New Return On Equity from 2010 to 2024
| NGD Stock | USD 2.19 0.01 0.45% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter (0.08) | Current Value (0.09) | Quarterly Volatility 0.33039424 |
Check New Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among New main balance sheet or income statement drivers, such as Depreciation And Amortization of 256.4 M, Interest Expense of 38.7 M or Total Revenue of 411.3 M, as well as many exotic indicators such as Price To Sales Ratio of 1.16, Dividend Yield of 0.0 or PTB Ratio of 1.18. New financial statements analysis is a perfect complement when working with New Gold Valuation or Volatility modules.
New | Return On Equity |
Latest New Gold's Return On Equity Growth Pattern
Below is the plot of the Return On Equity of New Gold over the last few years. Return on Equity is the amount of New Gold net income returned as a percentage of New Gold equity. Return on equity measures New Gold profitability by revealing how much profit New Gold generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. New Gold's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in New Gold's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported -0.0944 | 10 Years Trend |
|
Return On Equity |
| Timeline |
New Return On Equity Regression Statistics
| Arithmetic Mean | (0.13) | |
| Coefficient Of Variation | (261.61) | |
| Mean Deviation | 0.16 | |
| Median | (0.07) | |
| Standard Deviation | 0.33 | |
| Sample Variance | 0.11 | |
| Range | 1.4248 | |
| R-Value | (0.09) | |
| Mean Square Error | 0.12 | |
| R-Squared | 0.01 | |
| Significance | 0.75 | |
| Slope | (0.01) | |
| Total Sum of Squares | 1.53 |
New Return On Equity History
About New Gold Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include New Gold income statement, its balance sheet, and the statement of cash flows. New Gold investors use historical funamental indicators, such as New Gold's Return On Equity, to determine how well the company is positioned to perform in the future. Although New Gold investors may use each financial statement separately, they are all related. The changes in New Gold's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on New Gold's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on New Gold Financial Statements. Understanding these patterns can help to make the right decision on long term investment in New Gold. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Equity | (0.08) | (0.09) |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether New Gold is a strong investment it is important to analyze New Gold's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact New Gold's future performance. For an informed investment choice regarding New Stock, refer to the following important reports:Check out the analysis of New Gold Correlation against competitors. For information on how to trade New Stock refer to our How to Trade New Stock guide.Note that the New Gold information on this page should be used as a complementary analysis to other New Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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When running New Gold's price analysis, check to measure New 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 New Gold is operating at the current time. Most of New Gold's value examination focuses on studying past and present price action to predict the probability of New 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 New Gold's price. Additionally, you may evaluate how the addition of New Gold to your portfolios can decrease your overall portfolio volatility.
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Is New Gold's industry 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 (0.10) | Revenue Per Share 1.134 | Quarterly Revenue Growth (0.05) | Return On Assets 0.0143 | Return On Equity (0.09) |
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.