Newcore Gold Stock Market Value
| NCAU Stock | CAD 0.33 0.02 6.45% |
| Symbol | Newcore |
Newcore Gold Price To Book Ratio
Newcore Gold 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Newcore Gold's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Newcore Gold.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Newcore Gold on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Newcore Gold or generate 0.0% return on investment in Newcore Gold over 660 days. Newcore Gold is related to or competes with First Majestic, Ivanhoe Energy, and Orezone Gold. Newcore Gold Ltd., a mineral exploration and mine development company, engages in the acquisition, advancement, and deve... More
Newcore Gold Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Newcore Gold's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Newcore Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.0 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 15.56 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 6.67 |
Newcore Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Newcore Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Newcore Gold's standard deviation. In reality, there are many statistical measures that can use Newcore Gold historical prices to predict the future Newcore Gold's volatility.| Risk Adjusted Performance | 0.0214 | |||
| Jensen Alpha | 0.031 | |||
| Total Risk Alpha | (0.52) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.2824 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Newcore Gold's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Newcore Gold Backtested Returns
At this stage we consider Newcore Stock to be out of control. Newcore Gold has Sharpe Ratio of 0.0048, which conveys that the firm had a 0.0048% return per unit of risk over the last 3 months. We have found thirty technical indicators for Newcore Gold, which you can use to evaluate the volatility of the firm. Please verify Newcore Gold's Downside Deviation of 4.0, risk adjusted performance of 0.0214, and Mean Deviation of 2.67 to check out if the risk estimate we provide is consistent with the expected return of 0.0177%. The company secures a Beta (Market Risk) of 0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Newcore Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Newcore Gold is expected to be smaller as well. Newcore Gold right now secures a risk of 3.66%. Please verify Newcore Gold value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to decide if Newcore Gold will be following its current price movements.
Auto-correlation | -0.84 |
Excellent reverse predictability
Newcore Gold has excellent reverse predictability. Overlapping area represents the amount of predictability between Newcore Gold time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Newcore Gold price movement. The serial correlation of -0.84 indicates that around 84.0% of current Newcore Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Newcore Gold lagged returns against current returns
Autocorrelation, which is Newcore Gold stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Newcore Gold's stock expected returns. We can calculate the autocorrelation of Newcore Gold returns to help us make a trade decision. For example, suppose you find that Newcore Gold has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Newcore Gold regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Newcore Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Newcore Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Newcore Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Newcore Gold Lagged Returns
When evaluating Newcore Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Newcore Gold stock have on its future price. Newcore Gold autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Newcore Gold autocorrelation shows the relationship between Newcore Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Newcore Gold.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Newcore Stock Analysis
When running Newcore Gold's price analysis, check to measure Newcore Gold'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 Newcore Gold is operating at the current time. Most of Newcore Gold's value examination focuses on studying past and present price action to predict the probability of Newcore Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newcore Gold's price. Additionally, you may evaluate how the addition of Newcore Gold to your portfolios can decrease your overall portfolio volatility.