Newmont Corp (UK) Market Value
| 0R28 Stock | 38.35 1.11 2.98% |
| Symbol | Newmont |
Newmont Corp '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 Newmont Corp's 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 Newmont Corp.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Newmont Corp on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Newmont Corp or generate 0.0% return on investment in Newmont Corp over 720 days. Newmont Corp is related to or competes with Uniper SE, Mulberry Group, London Security, Triad Group, SURETRACK MON, Ikigai Ventures, and Heavitree Brewery. Newmont Corp is entity of United Kingdom More
Newmont Corp 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 Newmont Corp's 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 Newmont Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 16.67 | |||
| Value At Risk | (3.75) | |||
| Potential Upside | 2.2 |
Newmont Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Newmont Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Newmont Corp's standard deviation. In reality, there are many statistical measures that can use Newmont Corp historical prices to predict the future Newmont Corp's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.52) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (2.23) |
Newmont Corp Backtested Returns
Newmont Corp has Sharpe Ratio of -0.23, which conveys that the firm had a -0.23% return per unit of risk over the last 3 months. Newmont Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Newmont Corp's Risk Adjusted Performance of (0.15), mean deviation of 1.61, and Standard Deviation of 2.52 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.23, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Newmont Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Newmont Corp is expected to be smaller as well. At this point, Newmont Corp has a negative expected return of -0.59%. Please make sure to verify Newmont Corp's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Newmont Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.67 |
Very good reverse predictability
Newmont Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Newmont Corp time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Newmont Corp price movement. The serial correlation of -0.67 indicates that around 67.0% of current Newmont Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 48.77 |
Newmont Corp lagged returns against current returns
Autocorrelation, which is Newmont Corp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Newmont Corp's stock expected returns. We can calculate the autocorrelation of Newmont Corp returns to help us make a trade decision. For example, suppose you find that Newmont Corp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Newmont Corp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Newmont Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Newmont Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Newmont Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Newmont Corp Lagged Returns
When evaluating Newmont Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Newmont Corp stock have on its future price. Newmont Corp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Newmont Corp autocorrelation shows the relationship between Newmont Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Newmont Corp.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Newmont Stock Analysis
When running Newmont Corp's price analysis, check to measure Newmont Corp'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 Newmont Corp is operating at the current time. Most of Newmont Corp's value examination focuses on studying past and present price action to predict the probability of Newmont Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newmont Corp's price. Additionally, you may evaluate how the addition of Newmont Corp to your portfolios can decrease your overall portfolio volatility.