NOVAGOLD RESOURCES (Germany) Buy Hold or Sell Recommendation
| NGR Stock | EUR 2.89 0.02 0.70% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding NOVAGOLD RESOURCES is 'Strong Sell'. Macroaxis provides NOVAGOLD RESOURCES buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding NGR positions.
Check out NOVAGOLD RESOURCES Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For information on how to trade NOVAGOLD Stock refer to our How to Trade NOVAGOLD Stock guide. Note, we conduct extensive research on individual companies such as NOVAGOLD and provide practical buy, sell, or hold advice based on investors' constraints. NOVAGOLD RESOURCES. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
NOVAGOLD |
Execute NOVAGOLD RESOURCES Buy or Sell Advice
The NOVAGOLD recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on NOVAGOLD RESOURCES. Macroaxis does not own or have any residual interests in NOVAGOLD RESOURCES or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute NOVAGOLD RESOURCES's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Unstable | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
NOVAGOLD RESOURCES Trading Alerts and Improvement Suggestions
| NOVAGOLD RESOURCES generated a negative expected return over the last 90 days | |
| Net Loss for the year was (53.34 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| NOVAGOLD RESOURCES generates negative cash flow from operations |
NOVAGOLD RESOURCES Returns Distribution Density
The distribution of NOVAGOLD RESOURCES's historical returns is an attempt to chart the uncertainty of NOVAGOLD RESOURCES's future price movements. The chart of the probability distribution of NOVAGOLD RESOURCES daily returns describes the distribution of returns around its average expected value. We use NOVAGOLD RESOURCES price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of NOVAGOLD RESOURCES returns is essential to provide solid investment advice for NOVAGOLD RESOURCES.
| Mean Return | -0.2 | Value At Risk | -5.68 | Potential Upside | 4.09 | Standard Deviation | 2.82 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of NOVAGOLD RESOURCES historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
NOVAGOLD RESOURCES Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to NOVAGOLD RESOURCES or Other sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that NOVAGOLD RESOURCES's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a NOVAGOLD stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.21 | |
β | Beta against Dow Jones | 0.02 | |
σ | Overall volatility | 2.79 | |
Ir | Information ratio | -0.05 |
NOVAGOLD RESOURCES Volatility Alert
NOVAGOLD RESOURCES exhibits very low volatility with skewness of -0.05 and kurtosis of 1.22. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure NOVAGOLD RESOURCES's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact NOVAGOLD RESOURCES's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.NOVAGOLD RESOURCES Fundamentals Vs Peers
Comparing NOVAGOLD RESOURCES's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze NOVAGOLD RESOURCES's direct or indirect competition across all of the common fundamentals between NOVAGOLD RESOURCES and the related equities. This way, we can detect undervalued stocks with similar characteristics as NOVAGOLD RESOURCES or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of NOVAGOLD RESOURCES's fundamental indicators could also be used in its relative valuation, which is a method of valuing NOVAGOLD RESOURCES by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare NOVAGOLD RESOURCES to competition |
| Fundamentals | NOVAGOLD RESOURCES | Peer Average |
| Current Valuation | 1.88 B | 16.62 B |
| Price To Book | 49.08 X | 9.51 X |
| EBITDA | (45.41 M) | 3.9 B |
| Net Income | (53.34 M) | 570.98 M |
| Total Debt | 123.69 M | 5.32 B |
| Cash Flow From Operations | (12.37 M) | 971.22 M |
| Number Of Employees | 17 | 18.84 K |
| Market Capitalization | 2.03 B | 19.03 B |
| Total Asset | 159.19 M | 29.47 B |
| Z Score | 9.6 | 8.72 |
| Net Asset | 159.19 M |
NOVAGOLD RESOURCES Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as NOVAGOLD . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 2.89 | |||
| Day Typical Price | 2.89 | |||
| Price Action Indicator | 0.01 | |||
| Period Momentum Indicator | 0.02 |
About NOVAGOLD RESOURCES Buy or Sell Advice
When is the right time to buy or sell NOVAGOLD RESOURCES? Buying financial instruments such as NOVAGOLD Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having NOVAGOLD RESOURCES in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Outsourcing Thematic Idea Now
Outsourcing
Companies involved in providing outsourcing and staffing services to business across different domains. The Outsourcing theme has 8 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Outsourcing Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in NOVAGOLD Stock
When determining whether NOVAGOLD RESOURCES is a strong investment it is important to analyze NOVAGOLD RESOURCES's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NOVAGOLD RESOURCES's future performance. For an informed investment choice regarding NOVAGOLD Stock, refer to the following important reports:Check out NOVAGOLD RESOURCES Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For information on how to trade NOVAGOLD Stock refer to our How to Trade NOVAGOLD Stock guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.