New Gold Market Risk Adjusted Performance
| NGD Stock | | | CAD 13.68 -0.93 -6.37% |
Observed values used to calculate the Market Risk Adjusted Performance technical indicator for New Gold. Indicator values reflect available price and volume data where applicable.
New Gold has current Market Risk Adjusted Performance of 0.2013.
MRAP | = | ER[a] + (1/BETA - 1) | X | ER[a] - RFR) |
| = | 0.2013 | |
| ER[a] | = | Expected return on investing in New Gold |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
| BETA | = | Beta of the asset with market or selected benchmark. |
New Gold Market Risk Adjusted Performance Peers Comparison
New Market Risk Adjusted Performance Relative To Other Indicators
New Gold lands at
#5 in market risk adjusted performance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
140.11 in Maximum Drawdown for each unit of Market Risk Adjusted Performance. The spread between Maximum Drawdown and Market Risk Adjusted Performance for New Gold sits at
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