New Invested Capital vs Net Income Per Share Analysis

NGD Stock

CAD 4.07 0.31 7.08%

New Gold financial indicator trend analysis is infinitely more than just investigating New Gold recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Gold is a good investment. Please check the relationship between New Gold Invested Capital and its Net Income Per Share accounts. 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 closely tied 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.

Invested Capital vs Net Income Per Share

Invested Capital vs Net Income Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Gold Invested Capital account and Net Income Per Share. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between New Gold's Invested Capital and Net Income Per Share is -0.09. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Net Income Per Share in the same time period over historical financial statements of New Gold, assuming nothing else is changed. The correlation between historical values of New Gold's Invested Capital and Net Income Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Invested Capital of New Gold are associated (or correlated) with its Net Income Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income Per Share has no effect on the direction of Invested Capital i.e., New Gold's Invested Capital and Net Income Per Share go up and down completely randomly.

Correlation Coefficient

-0.09

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to New Gold. There are two different methods for calculating New Gold invested capital: operating approach and financing approach. Understanding New Gold invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.

Net Income Per Share

Most indicators from New Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Gold current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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 closely tied 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.At this time, New Gold's Tax Provision is very stable compared to the past year. As of the 13th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.05, while Selling General Administrative is likely to drop about 19.5 M.

	2021	2023	2024 (projected)
Gross Profit	172.5M	336.1M	352.9M
Total Revenue	745.5M	786.5M	426.6M

Gross Profit Total Revenue

New Gold fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Inventory	Other Assets	Short Term Investments	Non Currrent Assets Other	Other Liab
Total Assets		0.8	0.28	0.28	0.95	0.99	0.64	0.41	0.39	0.09	0.68	0.99	0.64	0.24	0.25	0.82	0.31	0.11	0.82	0.52	0.8	0.88	0.83	-0.25	0.6	0.51
Short Long Term Debt Total	0.8		0.07	0.11	0.67	0.8	0.56	0.81	0.1	0.19	0.37	0.81	0.33	0.27	0.32	0.84	0.27	-0.34	0.8	0.32	0.54	0.87	0.62	-0.29	0.6	0.28
Other Current Liab	0.28	0.07		0.98	0.2	0.31	0.69	-0.09	-0.35	0.59	0.22	0.28	0.23	0.16	0.66	0.3	-0.08	0.39	0.36	0.64	0.22	0.13	0.04	0.09	0.07	0.51
Total Current Liabilities	0.28	0.11	0.98		0.16	0.31	0.75	-0.04	-0.45	0.73	0.19	0.28	0.2	0.12	0.76	0.35	-0.09	0.33	0.41	0.72	0.21	0.19	-0.01	0.15	0.09	0.57
Total Stockholder Equity	0.95	0.67	0.2	0.16		0.93	0.46	0.27	0.61	-0.11	0.69	0.94	0.63	0.15	0.03	0.6	0.24	0.26	0.59	0.4	0.76	0.79	0.87	-0.41	0.54	0.28
Property Plant And Equipment Net	0.99	0.8	0.31	0.31	0.93		0.68	0.47	0.35	0.11	0.59	1.0	0.55	0.24	0.28	0.82	0.27	0.15	0.82	0.52	0.73	0.89	0.83	-0.28	0.6	0.5
Current Deferred Revenue	0.64	0.56	0.69	0.75	0.46	0.68		0.33	-0.4	0.67	0.39	0.63	0.4	0.24	0.86	0.76	0.26	0.1	0.79	0.75	0.54	0.67	0.22	0.14	0.18	0.7
Net Debt	0.41	0.81	-0.09	-0.04	0.27	0.47	0.33		-0.11	0.16	-0.24	0.49	-0.28	0.3	0.21	0.58	0.1	-0.39	0.55	0.01	-0.04	0.6	0.4	-0.37	0.59	0.06
Retained Earnings	0.39	0.1	-0.35	-0.45	0.61	0.35	-0.4	-0.11		-0.73	0.37	0.39	0.3	-0.07	-0.76	-0.08	-0.01	0.29	-0.11	-0.25	0.31	0.18	0.69	-0.56	0.35	-0.31
Accounts Payable	0.09	0.19	0.59	0.73	-0.11	0.11	0.67	0.16	-0.73		0.01	0.09	0.05	-0.09	0.88	0.4	-0.13	-0.19	0.42	0.74	0.08	0.26	-0.3	0.35	0.04	0.55
Cash	0.68	0.37	0.22	0.19	0.69	0.59	0.39	-0.24	0.37	0.01		0.58	0.99	-0.02	0.15	0.48	0.3	0.08	0.48	0.46	0.96	0.49	0.41	0.13	0.07	0.39
Non Current Assets Total	0.99	0.81	0.28	0.28	0.94	1.0	0.63	0.49	0.39	0.09	0.58		0.53	0.26	0.24	0.82	0.27	0.12	0.81	0.5	0.72	0.89	0.86	-0.31	0.65	0.48
Cash And Short Term Investments	0.64	0.33	0.23	0.2	0.63	0.55	0.4	-0.28	0.3	0.05	0.99	0.53		-0.01	0.2	0.48	0.31	0.07	0.48	0.47	0.96	0.45	0.35	0.24	0.03	0.44
Net Receivables	0.24	0.27	0.16	0.12	0.15	0.24	0.24	0.3	-0.07	-0.09	-0.02	0.26	-0.01		0.15	0.34	0.64	0.05	0.35	-0.12	0.12	0.08	0.31	0.09	0.48	0.29
Common Stock Shares Outstanding	0.25	0.32	0.66	0.76	0.03	0.28	0.86	0.21	-0.76	0.88	0.15	0.24	0.2	0.15		0.56	0.2	-0.12	0.59	0.72	0.27	0.35	-0.21	0.45	-0.05	0.68
Non Current Liabilities Total	0.82	0.84	0.3	0.35	0.6	0.82	0.76	0.58	-0.08	0.4	0.48	0.82	0.48	0.34	0.56		0.38	-0.27	0.99	0.58	0.67	0.84	0.55	0.09	0.55	0.75
Other Current Assets	0.31	0.27	-0.08	-0.09	0.24	0.27	0.26	0.1	-0.01	-0.13	0.3	0.27	0.31	0.64	0.2	0.38		-0.21	0.35	0.08	0.43	0.26	0.22	0.19	0.1	0.35
Other Stockholder Equity	0.11	-0.34	0.39	0.33	0.26	0.15	0.1	-0.39	0.29	-0.19	0.08	0.12	0.07	0.05	-0.12	-0.27	-0.21		-0.2	-0.01	0.02	-0.1	0.2	-0.13	-0.02	-0.03
Total Liab	0.82	0.8	0.36	0.41	0.59	0.82	0.79	0.55	-0.11	0.42	0.48	0.81	0.48	0.35	0.59	0.99	0.35	-0.2		0.59	0.66	0.82	0.54	0.11	0.53	0.78
Property Plant And Equipment Gross	0.52	0.32	0.64	0.72	0.4	0.52	0.75	0.01	-0.25	0.74	0.46	0.5	0.47	-0.12	0.72	0.58	0.08	-0.01	0.59		0.51	0.52	0.19	0.15	0.15	0.71
Total Current Assets	0.8	0.54	0.22	0.21	0.76	0.73	0.54	-0.04	0.31	0.08	0.96	0.72	0.96	0.12	0.27	0.67	0.43	0.02	0.66	0.51		0.66	0.52	0.13	0.21	0.51
Inventory	0.88	0.87	0.13	0.19	0.79	0.89	0.67	0.6	0.18	0.26	0.49	0.89	0.45	0.08	0.35	0.84	0.26	-0.1	0.82	0.52	0.66		0.66	-0.28	0.52	0.44
Other Assets	0.83	0.62	0.04	-0.01	0.87	0.83	0.22	0.4	0.69	-0.3	0.41	0.86	0.35	0.31	-0.21	0.55	0.22	0.2	0.54	0.19	0.52	0.66		-0.5	0.76	0.24
Short Term Investments	-0.25	-0.29	0.09	0.15	-0.41	-0.28	0.14	-0.37	-0.56	0.35	0.13	-0.31	0.24	0.09	0.45	0.09	0.19	-0.13	0.11	0.15	0.13	-0.28	-0.5		-0.37	0.51
Non Currrent Assets Other	0.6	0.6	0.07	0.09	0.54	0.6	0.18	0.59	0.35	0.04	0.07	0.65	0.03	0.48	-0.05	0.55	0.1	-0.02	0.53	0.15	0.21	0.52	0.76	-0.37		0.25
Other Liab	0.51	0.28	0.51	0.57	0.28	0.5	0.7	0.06	-0.31	0.55	0.39	0.48	0.44	0.29	0.68	0.75	0.35	-0.03	0.78	0.71	0.51	0.44	0.24	0.51	0.25

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New Gold Account Relationship Matchups

New Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.2B	2.3B	2.5B	2.2B	2.3B	2.0B
Short Long Term Debt Total	738.4M	508.7M	501.7M	396.2M	398.6M	489.6M
Other Current Liab	131.9M	116.4M	120.9M	109.1M	164.9M	173.1M
Total Current Liabilities	171.9M	158.7M	172.9M	171.2M	229M	240.5M
Total Stockholder Equity	961.3M	789.3M	955.9M	959.5M	789.2M	1.1B
Property Plant And Equipment Net	1.9B	1.8B	1.8B	1.9B	1.9B	1.6B
Net Debt	655M	322.4M	20.2M	195.4M	213.1M	194.2M
Retained Earnings	(2.3B)	(2.4B)	(2.2B)	(2.3B)	(2.3B)	(2.2B)
Accounts Payable	39.7M	41.6M	52M	61.8M	64.1M	67.3M
Cash	83.4M	186.3M	481.5M	200.8M	185.5M	204.3M
Non Current Assets Total	1.9B	1.8B	1.8B	1.9B	1.9B	1.7B
Cash And Short Term Investments	83.4M	231.7M	541M	236.4M	192.6M	210.3M
Net Receivables	28M	82M	30.1M	4.4M	10.2M	9.7M
Common Stock Shares Outstanding	611.1M	676.3M	682.4M	681.9M	684M	718.2M
Liabilities And Stockholders Equity	2.2B	2.3B	2.5B	2.2B	2.3B	2.0B
Non Current Liabilities Total	1.0B	1.3B	1.3B	1.1B	1.3B	830.4M
Other Current Assets	29.4M	85.8M	39M	21M	22.3M	24.8M
Other Stockholder Equity	105.7M	106.7M	107.5M	107.8M	106.9M	101.6M
Total Liab	1.2B	1.5B	1.5B	1.3B	1.5B	877.1M
Property Plant And Equipment Gross	1.9B	1.8B	3.5B	3.8B	4.1B	4.3B
Total Current Assets	228.7M	418.8M	686.3M	377.5M	351.8M	331.0M
Accumulated Other Comprehensive Income	(13.6M)	(116.8M)	(93M)	(24.6M)	(135.9M)	(129.1M)
Inventory	110M	93.3M	101M	115.7M	126.7M	95.5M
Other Assets	1.3M	3M	2.6M	2.1M	2.4M	2.3M
Non Currrent Assets Other	1.8M	3M	2.6M	2.1M	7M	6.7M
Other Liab	286.9M	793.4M	846.3M	716.6M	824.1M	491.7M
Net Tangible Assets	961.3M	789.3M	955.9M	959.5M	1.1B	1.3B
Common Stock	3.1B	3.2B	3.2B	3.2B	3.2B	2.5B
Property Plant Equipment	1.9B	1.8B	1.8B	1.9B	2.1B	2.0B
Long Term Debt	714.5M	489.2M	491M	394.9M	396M	514.9M
Common Stock Total Equity	3.0B	3.0B	3.1B	3.2B	3.6B	3.2B
Long Term Debt Total	738.4M	508.7M	501.7M	396.2M	356.6M	552.2M
Capital Surpluse	105.7M	106.7M	107.5M	107.8M	124.0M	115.7M
Non Current Liabilities Other	1M	9M	3.7M	4.8M	3.4M	4.7M
Cash And Equivalents	17.4M	60.9M	144M	33.1M	29.8M	28.3M

Pair Trading with New Gold

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if New Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in New Gold will appreciate offsetting losses from the drop in the long position's value.

Moving against New Stock

0.64	BYD	Boyd Group Services	Pair Corr
0.47	FDY	Faraday Copper Corp	Pair Corr
0.36	IE	Ivanhoe Energy	Pair Corr

The ability to find closely correlated positions to New Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back New Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling New Gold to buy it.

The correlation of New Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as New Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for New Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

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:

How To Invest In New

Details

Is New Stock a good investment?

Details

What is New Gold's Net Worth?

Details

Largest Metals & Mining Companies

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Largest Materials Companies

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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 closely tied 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.

You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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New Invested Capital vs Net Income Per Share Analysis

Invested Capital vs Net Income Per Share

Invested Capital vs Net Income Per Share Correlation Analysis

Correlation Coefficient

Invested Capital

Net Income Per Share

New Gold fundamental ratios Correlations

New Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

New Gold fundamental ratios Accounts

Pair Trading with New Gold

Moving against New Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Cash And Short Term Investments	+ 0.99	Cash
Total Liab	+ 0.99	Non Current Liabilities Total
Total Current Liabilities	+ 0.98	Other Current Liab

Common Stock Shares Outstanding	- 0.76	Retained Earnings
Accounts Payable	- 0.73	Retained Earnings
Short Term Investments	- 0.56	Retained Earnings
Short Term Investments	- 0.5	Other Assets
Retained Earnings	- 0.45	Total Current Liabilities
Short Term Investments	- 0.41	Total Stockholder Equity