NWLXF (Newlox Gold Ventures) Beta: -5.2308 (As of Jul. 08, 2026)


What is Newlox Gold Ventures Beta?

Newlox Gold Ventures NWLXF Beta is -5.2308 as of Jul. 08, 2026. The stock has 4 warning signs investors should review.

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-07-08), Newlox Gold Ventures's Beta is -5.2308.

Newlox Gold Ventures  (OTCPK:NWLXF) Beta Explanation

Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)

Newlox Gold Ventures Beta Related Terms

Newlox Gold Ventures Beta Historical Data

* Premium members only.

The historical data trend for Newlox Gold Ventures's Beta can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Newlox Gold Ventures Beta Chart

Newlox Gold Ventures Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 -2.51

Newlox Gold Ventures Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.13 -2.51 -1.72 -2.47 -2.78

NWLXF vs WM, RSG, WCN: Beta Comparison

For the Waste Management subindustry, Newlox Gold Ventures's Beta, along with its competitors' market caps and Beta data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Newlox Gold Ventures Beta vs Waste Management Industry

For the Waste Management industry and Industrials sector, Newlox Gold Ventures's Beta distribution charts can be found below:

* The bar in red indicates where Newlox Gold Ventures's Beta falls into.


Newlox Gold Ventures Beta Calculation

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.

Frequently Asked Questions Learn more about Beta →
What does a Beta of -5.2308 mean?
Newlox Gold Ventures (NWLXF) has a Beta of -5.2308 as of Jul. 08, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Newlox Gold Ventures and its competitors.
Is Newlox Gold Ventures' Beta too high?
Newlox Gold Ventures' current Beta is -5.2308.
How does Newlox Gold Ventures' Beta compare to WM and RSG?
Newlox Gold Ventures' Beta of -5.2308 can be compared against companies in the Waste Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beta for a Waste Management company?
A good Beta depends on the Waste Management industry context. However, Beta should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beta mean?
A high Beta can signal that a stock is expensive relative to its fundamentals. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Newlox Gold Ventures and its competitors. Newlox Gold Ventures's current Beta is -5.2308. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Newlox Gold Ventures stock overvalued right now?
Based on GuruFocus' analysis, Newlox Gold Ventures (NWLXF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.02, compared to a current price of $0.03 — trading 50% above its estimated fair value. The current Beta is -5.2308. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beta calculated?
Beta is calculated from a company's financial statements. For Newlox Gold Ventures (NWLXF), the current Beta is -5.2308 as of Jul. 08, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Newlox Gold Ventures Business Description

Other Exchanges NGO:GermanyLUX:Canada
Address 355 Burrard Street, 10th Floor, Vancouver, BC, CAN, V6C 2G8
Newlox Gold Ventures Corp is a Canada based environmental reclamation and mineral recovery company and is in the business of undertaking projects for the purpose of operating tailings remediation and fold recovery in Costa Rica.