NovaGold Net Income Per Share from 2010 to 2026
| NG Stock | CAD 14.52 0.53 3.79% |
Net Loss | First Reported 2010-12-31 | Previous Quarter (0.23) | Current Value (0.24) | Quarterly Volatility 0.0577409 |
Check NovaGold Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NovaGold Resources' main balance sheet or income statement drivers, such as Interest Expense of 17.8 M, Selling General Administrative of 23.8 M or Total Revenue of 0.0, as well as many indicators such as Price To Sales Ratio of 5 K, Dividend Yield of 0.0 or PTB Ratio of 22.01. NovaGold financial statements analysis is a perfect complement when working with NovaGold Resources Valuation or Volatility modules.
NovaGold | Net Income Per Share |
Evaluating NovaGold Resources's Net Income Per Share 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 NovaGold Resources's fundamental strength.
Latest NovaGold Resources' Net Income Per Share Growth Pattern
Below is the plot of the Net Income Per Share of NovaGold Resources over the last few years. It is NovaGold Resources' Net Loss historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in NovaGold Resources' overall financial position and show how it may be relating to other accounts over time.
| Net Income Per Share | 10 Years Trend |
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Net Income Per Share |
| Timeline |
NovaGold Net Income Per Share Regression Statistics
| Arithmetic Mean | (0.14) | |
| Coefficient Of Variation | (41.04) | |
| Mean Deviation | 0.04 | |
| Median | (0.13) | |
| Standard Deviation | 0.06 | |
| Sample Variance | 0 | |
| Range | 0.2088 | |
| R-Value | (0.59) | |
| Mean Square Error | 0 | |
| R-Squared | 0.35 | |
| Significance | 0.01 | |
| Slope | (0.01) | |
| Total Sum of Squares | 0.05 |
NovaGold Net Income Per Share History
About NovaGold Resources Financial Statements
NovaGold Resources investors utilize fundamental indicators, such as Net Income Per Share, to predict how NovaGold 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 Loss | (0.23) | (0.24) |
Pair Trading with NovaGold Resources
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 NovaGold Resources 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 NovaGold Resources will appreciate offsetting losses from the drop in the long position's value.Moving against NovaGold Stock
| 0.38 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.38 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.33 | AAPL | Apple CDR | PairCorr |
| 0.33 | AAPL | Apple Inc CDR | PairCorr |
The ability to find closely correlated positions to NovaGold Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NovaGold Resources 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 NovaGold Resources - 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 NovaGold Resources to buy it.
The correlation of NovaGold Resources 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 NovaGold Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NovaGold Resources 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 NovaGold Resources 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 NovaGold Resources Correlation against competitors. To learn how to invest in NovaGold Stock, please use our How to Invest in NovaGold Resources guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.