New Gold Stock Odds of Future Stock Price Finishing Over 11.39
| NGD Stock | USD 2.51 0.03 1.21% |
New |
New Gold Target Price Odds to finish over 11.39
The tendency of New Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 11.39 or more in 90 days |
| 2.51 | 90 days | 11.39 | close to zero percent |
Based on a normal probability distribution, the odds of New Gold to move over $ 11.39 or more in 90 days from now is close to zero percent (This New Gold probability density function shows the probability of New Stock to fall within a particular range of prices over 90 days) . Probability of New Gold price to stay between its current price of $ 2.51 and $ 11.39 at the end of the 90-day period is roughly 97.0 .
Considering the 90-day investment horizon New Gold has a beta of 0.12. This indicates as returns on the market go up, New Gold average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding New Gold will be expected to be much smaller as well. Additionally New Gold has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. New Gold Price Density |
| Price |
Predictive Modules for New Gold
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as New Gold. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.New Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. New Gold is not an exception. The market had few large corrections towards the New Gold's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold New Gold, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of New Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.27 | |
β | Beta against Dow Jones | 0.12 | |
σ | Overall volatility | 0.17 | |
Ir | Information ratio | -0.1 |
New Gold Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of New Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for New Gold can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| New Gold generated a negative expected return over the last 90 days | |
| The company reported the last year's revenue of 786.5 M. Reported Net Loss for the year was (65.68 M) with profit before taxes, overhead, and interest of 221.7 M. | |
| New Gold has a poor financial position based on the latest SEC disclosures | |
| About 63.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: Nucor Projects Q4 Earnings to Decline on Lower Selling Prices |
New Gold Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of New Stock often depends not only on the future outlook of the current and potential New Gold's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. New Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 684 M | |
| Cash And Short Term Investments | 192.6 M |
New Gold Technical Analysis
New Gold's future price can be derived by breaking down and analyzing its technical indicators over time. New Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of New Gold. In general, you should focus on analyzing New Stock price patterns and their correlations with different microeconomic environments and drivers.
New Gold Predictive Forecast Models
New Gold's time-series forecasting models is one of many New Gold's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary New Gold's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about New Gold
Checking the ongoing alerts about New Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for New Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| New Gold generated a negative expected return over the last 90 days | |
| The company reported the last year's revenue of 786.5 M. Reported Net Loss for the year was (65.68 M) with profit before taxes, overhead, and interest of 221.7 M. | |
| New Gold has a poor financial position based on the latest SEC disclosures | |
| About 63.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: Nucor Projects Q4 Earnings to Decline on Lower Selling Prices |
Check out New Gold Backtesting, New Gold Valuation, New Gold Correlation, New Gold Hype Analysis, New Gold Volatility, New Gold History as well as New Gold Performance. For information on how to trade New Stock refer to our How to Trade New Stock guide.You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Is Metals & Mining space 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 0.02 | Revenue Per Share 1.187 | Quarterly Revenue Growth 0.252 | Return On Assets 0.0297 | Return On Equity 0.0214 |
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.