Newcore Gold Stock Analysis

Newcore Stock Analysis Notes

About 18.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 1.19. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Newcore Gold recorded a loss per share of 0.02. The entity had not issued any dividends in recent years. The firm had 1:4 split on the 9th of December 2014. 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. To find out more about Newcore Gold contact Luke Alexander at 604 484 4399 or learn more at https://www.newcoregold.com.

Newcore Gold Investment Alerts

Newcore Market Capitalization

The company currently falls under 'Micro-Cap' category with a current market capitalization of 64.66 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Newcore Gold's market, we take the total number of its shares issued and multiply it by Newcore Gold's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Newcore Profitablity

Management Efficiency

Newcore Gold has return on total asset (ROA) of (0.0193) % which means that it has lost $0.0193 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0394) %, meaning that it generated substantial loss on money invested by shareholders. Newcore Gold's management efficiency ratios could be used to measure how well Newcore Gold manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.06 in 2024. Return On Capital Employed is likely to climb to -0.04 in 2024. At this time, Newcore Gold's Non Currrent Assets Other are fairly stable compared to the past year. Other Assets is likely to climb to about 337.7 K in 2024, whereas Net Tangible Assets are likely to drop slightly above 23.1 M in 2024.

Technical Drivers

As of the 3rd of December, Newcore Gold secures the Risk Adjusted Performance of 0.0112, downside deviation of 4.02, and Mean Deviation of 2.62. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Newcore Gold, as well as the relationship between them. Please verify Newcore Gold treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside to decide if Newcore Gold is priced some-what accurately, providing market reflects its recent price of 0.31 per share.

Newcore Gold Price Movement Analysis

Newcore Gold Outstanding Bonds

Newcore Gold Predictive Daily Indicators

Newcore Gold Forecast Models

Newcore Gold's time-series forecasting models are one of many Newcore Gold's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Newcore Gold's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Newcore Gold prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Newcore shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Newcore Gold. By using and applying Newcore Stock analysis, traders can create a robust methodology for identifying Newcore entry and exit points for their positions.

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.