Use New Gold to protect against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment
As returns on market increase, New Gold returns are expected to increase less than the market. However during bear market, the loss on holding New Gold will be expected to be smaller as well.
Susan Toews Vice President - Legal Affairs, Corporate Secretary
New Gold Price and Market Media
The median price of New Gold for the period between Wed, Apr 24, 2013 and Fri, May 24, 2013 is 7.66 with a coefficient of variation of 2.94. The daily time series for the period is distributed with a sample standard deviation of 0.23, arithmetic mean of 7.73, and mean deviation of 0.17. The Stock did not receive any noticable media coverage during the period.
New Gold Inc [NGD] is traded on American Stock Exchange in USA. It is located in New Gold, Inc.Vancouver, BC VX M and employs 1,721 people. The company currently falls under 'Mid-Cap' category with total capitalization of 3.09 B. New Gold Inc runs under Basic Materials sector within Gold industry. This company has 476.87 M outstanding shares of which 3.14 M shares are now shorted by investors with about 0.7 days to cover shorted positions.
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