0.1307 | |||
Total Risk Alpha | 0.0642 | |||
Sortino Ratio | 0.0461 | |||
Treynor Ratio | 4.25 |
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Volume Indicators |
Complementary Tools for New Stock analysis
When running New Hope's price analysis, check to measure New Hope'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 Hope is operating at the current time. Most of New Hope's value examination focuses on studying past and present price action to predict the probability of New Hope'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 Hope's price. Additionally, you may evaluate how the addition of New Hope to your portfolios can decrease your overall portfolio volatility.
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