New World Gold Stock Performance
The company secures a Beta (Market Risk) of 1.22, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, New World will likely underperform. At this point, New World Gold has a negative expected return of -2.06%. Please make sure to verify New World's standard deviation, as well as the relationship between the treynor ratio and kurtosis , to decide if New World Gold performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days New World Gold has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fragile performance in the last few months, the Stock's technical and fundamental indicators remain rather sound which may send shares a bit higher in December 2024. The latest tumult may also be a sign of longer-term up-swing for the firm shareholders. ...more
| Price Earnings Ratio | 0.0143 |
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New World Relative Risk vs. Return Landscape
If you would invest 0.05 in New World Gold on September 1, 2024 and sell it today you would lose (0.05) from holding New World Gold or give up 100.0% of portfolio value over 90 days. New World Gold is currently does not generate positive expected returns and assumes 21.4896% risk (volatility on return distribution) over the 90 days horizon. In different words, most equities are less risky than New, and most traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
New World Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for New World's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as New World Gold, and traders can use it to determine the average amount a New World's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.096
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Estimated Market Risk
| 21.49 actual daily | 96 96% of assets are less volatile |
Expected Return
| -2.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average New World is not performing at its full potential. However, 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 World by adding New World to a well-diversified portfolio.
New World Fundamentals Growth
New Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of New World, and New World fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on New Pink Sheet performance.
| Profit Margin | 0.14 % | |||
| Operating Margin | 0.16 % | |||
| Current Valuation | 2.06 M | |||
| Shares Outstanding | 2.4 B | |||
| Price To Sales | 0.04 X | |||
| Revenue | 8.24 M | |||
| Cash And Equivalents | 158.1 K | |||
| Total Debt | 3.8 M | |||
| Debt To Equity | 0.95 % | |||
| Book Value Per Share | 0.02 X | |||
| Cash Flow From Operations | (30.7 K) | |||
| Earnings Per Share | 0.01 X | |||
| Total Asset | 10.63 M | |||
| Retained Earnings | 7.71 M | |||
| Current Asset | 3.85 M | |||
| Current Liabilities | 23 K | |||
About New World Performance
By analyzing New World's fundamental ratios, stakeholders can gain valuable insights into New World's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if New World has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if New World has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
New World Gold Corporation engages in gold ore exploration business. New World Gold Corporation was incorporated in 1998 and is based in Boca Raton, Florida. New World operates under Gold classification in the United States and is traded on OTC Exchange. It employs 2 people.Things to note about New World Gold performance evaluation
Checking the ongoing alerts about New World for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for New World Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| New World Gold generated a negative expected return over the last 90 days | |
| New World Gold has high historical volatility and very poor performance | |
| New World Gold has some characteristics of a very speculative penny stock | |
| New World Gold currently holds about 158.1 K in cash with (30.7 K) of positive cash flow from operations. |
- Analyzing New World's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether New World's stock is overvalued or undervalued compared to its peers.
- Examining New World's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating New World's management team can have a significant impact on its success or failure. Reviewing the track record and experience of New World's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of New World's pink sheet. These opinions can provide insight into New World's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for New Pink Sheet analysis
When running New World's price analysis, check to measure New World'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 World is operating at the current time. Most of New World's value examination focuses on studying past and present price action to predict the probability of New World'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 World's price. Additionally, you may evaluate how the addition of New World to your portfolios can decrease your overall portfolio volatility.
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