New Found Financials
| NFG Stock | CAD 2.50 0.07 2.72% |
New |
Please note, the imprecision that can be found in New Found's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of New Found Gold. Check New Found's Beneish M Score to see the likelihood of New Found's management manipulating its earnings.
New Found Stock Summary
New Found competes with NeXGold Mining, Canadian General, Nicola Mining, Economic Investment, and Pembina Pipeline. New Found Gold Corp., a mineral exploration company, engages in the identification, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, and Ontario. New Found Gold Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada. NEW FOUND is traded on Commodity Exchange in Exotistan.| Foreign Associate | USA |
| Instrument | Canada Stock View All |
| Exchange | TSX Venture Exchange |
| ISIN | CA64440N1033 |
| Business Address | 1600 - 595 |
| Sector | Metals & Mining |
| Industry | Materials |
| Benchmark | Dow Jones Industrial |
| Website | newfoundgold.ca |
| Phone | 845 535 1486 |
| Currency | CAD - Canadian Dollar |
You should never invest in New Found without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of New Stock, because this is throwing your money away. Analyzing the key information contained in New Found's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
New Found Key Financial Ratios
There are many critical financial ratios that New Found's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that New Found Gold reports annually and quarterly.New Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining New Found's current stock value. Our valuation model uses many indicators to compare New Found value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across New Found competition to find correlations between indicators driving New Found's intrinsic value. More Info.New Found Gold is considered to be number one stock in return on equity category among its peers. It is rated below average in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the New Found's earnings, one of the primary drivers of an investment's value.New Found Gold Systematic Risk
New Found's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. New Found volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on New Found Gold correlated with the market. If Beta is less than 0 New Found generally moves in the opposite direction as compared to the market. If New Found Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one New Found Gold is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of New Found is generally in the same direction as the market. If Beta > 1 New Found moves generally in the same direction as, but more than the movement of the benchmark.
New Found March 20, 2025 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of New Found help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of New Found Gold. We use our internally-developed statistical techniques to arrive at the intrinsic value of New Found Gold based on widely used predictive technical indicators. In general, we focus on analyzing New Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build New Found's daily price indicators and compare them against related drivers.
| Downside Deviation | 3.83 | |||
| Information Ratio | 0.063 | |||
| Maximum Drawdown | 17.14 | |||
| Value At Risk | (5.45) | |||
| Potential Upside | 5.93 |
Additional Tools for New Stock Analysis
When running New Found's price analysis, check to measure New Found'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 Found is operating at the current time. Most of New Found's value examination focuses on studying past and present price action to predict the probability of New Found'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 Found's price. Additionally, you may evaluate how the addition of New Found to your portfolios can decrease your overall portfolio volatility.