New Gold Stock Performance
| NGD Stock | CAD 4.78 0.02 0.42% |
On a scale of 0 to 100, New Gold holds a performance score of 13. The company secures a Beta (Market Risk) of 0.44, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, New Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding New Gold is expected to be smaller as well. Please check New Gold's kurtosis, market facilitation index, and 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
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Compared to the overall equity markets, risk-adjusted returns on investments in New Gold are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating fundamental indicators, New Gold displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 185.5 M |
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New Gold Relative Risk vs. Return Landscape
If you would invest 358.00 in New Gold on December 19, 2024 and sell it today you would earn a total of 120.00 from holding New Gold or generate 33.52% return on investment over 90 days. New Gold is generating 0.5267% of daily returns assuming 2.9905% volatility of returns over the 90 days investment horizon. Simply put, 26% of all stocks have less volatile historical return distribution than New Gold, and 90% 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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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 = 0.1761
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Estimated Market Risk
| 2.99 actual daily | 26 74% of assets are more volatile |
Expected Return
| 0.53 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 13 87% of assets perform better |
Based on monthly moving average New Gold is performing at about 13% 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 | 0.11 | ||||
| Return On Asset | 0.0518 | ||||
| Profit Margin | 0.11 % | ||||
| Operating Margin | 0.29 % | ||||
| Current Valuation | 4.21 B | ||||
| Shares Outstanding | 791.3 M | ||||
| Price To Earning | 24.85 X | ||||
| Price To Book | 2.51 X | ||||
| Price To Sales | 4.11 X | ||||
| Revenue | 924.5 M | ||||
| EBITDA | 428.5 M | ||||
| Cash And Equivalents | 33.1 M | ||||
| Cash Per Share | 1.04 X | ||||
| Total Debt | 951.5 M | ||||
| Debt To Equity | 1.33 % | ||||
| Book Value Per Share | 1.33 X | ||||
| Cash Flow From Operations | 392.8 M | ||||
| Earnings Per Share | 0.20 X | ||||
| Total Asset | 2 B | ||||
| Retained Earnings | (2.36 B) | ||||
| Current Asset | 614.6 M | ||||
| Current Liabilities | 147.3 M | ||||
About New Gold Performance
By examining New Gold's fundamental ratios, stakeholders can obtain critical insights into New Gold's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that New Gold is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
New Gold Inc., an intermediate gold mining company, engages in the development and operation of mineral properties. It also holds 100 percent interests in the Blackwater gold-silver project located in British Columbia, Canada and operates the Cerro San Pedro gold-silver mine in Mexico. NEW GOLD operates under Gold classification in Canada and is traded on Toronto Stock Exchange. It employs 1337 people.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.| About 62.0% of the company shares are owned by institutional investors |
- 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 closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in New Stock, please use our How to Invest in New Gold guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.