Newport Gold Stock Performance
| NWPG Stock | USD 0 0.0005 31.25% |
The company secures a Beta (Market Risk) of 0.0237, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Newport Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Newport Gold is expected to be smaller as well. At this point, Newport Gold has a negative expected return of -0.97%. Please make sure to verify Newport Gold's downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Newport 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 Newport Gold has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's basic indicators remain nearly stable which may send shares a bit higher in December 2024. The current disturbance may also be a sign of long-run up-swing for the company stockholders. ...more
Newport |
Newport Gold Relative Risk vs. Return Landscape
If you would invest 0.44 in Newport Gold on August 29, 2024 and sell it today you would lose (0.33) from holding Newport Gold or give up 75.0% of portfolio value over 90 days. Newport Gold is currently does not generate positive expected returns and assumes 14.5806% risk (volatility on return distribution) over the 90 days horizon. In different words, most equities are less risky than Newport, and most traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Newport Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Newport Gold's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Newport Gold, and traders can use it to determine the average amount a Newport 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 = -0.0668
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| Negative Returns | NWPG |
Estimated Market Risk
| 14.58 actual daily | 96 96% of assets are less volatile |
Expected Return
| -0.97 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Newport 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 Newport Gold by adding Newport Gold to a well-diversified portfolio.
Newport Gold Fundamentals Growth
Newport Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Newport Gold, and Newport 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 Newport Pink Sheet performance.
| Return On Asset | -2.37 | |||
| Current Valuation | 1.14 M | |||
| Shares Outstanding | 57.31 M | |||
| Price To Earning | (11.12) X | |||
| Price To Book | 0.68 X | |||
| Cash And Equivalents | 6.29 K | |||
| Total Debt | 34.24 K | |||
| Book Value Per Share | (0) X | |||
| Cash Flow From Operations | (59.81 K) | |||
| Earnings Per Share | (0) X | |||
| Total Asset | 41.35 K | |||
| Retained Earnings | (4.89 M) | |||
| Current Asset | 12 K | |||
| Current Liabilities | 583 K | |||
About Newport Gold Performance
By analyzing Newport Gold's fundamental ratios, stakeholders can gain valuable insights into Newport Gold's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Newport 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 Newport Gold has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Newport Gold, Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral and energy properties primarily in Canada. Newport Gold, Inc. was founded in 2003 and is headquartered in Collingwood, Canada. Newport Gold is traded on OTC Exchange in the United States.Things to note about Newport Gold performance evaluation
Checking the ongoing alerts about Newport Gold for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Newport Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Newport Gold generated a negative expected return over the last 90 days | |
| Newport Gold has high historical volatility and very poor performance | |
| Newport Gold has some characteristics of a very speculative penny stock | |
| Newport Gold currently holds 34.24 K in liabilities. Newport Gold has a current ratio of 0.03, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Newport Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Newport Gold's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Newport Gold sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Newport to invest in growth at high rates of return. When we think about Newport Gold's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (242.67 K) with loss before overhead, payroll, taxes, and interest of (21.18 K). | |
| Newport Gold currently holds about 6.29 K in cash with (59.81 K) of positive cash flow from operations. |
- Analyzing Newport 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 Newport Gold's stock is overvalued or undervalued compared to its peers.
- Examining Newport 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 Newport Gold's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Newport Gold's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Newport Gold's pink sheet. These opinions can provide insight into Newport Gold's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Newport Pink Sheet analysis
When running Newport Gold's price analysis, check to measure Newport 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 Newport Gold is operating at the current time. Most of Newport Gold's value examination focuses on studying past and present price action to predict the probability of Newport 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 Newport Gold's price. Additionally, you may evaluate how the addition of Newport Gold to your portfolios can decrease your overall portfolio volatility.
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