NEWGOLD EXCHANGE (Nigeria) Performance
| NEWGOLD Stock | 55,000 500.01 0.90% |
The company secures a Beta (Market Risk) of -1.75, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning NEWGOLD EXCHANGE are expected to decrease by larger amounts. On the other hand, during market turmoil, NEWGOLD EXCHANGE is expected to outperform it. At this point, NEWGOLD EXCHANGE TRADED has a negative expected return of -0.0343%. Please make sure to verify NEWGOLD EXCHANGE's downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to decide if NEWGOLD EXCHANGE TRADED performance from the past will be repeated at future time.
Risk-Adjusted Performance
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Over the last 90 days NEWGOLD EXCHANGE TRADED has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound essential indicators, NEWGOLD EXCHANGE is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
NEWGOLD |
NEWGOLD EXCHANGE Relative Risk vs. Return Landscape
If you would invest 6,000,000 in NEWGOLD EXCHANGE TRADED on May 21, 2025 and sell it today you would lose (500,001) from holding NEWGOLD EXCHANGE TRADED or give up 8.33% of portfolio value over 90 days. NEWGOLD EXCHANGE TRADED is generating negative expected returns and assumes 4.7715% volatility on return distribution over the 90 days horizon. Simply put, 42% of stocks are less volatile than NEWGOLD, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
NEWGOLD EXCHANGE Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEWGOLD EXCHANGE's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as NEWGOLD EXCHANGE TRADED, and traders can use it to determine the average amount a NEWGOLD EXCHANGE'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 = -0.0072
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| Negative Returns | NEWGOLD |
Estimated Market Risk
| 4.77 actual daily | 42 58% of assets are more volatile |
Expected Return
| -0.03 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 NEWGOLD EXCHANGE 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 NEWGOLD EXCHANGE by adding NEWGOLD EXCHANGE to a well-diversified portfolio.
Things to note about NEWGOLD EXCHANGE TRADED performance evaluation
Checking the ongoing alerts about NEWGOLD EXCHANGE for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for NEWGOLD EXCHANGE TRADED help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| NEWGOLD EXCHANGE generated a negative expected return over the last 90 days | |
| NEWGOLD EXCHANGE has high historical volatility and very poor performance |
- Analyzing NEWGOLD EXCHANGE'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 NEWGOLD EXCHANGE's stock is overvalued or undervalued compared to its peers.
- Examining NEWGOLD EXCHANGE'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 NEWGOLD EXCHANGE's management team can have a significant impact on its success or failure. Reviewing the track record and experience of NEWGOLD EXCHANGE's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of NEWGOLD EXCHANGE's stock. These opinions can provide insight into NEWGOLD EXCHANGE's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for NEWGOLD Stock analysis
When running NEWGOLD EXCHANGE's price analysis, check to measure NEWGOLD EXCHANGE'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 NEWGOLD EXCHANGE is operating at the current time. Most of NEWGOLD EXCHANGE's value examination focuses on studying past and present price action to predict the probability of NEWGOLD EXCHANGE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NEWGOLD EXCHANGE's price. Additionally, you may evaluate how the addition of NEWGOLD EXCHANGE to your portfolios can decrease your overall portfolio volatility.
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