Novagold Resources Stock Performance
| NG Stock | USD 3.66 0.08 2.23% |
The company secures a Beta (Market Risk) of 0.75, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NovaGold Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding NovaGold Resources is expected to be smaller as well. At this point, NovaGold Resources has a negative expected return of -0.0738%. Please make sure to verify NovaGold Resources' value at risk, accumulation distribution, as well as the relationship between the Accumulation Distribution and day typical price , to decide if NovaGold Resources performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days NovaGold Resources has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable technical and fundamental indicators, NovaGold Resources is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
Actual Historical Performance (%)
One Day Return 2.23 | Five Day Return 3.68 | Year To Date Return (3.68) | Ten Year Return 29.33 | All Time Return (27.81) |
1 | First Eagle Investment Management LLC Raises Stake in NovaGold Resources Inc. - MarketBeat | 09/19/2024 |
2 | Acquisition by Adamek Peter of 1678 shares of NovaGold Resources at 4. subject to Rule 16b-3 | 09/30/2024 |
3 | Acquisition by Williams Richard Alan of 2800 shares of NovaGold Resources at 2.83 subject to Rule 16b-3 | 10/01/2024 |
4 | Canada stocks lower at close of trade SPTSX Composite down 0.14 | 10/03/2024 |
5 | Earnings call NOVAGOLD reports Q3 results, advances Donlin Gold Project | 10/07/2024 |
6 | Acquisition by Gregory Lang of 759 shares of NovaGold Resources at 3.45 subject to Rule 16b-3 | 10/28/2024 |
7 | Exor N.V. Acquires Significant Stake in Novagold Resources Inc | 11/13/2024 |
| Begin Period Cash Flow | 63.9 M |
NovaGold |
NovaGold Resources Relative Risk vs. Return Landscape
If you would invest 397.00 in NovaGold Resources on September 1, 2024 and sell it today you would lose (31.00) from holding NovaGold Resources or give up 7.81% of portfolio value over 90 days. NovaGold Resources is generating negative expected returns and assumes 3.3218% volatility on return distribution over the 90 days horizon. Put differently, 29% of stocks are less risky than NovaGold on the basis of their historical return distribution, and some 99% of all equities are expected to be superior in generating returns on investments over the next 90 days. Expected Return |
| Risk |
NovaGold Resources Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NovaGold Resources' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as NovaGold Resources, and traders can use it to determine the average amount a NovaGold Resources' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0222
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NG |
Estimated Market Risk
| 3.32 actual daily | 29 71% of assets are more volatile |
Expected Return
| -0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 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.
NovaGold Resources Fundamentals Growth
NovaGold Stock prices reflect investors' perceptions of the future prospects and financial health of NovaGold Resources, and NovaGold Resources fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on NovaGold Stock performance.
| Return On Equity | -17.91 | ||||
| Return On Asset | -0.12 | ||||
| Current Valuation | 1.25 B | ||||
| Shares Outstanding | 334.57 M | ||||
| Price To Earning | (37.59) X | ||||
| Price To Book | 25,838 X | ||||
| EBITDA | (40.31 M) | ||||
| Net Income | (46.8 M) | ||||
| Cash And Equivalents | 63.88 M | ||||
| Cash Per Share | 0.40 X | ||||
| Total Debt | 137.55 M | ||||
| Debt To Equity | 2.99 % | ||||
| Current Ratio | 45.44 X | ||||
| Book Value Per Share | (0.11) X | ||||
| Cash Flow From Operations | (7.79 M) | ||||
| Earnings Per Share | (0.14) X | ||||
| Market Capitalization | 1.11 B | ||||
| Total Asset | 133.29 M | ||||
| Retained Earnings | (2.06 B) | ||||
| Working Capital | 123.31 M | ||||
| Current Asset | 107.34 M | ||||
| Current Liabilities | 3.05 M | ||||
About NovaGold Resources Performance
By analyzing NovaGold Resources' fundamental ratios, stakeholders can gain valuable insights into NovaGold Resources' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if NovaGold Resources has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if NovaGold Resources has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | (3.80) | (3.61) | |
| Return On Tangible Assets | (0.40) | (0.38) | |
| Return On Capital Employed | (0.15) | (0.16) | |
| Return On Assets | (0.40) | (0.38) | |
| Return On Equity | 6.55 | 6.87 |
Things to note about NovaGold Resources performance evaluation
Checking the ongoing alerts about NovaGold Resources for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for NovaGold Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| NovaGold Resources generated a negative expected return over the last 90 days | |
| NovaGold Resources has high historical volatility and very poor performance | |
| NovaGold Resources has a very high chance of going through financial distress in the upcoming years | |
| Annual Net Loss to common stockholders was (46.8 M) with gross profit of 0. | |
| NovaGold Resources reports about 63.88 M in cash with (7.79 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.4. | |
| Roughly 58.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Exor N.V. Acquires Significant Stake in Novagold Resources Inc |
- Analyzing NovaGold Resources' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether NovaGold Resources' stock is overvalued or undervalued compared to its peers.
- Examining NovaGold Resources' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating NovaGold Resources' management team can have a significant impact on its success or failure. Reviewing the track record and experience of NovaGold Resources' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of NovaGold Resources' stock. These opinions can provide insight into NovaGold Resources' potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for NovaGold Stock analysis
When running NovaGold Resources' price analysis, check to measure NovaGold Resources' 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' value examination focuses on studying past and present price action to predict the probability of NovaGold Resources' 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' price. Additionally, you may evaluate how the addition of NovaGold Resources to your portfolios can decrease your overall portfolio volatility.
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