New Gold Shares Owned By Institutions vs. Price To Book
| NGD Stock | USD 2.77 0.10 3.48% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.24 | 0.1296 |
|
|
For New Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of New Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well New Gold utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between New Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of New Gold over time as well as its relative position and ranking within its peers.
New |
Is Metals & Mining space 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 0.02 | Revenue Per Share 1.187 | Quarterly Revenue Growth 0.252 | Return On Assets 0.0297 | Return On Equity 0.0214 |
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.
New Gold Price To Book vs. Shares Owned By Institutions Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining New Gold's current stock value. Our valuation model uses many indicators to compare New Gold value to that of its competitors to determine the firm's financial worth. New Gold is rated below average in shares owned by institutions category among its peers. It is regarded fourth in price to book category among its peers fabricating about 0.03 of Price To Book per Shares Owned By Institutions. The ratio of Shares Owned By Institutions to Price To Book for New Gold is roughly 28.72 . As of December 14, 2024, Price To Book Ratio is expected to decline to 1.21. Comparative valuation analysis is a catch-all technique that is used if you cannot value New Gold by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.New Price To Book vs. Shares Owned By Institutions
Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.
New Gold |
| = | 63.10 % |
Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
New Gold |
| = | 2.20 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
New Price To Book Comparison
New Gold is currently under evaluation in price to book category among its peers.
New Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in New Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, New Gold will eventually generate negative long term returns. The profitability progress is the general direction of New Gold's change in net profit over the period of time. It can combine multiple indicators of New Gold, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -135.2 M | -128.4 M | |
| Operating Income | 61.8 M | 64.9 M | |
| Income Before Tax | -59.2 M | -62.2 M | |
| Total Other Income Expense Net | -121 M | -127 M | |
| Net Loss | -65.7 M | -69 M | |
| Income Tax Expense | 5.3 M | 5.6 M | |
| Net Loss | -64.5 M | -67.7 M | |
| Net Loss | -60.1 M | -63.1 M | |
| Interest Income | 7.5 M | 7.1 M | |
| Net Interest Income | -5.7 M | -6 M | |
| Change To Netincome | 55.2 M | 81.2 M | |
| Net Loss | (0.09) | (0.10) | |
| Income Quality | (4.38) | (4.16) | |
| Net Income Per E B T | 1.09 | 1.14 |
New Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on New Gold. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of New Gold position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the New Gold's important profitability drivers and their relationship over time.
Use New Gold in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if New Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in New Gold will appreciate offsetting losses from the drop in the long position's value.New Gold Pair Trading
New Gold Pair Trading Analysis
The ability to find closely correlated positions to New Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back New Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling New Gold to buy it.
The correlation of New Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as New Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for New Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your New Gold position
In addition to having New Gold in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Compulsion Thematic Idea Now
Compulsion
Companies involved in research, development, and manufacturing of products with compulsion characteristics such as cigarettes, addictive drugs and alcohol. The Compulsion theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Compulsion Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Correlation Analysis. For information on how to trade New Stock refer to our How to Trade New Stock guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
To fully project New Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of New Gold at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include New Gold's income statement, its balance sheet, and the statement of cash flows.