NZSE (New Zealand) Performance

NZ50
 Index
  

 11,435  83.50  0.72%   

The index secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. Let's try to break down what NZSE's beta means in this case. the returns on MARKET and NZSE are completely uncorrelated. Although it is important to respect NZSE price patterns, it is better to be realistic regarding the information on the equity's historical price patterns. The philosophy towards estimating future performance of any index is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By reviewing NZSE technical indicators, you can currently evaluate if the expected return of 0.0632% will be sustainable into the future.

NZSE Relative Risk vs. Return Landscape

If you would invest  1,099,792  in NZSE on June 27, 2022 and sell it today you would earn a total of  43,690  from holding NZSE or generate 3.97% return on investment over 90 days. NZSE is currently producing 0.0632% returns and takes up 0.6845% volatility of returns over 90 trading days. Put another way, 5% of traded indexs are less volatile than NZSE, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Daily Expected Return (%)  
       Risk (%)  
Assuming the 90 days horizon NZSE is expected to generate 0.62 times more return on investment than the market. However, the company is 1.61 times less risky than the market. It trades about 0.09 of its potential returns per unit of risk. The DOW is currently generating roughly -0.08 per unit of risk.

NZSE Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for NZSE's investment risk. Standard deviation is the most common way to measure market volatility of indexs, such as NZSE, and traders can use it to determine the average amount a NZSE'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 = 0.0923

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Estimated Market Risk
 0.68
  actual daily
 
 5 %
of total potential
 
55
Expected Return
 0.06
  actual daily
 
 1 %
of total potential
 
11
Risk-Adjusted Return
 0.09
  actual daily
 
 7 %
of total potential
 
77
Based on monthly moving average NZSE is performing at about 7% 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 NZSE by adding it to a well-diversified portfolio.

About NZSE Performance

To evaluate NZSE Index as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when NZSE generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare NZSE Index's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand NZSE market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents NZSE's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.

Things to note about NZSE

Checking the ongoing alerts about NZSE for important developments is a great way to find new opportunities for your next move. Index alerts and notifications screener for NZSE help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Check out Your Current Watchlist. Note that the NZSE information on this page should be used as a complementary analysis to other NZSE's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Global Correlations module to find global opportunities by holding instruments from different markets.

Other Tools for NZSE Index

When running NZSE price analysis, check to measure NZSE'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 NZSE is operating at the current time. Most of NZSE's value examination focuses on studying past and present price action to predict the probability of NZSE's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move NZSE's price. Additionally, you may evaluate how the addition of NZSE to your portfolios can decrease your overall portfolio volatility.
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