Published on 26 Oct 2023 on Simply Wall St. via Yahoo Finance
New Relic (NYSE:NEWR) shareholders have earned a 43% return over the last year
These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But you can significantly boost your returns by picking above-average stocks. For example, the New Relic, Inc. (NYSE:NEWR) share price is up 43% in the last 1 year, clearly besting the market return of around 7.9% (not including dividends). That's a solid performance by our standards! Looking back further, the stock price is 39% higher than it was three years ago.
Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business.
View our latest analysis for New Relic