New Gold Stock Price on August 26, 2019
| NGD Stock | CAD 2.41 0.01 0.42% |
Below is the normalized historical share price chart for New Gold extending back to March 01, 1996. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of New Gold stands at 2.41, as last reported on the 19th of April, with the highest price reaching 2.46 and the lowest price hitting 2.37 during the day.
If you're considering investing in New Stock, it is important to understand the factors that can impact its price. New Gold appears to be very risky, given 3 months investment horizon. New Gold has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18% return per unit of risk over the last 3 months. By analyzing New Gold's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please exercise New Gold's Mean Deviation of 2.95, downside deviation of 3.18, and Risk Adjusted Performance of 0.0817 to check out if our risk estimates are consistent with your expectations.
At this time, New Gold's Total Stockholder Equity is very stable compared to the past year. As of the 19th of April 2024, Common Stock Shares Outstanding is likely to grow to about 721.4 M, while Liabilities And Stockholders Equity is likely to drop about 2 B. . At this time, New Gold's Price Book Value Ratio is very stable compared to the past year. As of the 19th of April 2024, Price To Free Cash Flows Ratio is likely to grow to 47.91, while Price To Sales Ratio is likely to drop 1.20. New Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 1.7136 | 50 Day MA 2.0432 | Beta 1.613 |
New |
Sharpe Ratio = 0.1763
| Best Portfolio | Best Equity | |||
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| Small Returns | NGD | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.76 actual daily | 33 67% of assets are more volatile |
Expected Return
| 0.66 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 13 87% of assets perform better |
Based on monthly moving average New Gold is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of New Gold by adding it to a well-diversified portfolio.
Price Book 1.5801 | Enterprise Value Ebitda 10.8754 | Price Sales 2.1706 | Shares Float 648 M | Wall Street Target Price 2.72 |
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.
About New Gold Stock history
New Gold investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for New is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in New Gold will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing New Gold stock prices may prove useful in developing a viable investing in New Gold
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 687 M | 721.4 M | |
| Net Loss | -60.1 M | -63.1 M |
New Gold Quarterly Net Working Capital |
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New Gold Stock Technical Analysis
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.
Price Boundaries
New Gold Period Price Range
New Gold April 19, 2024 Market Strength
Market strength 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 undertsting and applying New Gold stock market strength indicators, traders can identify New Gold entry and exit signals to maximize returns
| Accumulation Distribution | 0.0366 | |||
| Daily Balance Of Power | 0.1111 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 2.42 | |||
| Day Typical Price | 2.41 | |||
| Market Facilitation Index | 0.09 | |||
| Period Momentum Indicator | 0.01 |
New Gold Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for New Gold's price direction in advance. Along with the technical and fundamental analysis of New Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of New to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0817 | |||
| Jensen Alpha | 0.5309 | |||
| Total Risk Alpha | 0.0796 | |||
| Sortino Ratio | 0.1187 | |||
| Treynor Ratio | (0.27) |
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| Math Transform | ||
| Momentum Indicators | ||
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| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in New Stock, please use our How to Invest in New Gold 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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for New Stock analysis
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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