NovaRed Mining (XCNQ:NRED) Volatility: 445.46% (As of Jul. 19, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XCNQ:NRED NovaRed Mining Inc XCNQ:NRED
18 GF Score
Price C$0.68
! 1 Warning Sign
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What is NovaRed Mining Volatility?

NovaRed Mining XCNQ:NRED +4.62% 18 Volatility is 445.46% as of Jul. 19, 2026. GuruFocus rates XCNQ:NRED with a GF Score™ of 18/100. The stock has 1 warning sign investors should review.

Volatility is a statistical measure of the dispersion of returns for a given security or market index, it shows how the price swings around its mean. The volatility here is measured as the annualized standard deviation between monthly returns from the security over the past year. In most cases, the higher the volatility, the riskier the security.

As of today (2026-07-19), NovaRed Mining's Volatility is 445.46%.

NovaRed Mining  (XCNQ:NRED) Volatility Explanation

Volatility is a statistical measure of the dispersion of returns for a given security or market index. It’s often measured as standard deviation or variance of historical returns over a certain period. The volatility here is measured as the annualized standard deviation between monthly returns from the security over the past year.

Volatility reflects the uncertainty or risk of a security’s value. Generally speaking, a higher volatility suggests a higher risk, because it implies a wider fluctuation around average price. This means the price of the security can change dramatically in either direction within a short period. Conversely, a lower volatility means that the security's price is more steady, which suggests a lower risk.

Another measurement of relative volatility is Beta. Beta is a measure of systematic risk of a security or a portfolio in comparison to the market as a whole. Beta is usually compared to 1. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

NovaRed Mining Volatility Related Terms

NovaRed Mining Volatility Competitor Comparison

For the Other Industrial Metals & Mining subindustry, NovaRed Mining's Volatility, along with its competitors' market caps and Volatility 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.

NovaRed Mining Volatility vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, NovaRed Mining's Volatility distribution charts can be found below:

* The bar in red indicates where NovaRed Mining's Volatility falls into.


XCNQ:NRED
18GF Score
NovaRed Mining Inc XCNQ:NRED
Volatility is just one metric. See GF Score™, valuation, warning signs, and more.
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NovaRed Mining  (XCNQ:NRED) Volatility Calculation

The annualized volatility is calculated as following:

σA=σM * √12
=√ 1/(n-1) ∑(Ri - R')^2 * √12

Where: σM is the monthly volatility, n is the number of months in the period, Ri is the security's historical monthly returns and R' is the arithmetic mean of monthly returns.

* 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.

Frequently Asked Questions Learn more about Volatility →
What does a Volatility of 445.46% mean?
NovaRed Mining (XCNQ:NRED) has a Volatility of 445.46% as of Jul. 19, 2026. Volatility is measured as the annualized standard deviation between monthly returns from the security over the past year. View historical data on NovaRed Mining and its competitors.
Is NovaRed Mining's Volatility too high?
NovaRed Mining's current Volatility is 445.46%. Overall, NovaRed Mining has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does NovaRed Mining's Volatility compare to competitors?
NovaRed Mining's Volatility of 445.46% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Volatility for a Metals & Mining company?
A good Volatility depends on the Metals & Mining industry context. However, Volatility 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 Volatility mean?
A high Volatility can signal that a stock is expensive relative to its fundamentals. Volatility is measured as the annualized standard deviation between monthly returns from the security over the past year. View historical data on NovaRed Mining and its competitors. NovaRed Mining's current Volatility is 445.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NovaRed Mining stock overvalued right now?
NovaRed Mining (XCNQ:NRED) has a current Volatility of 445.46%. The current Volatility is 445.46%. NovaRed Mining's overall GF Score™ is 18/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Volatility calculated?
Volatility is calculated from a company's financial statements. For NovaRed Mining (XCNQ:NRED), the current Volatility is 445.46% as of Jul. 19, 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.

NovaRed Mining Business Description

Address 905 West Pender Street, Suite 503, Vancouver, BC, CAN, V6C 1L6
NovaRed Mining Inc is engaged in the identification, acquisition, exploration and development of mineral resource projects. The company holds interest in the Wilmac Copper-Gold Project located southwest of Princeton in the Similkameen Mining Division, British Columbia.
18GF Score

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Volatility is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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