New Found Stock Today

Equity ratings for New Found GoldCorp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of January 2023 and ending today, the 7th of February 2023. Click here to learn more.
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New Found Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. New Found's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding New Found or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of New Found's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Not RatedUndervalued
New Found GoldCorp (NFG) is traded on TSX Venture Exchange in Canada and employs 6 people. The company currently falls under 'Small-Cap' category with a current market capitalization of 897.39 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate New Found's market, we take the total number of its shares issued and multiply it by New Found's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. New Found GoldCorp classifies itself under Basic Materials sector and is part of Gold industry. The entity has 175.27 M outstanding shares of which 632.72 K shares are now shorted by private and institutional investors with about 3.98 days to cover all short positions. New Found GoldCorp has accumulated about 62.91 M in cash with (48.51 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.37.
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New Found Stock Against Markets

Picking the right benchmark for New Found stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in New Found stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for New Found is critical whether you are bullish or bearish towards New Found GoldCorp at a given time.

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New Found Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with New Found stock to make a market-neutral strategy. Peer analysis of New Found could also be used in its relative valuation, which is a method of valuing New Found by comparing valuation metrics with similar companies.
KR InvestmentAtrium Mortgage InveKua InvestmentsWestern InvestmentCanaf InvestmentsCanadian General InvGamehostRocky Mountain LiquorAmerican AirlinesAlcoa CorpApple IncBest BuyCitigroupSentinelOneCVS Health Corp
 Risk & Return  Correlation

New Found Corporate Management

Elected by the shareholders, the New Found's board of directors comprises two types of representatives: New Found inside directors who are chosen from within the company, and outside directors, selected externally and held independent of New Found. The board's role is to monitor New Found's management team and ensure that shareholders' interests are well served. New Found's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, New Found's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ronald Hampton - Chief OfficerProfile
Kenneth Bsc - GeologistProfile
BSc BSc - Pres FounderProfile
Janet Francis - Co SecProfile
Collin Kettell - Ex FounderProfile
Melissa PGeo - VP ExplorationProfile

Invested in New Found GoldCorp?

The danger of trading New Found GoldCorp is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of New Found is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than New Found. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile New Found GoldCorp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, see Correlation Analysis. You can also try Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Other Tools for New Found Stock

When running New Found GoldCorp price analysis, check to measure New Found'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 Found is operating at the current time. Most of New Found's value examination focuses on studying past and present price action to predict the probability of New Found's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move New Found's price. Additionally, you may evaluate how the addition of New Found to your portfolios can decrease your overall portfolio volatility.
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