New Found Gold Stock Market Value
| NFGC Stock | USD 1.19 0.01 0.85% |
| Symbol | New |
New Found Gold Price To Book Ratio
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of New Found. If investors know New will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about New Found listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of New Found Gold is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New Found's value that differs from its market value or its book value, called intrinsic value, which is New Found's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because New Found's market value can be influenced by many factors that don't directly affect New Found's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between New Found's value and its price as these two are different measures arrived at by different means. Investors typically determine if New Found is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Found's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
New Found '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 New Found'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 New Found.
| 02/06/2025 |
| 05/07/2025 |
If you would invest 0.00 in New Found on February 6, 2025 and sell it all today you would earn a total of 0.00 from holding New Found Gold or generate 0.0% return on investment in New Found over 90 days. New Found is related to or competes with Irving Resources, Lion One, K92 Mining, Equinox Gold, Contango ORE, Orla Mining, and Cassiar Gold. New Found Gold Corp., a mineral exploration company, engages in the identification, acquisition, and exploration of mine... More
New Found 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 New Found'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 New Found Gold upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 35.62 | |||
| Value At Risk | (7.09) | |||
| Potential Upside | 6.06 |
New Found Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Found's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Found's standard deviation. In reality, there are many statistical measures that can use New Found historical prices to predict the future New Found's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | 0.0991 | |||
| Treynor Ratio | (0.72) |
New Found Gold Backtested Returns
New Found Gold has Sharpe Ratio of -0.0632, which conveys that the firm had a -0.0632 % return per unit of risk over the last 3 months. New Found exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify New Found's Standard Deviation of 5.85, mean deviation of 4.16, and Risk Adjusted Performance of (0.09) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.49, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, New Found's returns are expected to increase less than the market. However, during the bear market, the loss of holding New Found is expected to be smaller as well. At this point, New Found Gold has a negative expected return of -0.37%. Please make sure to verify New Found's kurtosis, as well as the relationship between the rate of daily change and price action indicator , to decide if New Found Gold performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.39 |
Poor reverse predictability
New Found Gold has poor reverse predictability. Overlapping area represents the amount of predictability between New Found time series from 6th of February 2025 to 23rd of March 2025 and 23rd of March 2025 to 7th of May 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of New Found Gold price movement. The serial correlation of -0.39 indicates that just about 39.0% of current New Found price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
New Found Gold lagged returns against current returns
Autocorrelation, which is New Found 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 New Found's stock expected returns. We can calculate the autocorrelation of New Found returns to help us make a trade decision. For example, suppose you find that New Found 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 |
New Found 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 New Found stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Found stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New Found stock over time.
Current vs Lagged Prices |
| Timeline |
New Found Lagged Returns
When evaluating New Found's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New Found stock have on its future price. New Found 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, New Found autocorrelation shows the relationship between New Found stock current value and its past values and can show if there is a momentum factor associated with investing in New Found Gold.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether New Found Gold offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of New Found's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of New Found Gold Stock. Outlined below are crucial reports that will aid in making a well-informed decision on New Found Gold Stock:Check out New Found Correlation, New Found Volatility and New Found Alpha and Beta module to complement your research on New Found. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
New Found technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.