New Gold Stock Alpha and Beta Analysis
| NGD Stock | CAD 4.59 0.07 1.50% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as New Gold. It also helps investors analyze the systematic and unsystematic risks associated with investing in New Gold over a specified time horizon. Remember, high New Gold's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to New Gold's market risk premium analysis include:
Beta 0.66 | Alpha 0.27 | Risk 2.99 | Sharpe Ratio 0.11 | Expected Return 0.32 |
New Gold Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
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New Gold Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. New Gold market risk premium is the additional return an investor will receive from holding New Gold long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in New Gold. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate New Gold's performance over market.| α | 0.27 | β | 0.66 |
New Gold expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of New Gold's Buy-and-hold return. Our buy-and-hold chart shows how New Gold performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.New Gold Market Price Analysis
Market price analysis indicators help investors to evaluate how New 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 New Gold shares will generate the highest return on investment. By understating and applying New Gold stock market price indicators, traders can identify New Gold position entry and exit signals to maximize returns.
New Gold Return and Market Media
The median price of New Gold for the period between Sun, Dec 15, 2024 and Sat, Mar 15, 2025 is 4.04 with a coefficient of variation of 6.54. The daily time series for the period is distributed with a sample standard deviation of 0.26, arithmetic mean of 4.03, and mean deviation of 0.21. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Should Value Investors Buy New Gold Stock - Yahoo Finance | 01/16/2025 |
2 | Caprock Group LLC Grows Stock Holdings in New Gold Inc. - MarketBeat | 02/04/2025 |
3 | Gold soars, stocks sanguine as investors weigh Trumps latest tariff threat - Reuters | 02/10/2025 |
4 | New Gold Inc. gets upgrade to B from B, outlook positive SP Global - Investing.com India | 03/04/2025 |
5 | New Gold Accepts Over 288 Million of 2027 Notes in Tender Offer -March 14, 2025 at 0716 am EDT - Marketscreener.com | 03/14/2025 |
About New Gold Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including New or other stocks. Alpha measures the amount that position in New Gold has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2022 | 2023 | 2024 | 2025 (projected) | Days Sales Outstanding | 2.66 | 4.73 | 9.87 | 9.38 | PTB Ratio | 0.7 | 1.27 | 1.77 | 1.68 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards New Gold in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, New Gold's short interest history, or implied volatility extrapolated from New Gold options trading.
Build Portfolio with New Gold
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out New Gold Backtesting, New Gold Valuation, New Gold Correlation, New Gold Hype Analysis, New Gold Volatility, New Gold History and analyze New Gold Performance. To learn how to invest in New Stock, please use our How to Invest in New Gold guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
New 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.