Newcore Gold Stock Performance
| NCAU Stock | CAD 0.60 0.02 3.45% |
Newcore Gold holds a performance score of 23 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Newcore Gold are expected to decrease at a much lower rate. During the bear market, Newcore Gold is likely to outperform the market. Use Newcore Gold value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to analyze future returns on Newcore Gold.
Risk-Adjusted Performance
Solid
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Compared to the overall equity markets, risk-adjusted returns on investments in Newcore Gold are ranked lower than 23 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, Newcore Gold showed solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 586.1 K |
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Newcore Gold Relative Risk vs. Return Landscape
If you would invest 30.00 in Newcore Gold on December 20, 2024 and sell it today you would earn a total of 30.00 from holding Newcore Gold or generate 100.0% return on investment over 90 days. Newcore Gold is generating 1.2223% of daily returns assuming 4.085% volatility of returns over the 90 days investment horizon. Simply put, 36% of all stocks have less volatile historical return distribution than Newcore Gold, and 76% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Newcore Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Newcore Gold's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Newcore Gold, and traders can use it to determine the average amount a Newcore 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 = 0.2992
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Estimated Market Risk
| 4.09 actual daily | 36 64% of assets are more volatile |
Expected Return
| 1.22 actual daily | 24 76% of assets have higher returns |
Risk-Adjusted Return
| 0.3 actual daily | 23 77% of assets perform better |
Based on monthly moving average Newcore Gold is performing at about 23% 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 Fundamentals Growth
Newcore Stock prices reflect investors' perceptions of the future prospects and financial health of Newcore Gold, and Newcore 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 Newcore Stock performance.
| Return On Equity | -0.0555 | |||
| Return On Asset | -0.0303 | |||
| Current Valuation | 121.92 M | |||
| Shares Outstanding | 250.29 M | |||
| Price To Book | 2.40 X | |||
| EBITDA | (2.47 M) | |||
| Cash And Equivalents | 13.21 M | |||
| Cash Per Share | 0.14 X | |||
| Total Debt | 170.25 K | |||
| Book Value Per Share | 0.26 X | |||
| Cash Flow From Operations | (1.99 M) | |||
| Earnings Per Share | (0.02) X | |||
| Total Asset | 46.23 M | |||
| Retained Earnings | (15.78 M) | |||
About Newcore Gold Performance
Evaluating Newcore Gold's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Newcore Gold has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Newcore Gold has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
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.Things to note about Newcore Gold performance evaluation
Checking the ongoing alerts about Newcore Gold for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Newcore Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Newcore Gold has some characteristics of a very speculative penny stock | |
| Newcore Gold appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (2.42 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Newcore Gold has accumulated about 13.21 M in cash with (1.99 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.14. | |
| Roughly 18.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing Newcore 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 Newcore Gold's stock is overvalued or undervalued compared to its peers.
- Examining Newcore 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 Newcore Gold's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Newcore Gold's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Newcore Gold's stock. These opinions can provide insight into Newcore Gold's potential for growth and whether the stock is currently undervalued or overvalued.
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.