New Net Income Per Share from 2010 to 2026
| NGD Stock | CAD 13.68 2.65 16.23% |
Net Income Per Share | First Reported 2010-12-31 | Previous Quarter 0.16 | Current Value 0.16 | Quarterly Volatility 0.59955245 |
Check New Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among New Gold's main balance sheet or income statement drivers, such as Depreciation And Amortization of 299.6 M, Interest Expense of 16.5 M or Selling General Administrative of 46.6 M, as well as many indicators such as Price To Sales Ratio of 2.2, Dividend Yield of 0.0 or PTB Ratio of 1.94. New financial statements analysis is a perfect complement when working with New Gold Valuation or Volatility modules.
New | Net Income Per Share |
Evaluating New Gold's Net Income Per Share across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into New Gold's fundamental strength.
Latest New Gold's Net Income Per Share Growth Pattern
Below is the plot of the Net Income Per Share of New Gold over the last few years. It is New Gold's Net Income Per Share historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in New Gold's overall financial position and show how it may be relating to other accounts over time.
| Net Income Per Share | 10 Years Trend |
|
Net Income Per Share |
| Timeline |
New Net Income Per Share Regression Statistics
| Arithmetic Mean | (0.18) | |
| Geometric Mean | 0.17 | |
| Coefficient Of Variation | (341.43) | |
| Mean Deviation | 0.37 | |
| Median | (0.09) | |
| Standard Deviation | 0.60 | |
| Sample Variance | 0.36 | |
| Range | 2.5521 | |
| R-Value | 0.09 | |
| Mean Square Error | 0.38 | |
| R-Squared | 0.01 | |
| Significance | 0.73 | |
| Slope | 0.01 | |
| Total Sum of Squares | 5.75 |
New Net Income Per Share History
About New Gold Financial Statements
New Gold investors utilize fundamental indicators, such as Net Income Per Share, to predict how New Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Net Income Per Share | 0.14 | 0.16 |
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 together with New Stock
| 0.98 | AG | First Majestic Silver | PairCorr |
| 0.91 | IE | Ivanhoe Energy | PairCorr |
| 0.96 | ORE | Orezone Gold Corp | PairCorr |
| 0.72 | FDR | Flinders Resources | PairCorr |
| 0.92 | FDY | Faraday Copper Corp | PairCorr |
Moving against New Stock
| 0.72 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.72 | MSFT | Microsoft CDR | PairCorr |
| 0.49 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.49 | BRK | Berkshire Hathaway CDR | PairCorr |
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.Check out the analysis of New Gold Correlation against competitors. To learn how to invest in New Stock, please use our How to Invest in New Gold guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.