New America Acquisition I (NWAX)
Market Price (7/8/2026): $10.16 | Market Cap: $506.0 MilSector: Financials | Industry: Multi-Sector Holdings
New America Acquisition I (NWAX)
Market Price (7/8/2026): $10.16Market Cap: $506.0 MilSector: FinancialsIndustry: Multi-Sector Holdings
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Low stock price volatilityVol 12M is 3.9% | Trading close to highsDist 52W High is -0.8%, Dist 3Y High is -0.8% Weak multi-year price returns2Y Excs Rtn is -38%, 3Y Excs Rtn is -71% |
| Low stock price volatilityVol 12M is 3.9% |
| Trading close to highsDist 52W High is -0.8%, Dist 3Y High is -0.8% |
| Weak multi-year price returns2Y Excs Rtn is -38%, 3Y Excs Rtn is -71% |
Qualitative Assessment
AI Analysis | Feedback
Updated on 7/1/2026
New America Acquisition I (NWAX) stock has remained largely at the same level since 3/31/2026 because of the following key factors:
1. Stock price stability driven by its Special Purpose Acquisition Company (SPAC) structure and trust value.
New America Acquisition I (NWAX) is a Special Purpose Acquisition Company (SPAC) that completed its Initial Public Offering (IPO) on December 5, 2025, with units priced at $10.00 each and proceeds held in a trust account. Since March 31, 2026 (the end of fiscal Q1 2026, given the company's fiscal year ends December 31), the stock has consistently traded close to this initial IPO price and trust value, with its 52-week low at $9.68 and high at $10.39. This stable trading around the cash-in-trust value is typical for pre-deal SPACs awaiting an acquisition.
2. Absence of a definitive business combination announcement.
As of July 1, 2026, New America Acquisition I remains in a "Pre-Deal" status, actively seeking an acquisition target with an enterprise value of $700 million or greater. The company has not publicly announced a definitive merger agreement or a target business, which would typically serve as a significant catalyst for stock price movement beyond its trust value. In the absence of such a deal, investor sentiment and stock movements are largely subdued.
Show more
New America Acquisition I (NWAX) stock has remained largely at the same level since 3/31/2026 because of the following key factors:
1. Stock price stability driven by its Special Purpose Acquisition Company (SPAC) structure and trust value.
New America Acquisition I (NWAX) is a Special Purpose Acquisition Company (SPAC) that completed its Initial Public Offering (IPO) on December 5, 2025, with units priced at $10.00 each and proceeds held in a trust account. Since March 31, 2026 (the end of fiscal Q1 2026, given the company's fiscal year ends December 31), the stock has consistently traded close to this initial IPO price and trust value, with its 52-week low at $9.68 and high at $10.39. This stable trading around the cash-in-trust value is typical for pre-deal SPACs awaiting an acquisition.
2. Absence of a definitive business combination announcement.
As of July 1, 2026, New America Acquisition I remains in a "Pre-Deal" status, actively seeking an acquisition target with an enterprise value of $700 million or greater. The company has not publicly announced a definitive merger agreement or a target business, which would typically serve as a significant catalyst for stock price movement beyond its trust value. In the absence of such a deal, investor sentiment and stock movements are largely subdued.
Show more
Updated on 7/1/2026
New America Acquisition I (NWAX) stock has remained largely at the same level since 3/31/2026 because of the following key factors:
1. Stock price stability driven by its Special Purpose Acquisition Company (SPAC) structure and trust value.
New America Acquisition I (NWAX) is a Special Purpose Acquisition Company (SPAC) that completed its Initial Public Offering (IPO) on December 5, 2025, with units priced at $10.00 each and proceeds held in a trust account. Since March 31, 2026 (the end of fiscal Q1 2026, given the company's fiscal year ends December 31), the stock has consistently traded close to this initial IPO price and trust value, with its 52-week low at $9.68 and high at $10.39. This stable trading around the cash-in-trust value is typical for pre-deal SPACs awaiting an acquisition.
2. Absence of a definitive business combination announcement.
As of July 1, 2026, New America Acquisition I remains in a "Pre-Deal" status, actively seeking an acquisition target with an enterprise value of $700 million or greater. The company has not publicly announced a definitive merger agreement or a target business, which would typically serve as a significant catalyst for stock price movement beyond its trust value. In the absence of such a deal, investor sentiment and stock movements are largely subdued.
3. Lack of company-specific operational or financial news.
As a blank-check company, NWAX does not have operating revenue or core business performance metrics to report in the traditional sense. Its fiscal Q1 2026 earnings report, filed on May 14, 2026, focused on the ongoing merger search activities rather than operational results, which is consistent for a pre-combination SPAC. The absence of material company-specific financial or operational news contributes to the stock's stable price trend, as there are no earnings beats or misses, or significant business developments to impact valuation.
Show less
New America Acquisition I (NWAX) stock has remained largely at the same level since 3/31/2026 because of the following key factors:
1. Stock price stability driven by its Special Purpose Acquisition Company (SPAC) structure and trust value.
New America Acquisition I (NWAX) is a Special Purpose Acquisition Company (SPAC) that completed its Initial Public Offering (IPO) on December 5, 2025, with units priced at $10.00 each and proceeds held in a trust account. Since March 31, 2026 (the end of fiscal Q1 2026, given the company's fiscal year ends December 31), the stock has consistently traded close to this initial IPO price and trust value, with its 52-week low at $9.68 and high at $10.39. This stable trading around the cash-in-trust value is typical for pre-deal SPACs awaiting an acquisition.
2. Absence of a definitive business combination announcement.
As of July 1, 2026, New America Acquisition I remains in a "Pre-Deal" status, actively seeking an acquisition target with an enterprise value of $700 million or greater. The company has not publicly announced a definitive merger agreement or a target business, which would typically serve as a significant catalyst for stock price movement beyond its trust value. In the absence of such a deal, investor sentiment and stock movements are largely subdued.
3. Lack of company-specific operational or financial news.
As a blank-check company, NWAX does not have operating revenue or core business performance metrics to report in the traditional sense. Its fiscal Q1 2026 earnings report, filed on May 14, 2026, focused on the ongoing merger search activities rather than operational results, which is consistent for a pre-combination SPAC. The absence of material company-specific financial or operational news contributes to the stock's stable price trend, as there are no earnings beats or misses, or significant business developments to impact valuation.
Show less
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Stock Movement Drivers
Fundamental Drivers
The 1.3% change in NWAX stock from 3/31/2026 to 7/7/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 7072026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.01 | 10.14 | 1.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | � | 0.0% |
| Net Income Margin (%) | � | � | 0.0% |
| P/E Multiple | � | � | 0.0% |
| Shares Outstanding (Mil) | 45 | 50 | -9.0% |
| Cumulative Contribution | 0.0% |
Market Drivers
3/31/2026 to 7/7/2026| Return | Correlation | |
|---|---|---|
| NWAX | 1.3% | |
| Market (SPY) | 15.0% | 3.1% |
| Sector (XLF) | 13.5% | -7.9% |
Fundamental Drivers
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Market Drivers
12/31/2025 to 7/7/2026| Return | Correlation | |
|---|---|---|
| NWAX | ||
| Market (SPY) | 9.9% | 10.9% |
| Sector (XLF) | 2.9% | 5.6% |
Fundamental Drivers
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Market Drivers
6/30/2025 to 7/7/2026| Return | Correlation | |
|---|---|---|
| NWAX | ||
| Market (SPY) | 22.0% | 10.9% |
| Sector (XLF) | 8.3% | 5.6% |
Fundamental Drivers
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Market Drivers
6/30/2023 to 7/7/2026| Return | Correlation | |
|---|---|---|
| NWAX | ||
| Market (SPY) | 74.6% | 10.9% |
| Sector (XLF) | 73.7% | 5.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NWAX Return | - | - | - | - | - | -1% | -1% |
| Peers Return | 0% | 0% | |||||
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| NWAX Win Rate | - | - | - | - | - | 29% | |
| Peers Win Rate | 60% | ||||||
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 57% | |
Max Drawdowns [4] | |||||||
| NWAX Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | |||||||
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: AACP, ACGC, AMAN, APUR, ARCL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/7/2026 (YTD)
How Low Can It Go
NWAX has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.5% | -18.8% |
| % Gain to Breakeven | 18.4% | 23.1% |
| Time to Breakeven | 80 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -10.7% | -9.5% |
| % Gain to Breakeven | 12.0% | 10.5% |
| Time to Breakeven | 26 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -16.1% | -6.7% |
| % Gain to Breakeven | 19.1% | 7.1% |
| Time to Breakeven | 270 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.7% | -19.2% |
| % Gain to Breakeven | 24.5% | 23.8% |
| Time to Breakeven | 123 days | 105 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
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Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
NWAX has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -21.4% | -12.2% |
| % Gain to Breakeven | 27.3% | 13.9% |
| Time to Breakeven | 272 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -26.1% | -17.9% |
| % Gain to Breakeven | 35.3% | 21.8% |
| Time to Breakeven | 162 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -78.3% | -53.4% |
| % Gain to Breakeven | 359.8% | 114.4% |
| Time to Breakeven | 2329 days | 1085 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 10.05 |
| Mkt Cap | 0.5 |
| Rev LTM | - |
| Op Inc LTM | - |
| FCF LTM | - |
| FCF 3Y Avg | - |
| CFO LTM | - |
| CFO 3Y Avg | - |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | - |
| Rev Chg 3Y Avg | - |
| Rev Chg Q | - |
| QoQ Delta Rev Chg LTM | - |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | - |
| CFO/Rev 3Y Avg | - |
| FCF/Rev LTM | - |
| FCF/Rev 3Y Avg | - |
Price Behavior
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NWAX Betas & Captures as of 6/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.01 | 0.01 | -0.00 | -0.03 | -0.00 | -0.02 |
| Up Beta | -0.19 | -0.17 | -0.08 | 0.02 | -0.01 | 0.02 |
| Down Beta | -0.27 | -0.09 | -0.09 | -0.00 | 0.06 | -0.07 |
| Up Capture | 15% | 11% | 6% | 4% | 2% | 0% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 9 | 16 | 28 | 41 | 41 | 41 |
| Down Capture | 17% | 10% | 7% | 8% | 5% | 3% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 11 | 17 | 25 | 45 | 45 | 45 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NWAX | |
|---|---|---|---|---|
| NWAX | -0.6% | 3.9% | -1.47 | - |
| Sector ETF (XLF) | 6.7% | 14.7% | 0.22 | 5.6% |
| Equity (SPY) | 20.7% | 12.5% | 1.22 | 10.9% |
| Gold (GLD) | 23.0% | 27.8% | 0.73 | 28.9% |
| Commodities (DBC) | 22.9% | 18.6% | 0.97 | 26.9% |
| Real Estate (VNQ) | 13.6% | 13.8% | 0.68 | 3.0% |
| Bitcoin (BTCUSD) | -41.8% | 42.8% | -1.14 | 14.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NWAX | |
|---|---|---|---|---|
| NWAX | -0.1% | 3.9% | -1.47 | - |
| Sector ETF (XLF) | 10.7% | 18.6% | 0.44 | 5.6% |
| Equity (SPY) | 13.3% | 17.1% | 0.60 | 10.9% |
| Gold (GLD) | 17.8% | 18.3% | 0.79 | 28.9% |
| Commodities (DBC) | 7.6% | 19.5% | 0.29 | 26.9% |
| Real Estate (VNQ) | 3.1% | 18.9% | 0.06 | 3.0% |
| Bitcoin (BTCUSD) | 13.2% | 53.5% | 0.43 | 14.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NWAX | |
|---|---|---|---|---|
| NWAX | -0.1% | 3.9% | -1.47 | - |
| Sector ETF (XLF) | 14.1% | 22.1% | 0.58 | 5.6% |
| Equity (SPY) | 15.7% | 17.9% | 0.75 | 10.9% |
| Gold (GLD) | 11.6% | 16.1% | 0.59 | 28.9% |
| Commodities (DBC) | 6.2% | 18.0% | 0.27 | 26.9% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 3.0% |
| Bitcoin (BTCUSD) | 57.9% | 66.2% | 0.98 | 14.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Multi-Sector Holdings Resources |
| McKinsey & Company Insights |
| Harvard Business Review |
| ValueWalk |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 7/7/2026