Newcore Gold Stock Price on November 12, 2024
| NCAU Stock | CAD 0.39 0.01 2.50% |
If you're considering investing in Newcore Stock, it is important to understand the factors that can impact its price. As of today, the current price of Newcore Gold stands at 0.39, as last reported on the 4th of March, with the highest price reaching 0.41 and the lowest price hitting 0.39 during the day. Newcore Gold appears to be out of control, given 3 months investment horizon. Newcore Gold has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13 % return per unit of risk over the last 3 months. By analyzing Newcore Gold's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please exercise Newcore Gold's Mean Deviation of 2.85, downside deviation of 4.12, and Risk Adjusted Performance of 0.1035 to check out if our risk estimates are consistent with your expectations.
Newcore Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Newcore |
Sharpe Ratio = 0.1276
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Estimated Market Risk
| 4.05 actual daily | 36 64% of assets are more volatile |
Expected Return
| 0.52 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Newcore Gold is performing at about 10% 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 Newcore Gold by adding it to a well-diversified portfolio.
Newcore Gold Valuation on November 12, 2024
It is possible to determine the worth of Newcore Gold on a given historical date. On November 12, 2024 Newcore was worth 0.32 at the beginning of the trading date compared to the closed value of 0.32. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Newcore Gold stock. Still, in general, we apply an absolute valuation method to find Newcore Gold's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Newcore Gold where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Newcore Gold's related companies.
| Open | High | Low | Close | Volume | |
| 0.33 | 0.34 | 0.31 | 0.32 | 499,200 | |
11/12/2024 | 0.32 | 0.32 | 0.32 | 0.32 | 77,300 |
| 0.32 | 0.33 | 0.31 | 0.31 | 818,600 |
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Newcore Gold Trading Date Momentum on November 12, 2024
| On November 13 2024 Newcore Gold was traded for 0.31 at the closing time. The maximum traded price for the trading interval was 0.33 and the lowest daily price was 0.31 . The daily volume was recorded at 818.6 K. The volume of trading on 13th of November 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 3.13% . The trading delta at closing time to the closing price today is 0.00% . |
Newcore Gold Fundamentals Correlations and Trends
By evaluating Newcore Gold's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Newcore Gold's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Newcore financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Newcore Gold Stock history
Newcore Gold investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Newcore is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Newcore Gold will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Newcore Gold stock prices may prove useful in developing a viable investing in Newcore Gold
Newcore Gold Ltd., a mineral exploration and mine development company, engages in the acquisition, advancement, and development of precious mineral properties in Ghana. Newcore Gold Ltd. was incorporated in 2010 and is headquartered in Vancouver, Canada. NEWCORE GOLD operates under Gold classification in Exotistan and is traded on Commodity Exchange.
Newcore Gold Stock Technical Analysis
Newcore Gold technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Newcore Gold Period Price Range
Low | March 4, 2025
| High |
0.00 | 0.00 |
Newcore Gold cannot be verified against its exchange. Please verify the symbol is currently traded on TSX Venture Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Newcore Gold March 4, 2025 Market Strength
Market strength indicators help investors to evaluate how Newcore Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Newcore Gold shares will generate the highest return on investment. By undertsting and applying Newcore Gold stock market strength indicators, traders can identify Newcore Gold entry and exit signals to maximize returns
Newcore Gold Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Newcore Gold's price direction in advance. Along with the technical and fundamental analysis of Newcore Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Newcore to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1035 | |||
| Jensen Alpha | 0.5213 | |||
| Total Risk Alpha | 0.8338 | |||
| Sortino Ratio | 0.1375 | |||
| Treynor Ratio | 2.04 |
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Additional Tools for Newcore Stock Analysis
When running Newcore Gold's price analysis, check to measure Newcore 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 Newcore Gold is operating at the current time. Most of Newcore Gold's value examination focuses on studying past and present price action to predict the probability of Newcore 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 Newcore Gold's price. Additionally, you may evaluate how the addition of Newcore Gold to your portfolios can decrease your overall portfolio volatility.