New Found Market Risk Adjusted Performance
| NFGC Stock | | | USD 1.79 -0.02 -1.10% |
Observed values used in the Market Risk Adjusted Performance indicator for New Found Gold are included in this dataset. The information is based on observed market data across timeframes. New Found has a market cap of 674.24 M, ROE of -50.88%. Use
Correlation Analysis to explore allocation context. The allocation summary reflects available position data. The portfolio reflects a holding in New Found Gold. The weighting is visible within the allocation breakdown. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
New Found Gold has current Market Risk Adjusted Performance of
-0.25.
MRAP | = | ER[a] + (1/BETA - 1) | X | ER[a] - RFR) |
| = | -0.25 | |
| ER[a] | = | Expected return on investing in New Found |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
| BETA | = | Beta of the asset with market or selected benchmark. |
Market Risk Adjusted Performance Peers Comparison
Market Risk Adjusted Performance Relative To Other Indicators
New Found Gold is rated
below average for market risk adjusted performance relative to top peers. It is currently under evaluation for maximum drawdown relative to top peers .
Other Technical Indicators