New Gold Stock Odds of Future Stock Price Finishing Under 1.09
| NGD Stock | CAD 3.90 0.05 1.30% |
New |
New Gold Target Price Odds to finish below 1.09
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 drop to C$ 1.09 or more in 90 days |
| 3.90 | 90 days | 1.09 | near 1 |
Based on a normal probability distribution, the odds of New Gold to drop to C$ 1.09 or more in 90 days from now is near 1 (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 C$ 1.09 and its current price of C$3.9 at the end of the 90-day period is about 58.15 .
Assuming the 90 days trading horizon New Gold has a beta of 0.97. This indicates New Gold market returns are highly reactive to returns on the market. As the market goes up or down, New Gold is expected to follow. Additionally New Gold has an alpha of 0.1509, implying that it can generate a 0.15 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). 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 | 0.15 | |
β | Beta against Dow Jones | 0.97 | |
σ | Overall volatility | 0.29 | |
Ir | Information ratio | 0.05 |
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.| The company reported the revenue of 786.5 M. Net Loss for the year was (64.5 M) with profit before overhead, payroll, taxes, and interest of 221.7 M. | |
| About 63.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: 10 Best Gold Stocks Under 30 - Insider Monkey |
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.
| The company reported the revenue of 786.5 M. Net Loss for the year was (64.5 M) with profit before overhead, payroll, taxes, and interest of 221.7 M. | |
| About 63.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: 10 Best Gold Stocks Under 30 - Insider Monkey |
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. To learn how to invest in New Stock, please use our How to Invest in New Gold guide.You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.