New Gold Stock Price Prediction
| NGD Stock | CAD 3.72 0.25 6.30% |
Oversold Vs Overbought
38
Oversold | Overbought |
EPS Estimate Next Quarter 0.11 | EPS Estimate Current Year 0.2014 | EPS Estimate Next Year 0.3571 | Wall Street Target Price 3.48 | EPS Estimate Current Quarter 0.06 |
Using New Gold hype-based prediction, you can estimate the value of New Gold from the perspective of New Gold response to recently generated media hype and the effects of current headlines on its competitors.
The fear of missing out, i.e., FOMO, can cause potential investors in New Gold to buy its stock at a price that has no basis in reality. In that case, they are not buying New because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
New Gold after-hype prediction price | CAD 3.72 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
New |
New Gold After-Hype Price Prediction Density Analysis
As far as predicting the price of New Gold at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in New Gold or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of New Gold, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
New Gold Estimiated After-Hype Price Volatility
In the context of predicting New Gold's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on New Gold's historical news coverage. New Gold's after-hype downside and upside margins for the prediction period are 0.62 and 6.82, respectively. We have considered New Gold's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
New Gold is relatively risky at this time. Analysis and calculation of next after-hype price of New Gold is based on 3 months time horizon.
New Gold Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as New Gold is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading New Gold backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with New Gold, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.22 | 3.07 | 0.00 | 0.03 | 2 Events / Month | 1 Events / Month | In a few days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
3.72 | 3.72 | 0.00 |
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New Gold Hype Timeline
New Gold is now traded for 3.72on Toronto Exchange of Canada. The entity stock is not elastic to its hype. The average elasticity to hype of competition is -0.03. New is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is over 100%. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is now at 0.22%. %. The volatility of related hype on New Gold is about 2291.04%, with the expected price after the next announcement by competition of 3.69. About 64.0% of the company shares are owned by institutional investors. The book value of New Gold was now reported as 1.26. The company had not issued any dividends in recent years. New Gold had 1:3 split on the 25th of July 2002. Assuming the 90 days trading horizon the next forecasted press release will be in a few days. Check out New Gold Basic Forecasting Models to cross-verify your projections.New Gold Related Hype Analysis
Having access to credible news sources related to New Gold's direct competition is more important than ever and may enhance your ability to predict New Gold's future price movements. Getting to know how New Gold's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how New Gold may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| IMG | IAMGold | (0.39) | 5 per month | 2.96 | 0.01 | 6.77 | (4.17) | 24.56 | |
| ELD | Eldorado Gold Corp | 0.25 | 3 per month | 0.00 | (0.09) | 3.38 | (4.94) | 12.07 | |
| AGI | Alamos Gold | (0.23) | 5 per month | 0.00 | (0.08) | 3.33 | (3.26) | 12.44 | |
| NG | NovaGold Resources | (0.28) | 3 per month | 0.00 | (0.11) | 3.75 | (5.27) | 23.09 | |
| CG | Centerra Gold | (0.02) | 5 per month | 0.00 | (0.14) | 3.96 | (4.33) | 12.85 |
New Gold Additional Predictive Modules
Most predictive techniques to examine New price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for New using various technical indicators. When you analyze New charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About New Gold Predictive Indicators
The successful prediction of New Gold stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as New Gold, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of New Gold based on analysis of New Gold hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to New Gold's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to New Gold's related companies. | 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 14.74 | 2.66 | 4.73 | 4.5 | PTB Ratio | 1.07 | 0.7 | 1.27 | 1.21 |
Story Coverage note for New Gold
The number of cover stories for New Gold depends on current market conditions and New Gold's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that New Gold is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about New Gold's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Our audience includes start-ups and big corporations as well as marketing, public relation firms, and advertising agencies, including technology and finance journalists. Our platform and its news and story outlet are popular among finance students, amateur traders, self-guided investors, entrepreneurs, retirees and baby boomers, academic researchers, financial advisers, as well as professional money managers - a very diverse and influential demographic landscape united by one goal - build optimal investment portfolios
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New Gold Short Properties
New Gold's future price predictability will typically decrease when New Gold's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of New Gold often depends not only on the future outlook of the potential New Gold's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. New Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 684 M | |
| Cash And Short Term Investments | 192.6 M |
Check out New Gold Basic Forecasting Models to cross-verify your projections. To learn how to invest in New Stock, please use our How to Invest in New Gold guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.