New Gold Semi Variance
| NGD Stock | | | CAD 13.68 -0.93 -6.37% |
New Gold semi variance lookup summarizes this and related technical indicators for New Gold. Some instruments may have limited coverage due to data differences;
Equity Screeners lists screening tools. New Gold has a market cap of 11.46 B, operating margin of 50.16%, ROE of 22.29%. Use
Correlation Analysis to explore allocation context. This includes a position in New Gold across the allocation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
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New Gold has current Semi Variance of 17.95. Semi-variance provides a good measure of downside volatility for equity or a portfolio. It is similar to variance, but it only looks at periods where the returns are less than the target or average level.
Semi Variance | = | SUM(RET DEV)2N(ZERO) |
| = | 17.95 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual return deviation over selected period |
| N(ZERO) | = | Number of points with returns less than zero |
New Gold Semi Variance Peers Comparison
New Semi Variance Relative To Other Indicators
New Gold takes the leading position in semi variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
1.57 in Maximum Drawdown for each unit of Semi Variance. The spread between Maximum Drawdown and Semi Variance for New Gold sits at
1.57 Semi-variance is the square of semi-deviation. Semi-variance is calculated by averaging the deviations of returns that have a result that is less than the mean.
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