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New Gold Inc., an intermediate gold mining company, engages in the development and operation of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company’s...
The following section summarizes insights on New Gold Inc's Fair Value Downside (FINBOX):
We've identified the following companies as similar to New Gold Inc because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.
Data is returned as a standard number. Suggested format is percent (e.g 0.171 => 17.1%). Please note, you need a Premium subscription to access data for fair_value_downside.
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Fair Value Downside (FINBOX) in the predictions category include:
The percentage decrease (if positive) or increase (if negative) that our models estimate over the current stock price.
Fair Value Downside represents the premium (if positive) or discount (if negative) implied by a company’s current stock price when compared to our estimate of intrinsic value. It is the inverse of Fair Value Upside
Downside = (Fair Value Estimate / Stock Price - 1) * -1
The chart above depicts the distribution of fair value downside (finbox) for companies operating in the Materials sector in the Developed economic region. Over 3,055 companies were considered in this analysis, and 2,995 had meaningful values. The average fair value downside (finbox) of companies in the sector is -4.1% with a standard deviation of 31.6%.
New Gold Inc's Fair Value Downside (FINBOX) of -12.4% ranks in the 39.8% percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 3,060 |
| Included Constituents | 2,995 |
| Min | -100.0% |
| Max | 51.3% |
| Median | -3.7% |
| Mean | -4.1% |
| Standard Deviation | 31.6% |
You can find companies with similar fair value downside (finbox) using this stock screener.