New Net Income from 2010 to 2026
| NGD Stock | CAD 15.11 1.07 7.62% |
Net Income | First Reported 1997-09-30 | Previous Quarter 68.6 M | Current Value 140.7 M | Quarterly Volatility 99.8 M |
Check New Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among New Gold's main balance sheet or income statement drivers, such as Depreciation And Amortization of 299.6 M, Interest Expense of 16.5 M or Selling General Administrative of 46.6 M, as well as many indicators such as Price To Sales Ratio of 2.2, Dividend Yield of 0.0 or PTB Ratio of 1.94. New financial statements analysis is a perfect complement when working with New Gold Valuation or Volatility modules.
New | Net Income |
Evaluating New Gold's Net Income across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into New Gold's fundamental strength.
Latest New Gold's Net Income Growth Pattern
Below is the plot of the Net Income of New Gold over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in New Gold financial statement analysis. It represents the amount of money remaining after all of New Gold operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is New Gold's Net Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in New Gold's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 102.6 M | 10 Years Trend |
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Net Income |
| Timeline |
New Net Income Regression Statistics
| Arithmetic Mean | (98,489,120) | |
| Geometric Mean | 71,108,311 | |
| Coefficient Of Variation | (339.99) | |
| Mean Deviation | 201,288,753 | |
| Median | (64,500,000) | |
| Standard Deviation | 334,854,585 | |
| Sample Variance | 112127.6T | |
| Range | 1.4B | |
| R-Value | 0.10 | |
| Mean Square Error | 118356.3T | |
| R-Squared | 0.01 | |
| Significance | 0.70 | |
| Slope | 6,769,511 | |
| Total Sum of Squares | 1794041.5T |
New Net Income History
About New Gold Financial Statements
New Gold investors utilize fundamental indicators, such as Net Income, to predict how New Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Net Income | 92.3 M | 97 M | |
| Net Income From Continuing Ops | 118 M | 123.9 M | |
| Net Income Applicable To Common Shares | 118 M | 123.9 M | |
| Net Income Per Share | 0.14 | 0.16 | |
| Net Income Per E B T | 1.42 | 1.14 |
Pair Trading with New Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if New Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in New Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with New Stock
| 0.98 | AG | First Majestic Silver Earnings Call This Week | PairCorr |
| 0.9 | IE | Ivanhoe Energy | PairCorr |
| 0.92 | ORE | Orezone Gold Corp | PairCorr |
| 0.91 | FDY | Faraday Copper Corp | PairCorr |
Moving against New Stock
| 0.77 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.77 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.72 | AAPL | Apple CDR | PairCorr |
| 0.71 | AAPL | Apple Inc CDR | PairCorr |
| 0.58 | MSFT | Microsoft Corp CDR | PairCorr |
The ability to find closely correlated positions to New Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back New Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling New Gold to buy it.
The correlation of New Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as New Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for New Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of New Gold Correlation against competitors. To learn how to invest in New Stock, please use our How to Invest in New Gold guide.You can also try the AI Portfolio Prophet module to use AI to generate optimal portfolios and find profitable investment opportunities.