NOVAGOLD RESOURCES Financials
| NGR Stock | EUR 3.22 0.01 0.31% |
NOVAGOLD |
Please note, the presentation of NOVAGOLD RESOURCES's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, NOVAGOLD RESOURCES's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of NOVAGOLD RESOURCES's management manipulating its earnings.
You should never invest in NOVAGOLD RESOURCES without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of NOVAGOLD Stock, because this is throwing your money away. Analyzing the key information contained in NOVAGOLD RESOURCES's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
NOVAGOLD RESOURCES Key Financial Ratios
There are many critical financial ratios that NOVAGOLD RESOURCES's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that NOVAGOLD RESOURCES reports annually and quarterly.NOVAGOLD Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining NOVAGOLD RESOURCES's current stock value. Our valuation model uses many indicators to compare NOVAGOLD RESOURCES value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across NOVAGOLD RESOURCES competition to find correlations between indicators driving NOVAGOLD RESOURCES's intrinsic value. More Info.NOVAGOLD RESOURCES is regarded third in current valuation category among its peers. It is considered to be number one stock in price to book category among its peers . The ratio of Current Valuation to Price To Book for NOVAGOLD RESOURCES is about 38,230,385 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the NOVAGOLD RESOURCES's earnings, one of the primary drivers of an investment's value.NOVAGOLD RESOURCES Systematic Risk
NOVAGOLD RESOURCES's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. NOVAGOLD RESOURCES volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fifty with a total number of output elements of eleven. The Beta measures systematic risk based on how returns on NOVAGOLD RESOURCES correlated with the market. If Beta is less than 0 NOVAGOLD RESOURCES generally moves in the opposite direction as compared to the market. If NOVAGOLD RESOURCES Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one NOVAGOLD RESOURCES is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of NOVAGOLD RESOURCES is generally in the same direction as the market. If Beta > 1 NOVAGOLD RESOURCES moves generally in the same direction as, but more than the movement of the benchmark.
NOVAGOLD RESOURCES December 18, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of NOVAGOLD RESOURCES help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of NOVAGOLD RESOURCES. We use our internally-developed statistical techniques to arrive at the intrinsic value of NOVAGOLD RESOURCES based on widely used predictive technical indicators. In general, we focus on analyzing NOVAGOLD Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build NOVAGOLD RESOURCES's daily price indicators and compare them against related drivers.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 15.16 | |||
| Value At Risk | (5.78) | |||
| Potential Upside | 4.23 |
Complementary Tools for NOVAGOLD Stock analysis
When running NOVAGOLD RESOURCES's price analysis, check to measure NOVAGOLD RESOURCES's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NOVAGOLD RESOURCES is operating at the current time. Most of NOVAGOLD RESOURCES's value examination focuses on studying past and present price action to predict the probability of NOVAGOLD RESOURCES's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NOVAGOLD RESOURCES's price. Additionally, you may evaluate how the addition of NOVAGOLD RESOURCES to your portfolios can decrease your overall portfolio volatility.
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