New Gold Stock Performance
| NGD Stock | USD 1.82 0.02 1.11% |
On a scale of 0 to 100, New Gold holds a performance score of 15. The company secures a Beta (Market Risk) of 1.59, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, New Gold will likely underperform. Please check New Gold's value at risk, kurtosis, market facilitation index, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether New Gold's current price movements will revert.
Risk-Adjusted Performance
15 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in New Gold are ranked lower than 15 (%) of all global equities and portfolios over the last 90 days. In spite of rather unfluctuating technical and fundamental indicators, New Gold exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Last Split Factor 1:3 | Last Split Date 2002-07-25 |
1 | New Gold Q4 2023 Earnings Call Transcript | 02/14/2024 |
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4 | Whats Driving New Gold Incs Surprising 14 percent Stock Rally | 03/11/2024 |
5 | Canterra Minerals Announces the Formation of Technical Advisory Committee for Critical Minerals Projects, Newfoundland | 03/18/2024 |
6 | Gold Mining Stocks Eye Best Month In A Year As Golden Era For The Precious Metal Looms - Markets Insider | 03/26/2024 |
7 | 5 Gold Stocks Soaring To New 12-Month Highs - Forbes | 04/04/2024 |
8 | NGD or TFPM Which Is the Better Value Stock Right Now | 04/12/2024 |
9 | Golden Opportunities 3 Stocks to Buy as Gold Prices Reach New Heights - InvestorPlace | 04/19/2024 |
10 | Is Gold the New Bitcoin 3 Stocks to Ride This Potential Boom - InvestorPlace | 04/23/2024 |
| Begin Period Cash Flow | 200.7 M |
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New Gold Relative Risk vs. Return Landscape
If you would invest 120.00 in New Gold on January 30, 2024 and sell it today you would earn a total of 62.00 from holding New Gold or generate 51.67% return on investment over 90 days. New Gold is generating 0.7275% of daily returns assuming volatility of 3.6468% on return distribution over 90 days investment horizon. In other words, 32% of stocks are less volatile than New, and above 86% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
New Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Gold's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as New Gold, and traders can use it to determine the average amount a New Gold'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 = 0.1995
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Estimated Market Risk
| 3.65 actual daily | 32 68% of assets are more volatile |
Expected Return
| 0.73 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 15 85% of assets perform better |
Based on monthly moving average New Gold is performing at about 15% 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 New Gold by adding it to a well-diversified portfolio.
New Gold Fundamentals Growth
New Stock prices reflect investors' perceptions of the future prospects and financial health of New Gold, and New Gold fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on New Stock performance.
| Return On Equity | -0.0738 | ||||
| Return On Asset | 0.0158 | ||||
| Profit Margin | (0.08) % | ||||
| Operating Margin | (0.02) % | ||||
| Current Valuation | 1.46 B | ||||
| Shares Outstanding | 685.6 M | ||||
| Price To Earning | 5.07 X | ||||
| Price To Book | 1.56 X | ||||
| Price To Sales | 1.59 X | ||||
| Revenue | 799.8 M | ||||
| Gross Profit | 221.7 M | ||||
| EBITDA | 301.22 M | ||||
| Net Income | (65.68 M) | ||||
| Cash And Equivalents | 33.1 M | ||||
| Cash Per Share | 0.48 X | ||||
| Total Debt | 399.15 M | ||||
| Debt To Equity | 0.41 % | ||||
| Current Ratio | 2.81 X | ||||
| Book Value Per Share | 1.15 X | ||||
| Cash Flow From Operations | 264.36 M | ||||
| Earnings Per Share | (0.09) X | ||||
| Market Capitalization | 1.25 B | ||||
| Total Asset | 2.27 B | ||||
| Retained Earnings | (2.33 B) | ||||
| Working Capital | 122.8 M | ||||
| Current Asset | 614.6 M | ||||
| Current Liabilities | 147.3 M | ||||
About New Gold Performance
To evaluate New Gold Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when New Gold 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 New Stock'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 New Gold market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents New'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.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 64.51 | 98.23 | |
| Return On Tangible Assets | (0.03) | (0.03) | |
| Return On Capital Employed | 0.03 | 0.03 | |
| Return On Assets | (0.03) | (0.03) | |
| Return On Equity | (0.08) | (0.09) |
Things to note about New Gold performance evaluation
Checking the ongoing alerts about New Gold for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for New Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| New Gold may become a speculative penny stock | |
| New Gold appears to be risky and price may revert if volatility continues | |
| The company reported the last year's revenue of 799.8 M. Reported Net Loss for the year was (65.68 M) with profit before taxes, overhead, and interest of 221.7 M. | |
| New Gold has a frail financial position based on the latest SEC disclosures | |
| Latest headline from news.google.com: Is Gold the New Bitcoin 3 Stocks to Ride This Potential Boom - InvestorPlace |
- Analyzing New Gold's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether New Gold's stock is overvalued or undervalued compared to its peers.
- Examining New Gold's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating New Gold's management team can have a significant impact on its success or failure. Reviewing the track record and experience of New Gold's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of New Gold's stock. These opinions can provide insight into New Gold's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For information on how to trade New Stock refer to our How to Trade New Stock guide.Note that the New Gold information on this page should be used as a complementary analysis to other New Gold'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 the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Complementary Tools for New Stock analysis
When running New Gold's price analysis, check to measure New Gold'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 Gold is operating at the current time. Most of New Gold's value examination focuses on studying past and present price action to predict the probability of New Gold'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 Gold's price. Additionally, you may evaluate how the addition of New Gold to your portfolios can decrease your overall portfolio volatility.
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Is New Gold's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of New Gold. If investors know New will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about New Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.09) | Revenue Per Share 1.15 | Quarterly Revenue Growth 0.224 | Return On Assets 0.0158 | Return On Equity (0.07) |
The market value of New Gold is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New Gold's value that differs from its market value or its book value, called intrinsic value, which is New Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because New Gold's market value can be influenced by many factors that don't directly affect New Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between New Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if New Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.