Newcore Gold Stock Performance
| NCAUF Stock | USD 0.23 0.01 4.55% |
The company secures a Beta (Market Risk) of -0.0144, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Newcore Gold are expected to decrease at a much lower rate. During the bear market, Newcore Gold is likely to outperform the market. Newcore Gold right now secures a risk of 4.27%. Please verify Newcore Gold maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Newcore Gold will be following its current price movements.
Risk-Adjusted Performance
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Over the last 90 days Newcore Gold has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, Newcore Gold is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
| Begin Period Cash Flow | 1.3 M | |
| Total Cashflows From Investing Activities | -8.6 M |
Newcore |
Newcore Gold Relative Risk vs. Return Landscape
If you would invest 24.00 in Newcore Gold on August 26, 2024 and sell it today you would lose (1.00) from holding Newcore Gold or give up 4.17% of portfolio value over 90 days. Newcore Gold is currently producing 0.0241% returns and takes up 4.2658% volatility of returns over 90 trading days. Put another way, 37% of traded otc stocks are less volatile than Newcore, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Newcore Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Newcore Gold's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Newcore Gold, and traders can use it to determine the average amount a Newcore Gold'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 = 0.0056
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| Negative Returns | NCAUF |
Estimated Market Risk
| 4.27 actual daily | 38 62% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Newcore Gold 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 Newcore Gold by adding Newcore Gold to a well-diversified portfolio.
Newcore Gold Fundamentals Growth
Newcore OTC Stock prices reflect investors' perceptions of the future prospects and financial health of Newcore Gold, and Newcore Gold 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 Newcore OTC Stock performance.
| Return On Equity | -0.0866 | |||
| Return On Asset | -0.0392 | |||
| Current Valuation | 19.1 M | |||
| Shares Outstanding | 138.26 M | |||
| Price To Book | 0.67 X | |||
| EBITDA | (3.84 M) | |||
| Cash And Equivalents | 1.82 M | |||
| Cash Per Share | 0.01 X | |||
| Book Value Per Share | 0.33 X | |||
| Cash Flow From Operations | (2.53 M) | |||
| Earnings Per Share | (0.03) X | |||
| Total Asset | 40.39 M | |||
About Newcore Gold Performance
By analyzing Newcore Gold's fundamental ratios, stakeholders can gain valuable insights into Newcore Gold's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Newcore Gold 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 Newcore Gold has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Newcore Gold Ltd., a mineral exploration and mine development company, engages in the acquisition, advancement, and development of precious mineral properties in Ghana. Newcore Gold Ltd. was incorporated in 2010 and is headquartered in Vancouver, Canada. Newcore Gold is traded on OTC Exchange in the United States.Things to note about Newcore Gold performance evaluation
Checking the ongoing alerts about Newcore Gold for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for Newcore Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Newcore Gold has some characteristics of a very speculative penny stock | |
| Newcore Gold had very high historical volatility over the last 90 days | |
| Newcore Gold has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (4.02 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Newcore Gold has accumulated about 1.82 M in cash with (2.53 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 24.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing Newcore Gold'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 Newcore Gold's stock is overvalued or undervalued compared to its peers.
- Examining Newcore Gold'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 Newcore Gold's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Newcore Gold's management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of Newcore Gold's otc stock. These opinions can provide insight into Newcore Gold's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Newcore OTC 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.
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