New Gold Stock Price on November 29, 2024
| NGD Stock | CAD 3.82 0.08 2.05% |
Below is the normalized historical share price chart for New Gold extending back to March 01, 1996. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of New Gold stands at 3.82, as last reported on the 3rd of December, with the highest price reaching 3.88 and the lowest price hitting 3.80 during the day.
If you're considering investing in New Stock, it is important to understand the factors that can impact its price. New Gold appears to be relatively risky, given 3 months investment horizon. New Gold has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for New Gold, which you can use to evaluate the volatility of the firm. Please exercise New Gold's Risk Adjusted Performance of 0.0657, downside deviation of 2.92, and Mean Deviation of 2.28 to check out if our risk estimates are consistent with your expectations.
At this time, New Gold's Total Stockholder Equity is very stable compared to the past year. As of the 3rd of December 2024, Common Stock Shares Outstanding is likely to grow to about 718.2 M, while Liabilities And Stockholders Equity is likely to drop about 2 B. . At this time, New Gold's Price Earnings To Growth Ratio is very stable compared to the past year. As of the 3rd of December 2024, Price To Free Cash Flows Ratio is likely to grow to 48.32, while Price To Sales Ratio is likely to drop 1.21. New Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 3.0244 | 50 Day MA 3.9076 | Beta 1.589 |
New |
Sharpe Ratio = 0.1074
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | NGD | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.92 actual daily | 26 74% of assets are more volatile |
Expected Return
| 0.31 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average New Gold is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of New Gold by adding it to a well-diversified portfolio.
Price Book 2.2079 | Enterprise Value Ebitda 10.1707 | Price Sales 3.507 | Shares Float 752.9 M | Wall Street Target Price 3.4756 |
New Gold Valuation on November 29, 2024
It is possible to determine the worth of New Gold on a given historical date. On November 29, 2024 New was worth 3.86 at the beginning of the trading date compared to the closed value of 3.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of New Gold stock. Still, in general, we apply an absolute valuation method to find New Gold's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of New Gold where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against New Gold's related companies.
| Open | High | Low | Close | Volume | |
| 3.82 | 3.87 | 3.82 | 3.85 | 249,319 | |
11/29/2024 | 3.86 | 3.96 | 3.83 | 3.90 | 803,900 |
| 3.85 | 3.88 | 3.80 | 3.82 | 662,065 |
| Backtest New Gold | | | New Gold History | | | New Gold Valuation | Previous | Next |
New Gold Trading Date Momentum on November 29, 2024
| On December 02 2024 New Gold was traded for 3.82 at the closing time. The maximum traded price for the trading interval was 3.88 and the lowest daily price was 3.80 . The daily volume was recorded at 662.1 K. The volume of trading on 2nd of December 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 2.05% . The trading delta at closing time to the closing price today is 1.28% . |
New Gold Fundamentals Correlations and Trends
By evaluating New Gold's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among New Gold's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. New financial account trend analysis is a perfect complement when working with valuation or volatility modules.About New Gold Stock history
New Gold investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for New is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in New Gold will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing New Gold stock prices may prove useful in developing a viable investing in New Gold
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 684 M | 718.2 M | |
| Net Loss | -60.1 M | -63.1 M |
New Gold Quarterly Net Working Capital |
|
New Gold Stock Technical Analysis
New Gold 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.
Price Boundaries
New Gold Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
New Gold cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
New Gold December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how New Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading New Gold shares will generate the highest return on investment. By undertsting and applying New Gold stock market strength indicators, traders can identify New Gold entry and exit signals to maximize returns
New Gold Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for New Gold's price direction in advance. Along with the technical and fundamental analysis of New Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of New to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0657 | |||
| Jensen Alpha | 0.1087 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0363 | |||
| Treynor Ratio | 0.2254 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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 Transaction History module to view history of all your transactions and understand their impact on performance.