New Gold Stock Price on February 15, 2024
| NGD Stock | CAD 2.49 0.01 0.40% |
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 2.49, as last reported on the 28th of April, with the highest price reaching 2.54 and the lowest price hitting 2.45 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 risky, given 3 months investment horizon. New Gold has Sharpe Ratio of 0.25, which conveys that the firm had a 0.25% 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 0.85% is justified by implied risk. Please exercise New Gold's Risk Adjusted Performance of 0.1243, downside deviation of 3.16, and Mean Deviation of 2.84 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 28th 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 28th 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 1.7423 | 50 Day MA 2.1356 | Beta 1.613 |
New |
Sharpe Ratio = 0.2466
| 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
| 3.46 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.85 actual daily | 16 84% of assets have higher returns |
Risk-Adjusted Return
| 0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average New Gold is performing at about 19% 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 2.7 |
New Gold Valuation on February 15, 2024
It is possible to determine the worth of New Gold on a given historical date. On February 15, 2024 New was worth 1.54 at the beginning of the trading date compared to the closed value of 1.56. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of New Gold stock. Still, in general, we apply an absolute valuation method to find New Gold's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of New Gold where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against New Gold's related companies.
| Open | High | Low | Close | Volume | |
| 1.57 | 1.65 | 1.47 | 1.54 | 3,140,101 | |
02/15/2024 | 1.54 | 1.62 | 1.54 | 1.56 | 1,724,274 |
| 1.56 | 1.59 | 1.54 | 1.56 | 848,883 |
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New Gold Trading Date Momentum on February 15, 2024
| On February 16 2024 New Gold was traded for 1.56 at the closing time. The maximum traded price for the trading interval was 1.59 and the lowest daily price was 1.54 . The daily volume was recorded at 848.9 K. The volume of trading on 16th of February 2024 did not cause price change. The trading delta at closing time to the closing price today is 3.85% . |
New Gold Fundamentals Correlations and Trends
By evaluating New Gold's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among New Gold's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. New financial account trend analysis is a perfect complement when working with valuation or volatility modules.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
Low | February 15, 2024
| High |
1.54 | 1.56 |
New Gold April 28, 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 | 85149.33 | |||
| Daily Balance Of Power | 0.25 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 1.58 | |||
| Day Typical Price | 1.57 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | 0.93 |
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 | 0.1243 | |||
| Jensen Alpha | 0.565 | |||
| Total Risk Alpha | 0.2062 | |||
| Sortino Ratio | 0.1876 | |||
| Treynor Ratio | 0.499 |
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| 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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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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