Novagold Resources Stock Price on November 25, 2024
| NG Stock | CAD 5.03 0.08 1.62% |
Below is the normalized historical share price chart for NovaGold Resources extending back to June 26, 1987. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of NovaGold Resources stands at 5.03, as last reported on the 27th of November, with the highest price reaching 5.05 and the lowest price hitting 4.93 during the day.
If you're considering investing in NovaGold Stock, it is important to understand the factors that can impact its price. NovaGold Resources has Sharpe Ratio of -0.0496, which conveys that the firm had a -0.0496% return per unit of risk over the last 3 months. NovaGold Resources exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NovaGold Resources' Standard Deviation of 3.26, risk adjusted performance of (0.04), and Mean Deviation of 2.38 to check out the risk estimate we provide.
As of the 27th of November 2024, Total Stockholder Equity is likely to grow to about (9 M). In addition to that, Common Stock Shares Outstanding is likely to drop to about 200.8 M. At this time, NovaGold Resources' Price To Sales Ratio is very stable compared to the past year. As of the 27th of November 2024, Price Earnings To Growth Ratio is likely to grow to 2.90, while Price Earnings Ratio is likely to drop (28.33). NovaGold Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 4.8209 | 50 Day MA 5.1538 | Beta 1.097 |
NovaGold |
Sharpe Ratio = -0.0496
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| Negative Returns | NG |
Estimated Market Risk
| 3.3 actual daily | 29 71% of assets are more volatile |
Expected Return
| -0.16 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NovaGold Resources is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NovaGold Resources by adding NovaGold Resources to a well-diversified portfolio.
Price Book 25.7 K | Book Value (0.11) | Enterprise Value 1.8 B | Enterprise Value Ebitda (54.97) | Shares Float 218.9 M |
NovaGold Resources Valuation on November 25, 2024
It is possible to determine the worth of NovaGold Resources on a given historical date. On November 25, 2024 NovaGold was worth 4.94 at the beginning of the trading date compared to the closed value of 4.95. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NovaGold Resources stock. Still, in general, we apply an absolute valuation method to find NovaGold Resources' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of NovaGold Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NovaGold Resources' related companies.
| Open | High | Low | Close | Volume | |
| 5.07 | 5.15 | 5.02 | 5.07 | 102,096 | |
11/25/2024 | 4.94 | 5.04 | 4.89 | 4.95 | 233,009 |
| 4.97 | 5.05 | 4.93 | 5.03 | 169,453 |
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NovaGold Resources Trading Date Momentum on November 25, 2024
| On November 26 2024 NovaGold Resources was traded for 5.03 at the closing time. The highest daily price throughout the period was 5.05 and the lowest price was 4.93 . The daily volume was 169.5 K. The net trading volume on 11/26/2024 added to the next day price boost. The trading delta at closing time to closing price of the next trading day was 1.62% . The trading delta at closing time to current closing price is 0.40% . |
NovaGold Resources Fundamentals Correlations and Trends
By evaluating NovaGold Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among NovaGold Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. NovaGold financial account trend analysis is a perfect complement when working with valuation or volatility modules.About NovaGold Resources Stock history
NovaGold Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for NovaGold is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NovaGold Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing NovaGold Resources stock prices may prove useful in developing a viable investing in NovaGold Resources
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 384.2 M | 200.8 M | |
| Net Loss | -48 M | -50.4 M |
NovaGold Resources Quarterly Net Working Capital |
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NovaGold Resources Stock Technical Analysis
NovaGold Resources technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
NovaGold Resources Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
NovaGold Resources cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
NovaGold Resources November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how NovaGold Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NovaGold Resources shares will generate the highest return on investment. By undertsting and applying NovaGold Resources stock market strength indicators, traders can identify NovaGold Resources entry and exit signals to maximize returns
NovaGold Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NovaGold Resources' price direction in advance. Along with the technical and fundamental analysis of NovaGold Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NovaGold to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | 31.64 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 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 estimate. To learn how to invest in NovaGold Stock, please use our How to Invest in NovaGold Resources guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.