Novagold Resources Stock Net Income
| NG Stock | CAD 14.32 0.75 5.53% |
As of the 27th of January, NovaGold Resources secures the Risk Adjusted Performance of 0.1116, mean deviation of 2.29, and Downside Deviation of 2.62. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of NovaGold Resources, as well as the relationship between them.
NovaGold Resources' financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing NovaGold Resources' valuation are provided below:NovaGold Resources does not presently have any fundamental ratios for analysis. This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. NovaGold |
NovaGold Resources 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to NovaGold Resources' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of NovaGold Resources.
| 10/29/2025 |
| 01/27/2026 |
If you would invest 0.00 in NovaGold Resources on October 29, 2025 and sell it all today you would earn a total of 0.00 from holding NovaGold Resources or generate 0.0% return on investment in NovaGold Resources over 90 days. NovaGold Resources is related to or competes with K92 Mining, Orla Mining, Westgold Resources, Torex Gold, Dundee Precious, NGEx Minerals, and Seabridge Gold. NovaGold Resources Inc. primarily explores for and develops gold mineral properties in the United States More
NovaGold Resources Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure NovaGold Resources' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess NovaGold Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.62 | |||
| Information Ratio | 0.1143 | |||
| Maximum Drawdown | 12.28 | |||
| Value At Risk | (4.56) | |||
| Potential Upside | 5.53 |
NovaGold Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NovaGold Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NovaGold Resources' standard deviation. In reality, there are many statistical measures that can use NovaGold Resources historical prices to predict the future NovaGold Resources' volatility.| Risk Adjusted Performance | 0.1116 | |||
| Jensen Alpha | 0.3492 | |||
| Total Risk Alpha | 0.1228 | |||
| Sortino Ratio | 0.128 | |||
| Treynor Ratio | 0.5035 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NovaGold Resources' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
NovaGold Resources January 27, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1116 | |||
| Market Risk Adjusted Performance | 0.5135 | |||
| Mean Deviation | 2.29 | |||
| Semi Deviation | 2.45 | |||
| Downside Deviation | 2.62 | |||
| Coefficient Of Variation | 704.61 | |||
| Standard Deviation | 2.93 | |||
| Variance | 8.61 | |||
| Information Ratio | 0.1143 | |||
| Jensen Alpha | 0.3492 | |||
| Total Risk Alpha | 0.1228 | |||
| Sortino Ratio | 0.128 | |||
| Treynor Ratio | 0.5035 | |||
| Maximum Drawdown | 12.28 | |||
| Value At Risk | (4.56) | |||
| Potential Upside | 5.53 | |||
| Downside Variance | 6.87 | |||
| Semi Variance | 6.01 | |||
| Expected Short fall | (2.86) | |||
| Skewness | (0.12) | |||
| Kurtosis | 0.0908 |
NovaGold Resources Backtested Returns
NovaGold Resources appears to be not too volatile, given 3 months investment horizon. NovaGold Resources has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for NovaGold Resources, which you can use to evaluate the volatility of the firm. Please exercise NovaGold Resources' Downside Deviation of 2.62, mean deviation of 2.29, and Risk Adjusted Performance of 0.1116 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NovaGold Resources holds a performance score of 11. The company secures a Beta (Market Risk) of 0.81, 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. Please check NovaGold Resources' downside variance, as well as the relationship between the accumulation distribution and price action indicator , to make a quick decision on whether NovaGold Resources' current price movements will revert.
Auto-correlation | 0.47 |
Average predictability
NovaGold Resources has average predictability. Overlapping area represents the amount of predictability between NovaGold Resources time series from 29th of October 2025 to 13th of December 2025 and 13th of December 2025 to 27th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NovaGold Resources price movement. The serial correlation of 0.47 indicates that about 47.0% of current NovaGold Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Based on the recorded statements, NovaGold Resources reported net income of (94.66 Million). This is much higher than that of the Metals & Mining sector and 31.71% lower than that of the Materials industry. The net income for all Canada stocks is 116.58% higher than that of the company.
NovaGold Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NovaGold Resources' direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of NovaGold Resources could also be used in its relative valuation, which is a method of valuing NovaGold Resources by comparing valuation metrics of similar companies.NovaGold Resources is currently under evaluation in net income category among its peers.
NovaGold Fundamentals
| Return On Equity | -1.63 | |||
| Return On Asset | -0.0712 | |||
| Current Valuation | 5.59 B | |||
| Shares Outstanding | 406.99 M | |||
| Shares Owned By Insiders | 25.02 % | |||
| Shares Owned By Institutions | 68.27 % | |||
| Number Of Shares Shorted | 3.16 M | |||
| Price To Earning | (48.33) X | |||
| Price To Book | 24.46 X | |||
| EBITDA | (79.89 M) | |||
| Net Income | (94.66 M) | |||
| Cash And Equivalents | 110.14 M | |||
| Cash Per Share | 0.38 X | |||
| Total Debt | 167.06 M | |||
| Debt To Equity | 0.94 % | |||
| Current Ratio | 63.25 X | |||
| Book Value Per Share | 0.55 X | |||
| Cash Flow From Operations | (14.03 M) | |||
| Short Ratio | 7.84 X | |||
| Earnings Per Share | (0.34) X | |||
| Target Price | 16.5 | |||
| Number Of Employees | 14 | |||
| Beta | 1.57 | |||
| Market Capitalization | 5.52 B | |||
| Total Asset | 335.91 M | |||
| Retained Earnings | (2.2 B) | |||
| Working Capital | 112.55 M | |||
| Current Asset | 107.34 M | |||
| Current Liabilities | 3.05 M | |||
| Net Asset | 335.91 M |
About NovaGold Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NovaGold Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NovaGold Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NovaGold Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 together with NovaGold Stock
| 0.69 | AG | First Majestic Silver | PairCorr |
| 0.69 | IE | Ivanhoe Energy | PairCorr |
| 0.68 | ORE | Orezone Gold Corp | PairCorr |
Moving against NovaGold Stock
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 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 producer price index. To learn how to invest in NovaGold Stock, please use our How to Invest in NovaGold Resources guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.