New Found Gold Stock Technical Analysis
| NFG Stock | CAD 2.38 0.12 5.31% |
As of the 26th of December, New Found secures the Standard Deviation of 4.0, risk adjusted performance of (0.09), and Mean Deviation of 3.15. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of New Found Gold, as well as the relationship between them. Please verify New Found Gold market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk to decide if New Found Gold is priced some-what accurately, providing market reflects its recent price of 2.38 per share.
New Found Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as New, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NewNew |
New Found 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.
New Found Gold Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of New Found Gold volatility. High ATR values indicate high volatility, and low values indicate low volatility.
New Found Gold Trend Analysis
Use this graph to draw trend lines for New Found Gold. You can use it to identify possible trend reversals for New Found as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual New Found price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.New Found Best Fit Change Line
The following chart estimates an ordinary least squares regression model for New Found Gold applied against its price change over selected period. The best fit line has a slop of 0.03 , which may suggest that New Found Gold market price will keep on failing further. It has 122 observation points and a regression sum of squares at 24.08, which is the sum of squared deviations for the predicted New Found price change compared to its average price change.About New Found Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of New Found Gold on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of New Found Gold based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on New Found Gold price pattern first instead of the macroeconomic environment surrounding New Found Gold. By analyzing New Found's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of New Found's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to New Found specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | PB Ratio | 11.34 | 10.89 | 12.72 | 20.82 | Capex To Depreciation | 9.3 | 6.32 | 1.9 | 1.81 |
New Found December 26, 2024 Technical Indicators
Most technical analysis of New help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for New from various momentum indicators to cycle indicators. When you analyze New charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | (0.09) | |||
| Market Risk Adjusted Performance | (0.23) | |||
| Mean Deviation | 3.15 | |||
| Coefficient Of Variation | (835.36) | |||
| Standard Deviation | 4.0 | |||
| Variance | 15.99 | |||
| Information Ratio | (0.13) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (0.24) | |||
| Maximum Drawdown | 20.35 | |||
| Value At Risk | (6.23) | |||
| Potential Upside | 6.44 | |||
| Skewness | 0.6758 | |||
| Kurtosis | 0.7163 |
Additional Tools for New Stock Analysis
When running New Found's 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 the 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.