Newmont Goldcorp Corp Stock Market Value
| NEM Stock | USD 43.23 0.09 0.21% |
| Symbol | Newmont |
Newmont Goldcorp Corp Price To Book Ratio
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Newmont Goldcorp. If investors know Newmont will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Newmont Goldcorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.039 | Dividend Share 1 | Earnings Share (2.19) | Revenue Per Share 15.331 | Quarterly Revenue Growth 0.847 |
The market value of Newmont Goldcorp Corp is measured differently than its book value, which is the value of Newmont that is recorded on the company's balance sheet. Investors also form their own opinion of Newmont Goldcorp's value that differs from its market value or its book value, called intrinsic value, which is Newmont Goldcorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Newmont Goldcorp's market value can be influenced by many factors that don't directly affect Newmont Goldcorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Newmont Goldcorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Newmont Goldcorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Newmont Goldcorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Newmont Goldcorp '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 Goldcorp'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 Goldcorp.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Newmont Goldcorp on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Newmont Goldcorp Corp or generate 0.0% return on investment in Newmont Goldcorp over 30 days. Newmont Goldcorp is related to or competes with Kinross Gold, Gold Fields, Barrick Gold, Pan American, Franco Nevada, Royal Gold, and Sandstorm Gold. Newmont Corporation engages in the production and exploration of gold More
Newmont Goldcorp 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 Goldcorp'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 Goldcorp Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 18.92 | |||
| Value At Risk | (3.20) | |||
| Potential Upside | 2.51 |
Newmont Goldcorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Newmont Goldcorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Newmont Goldcorp's standard deviation. In reality, there are many statistical measures that can use Newmont Goldcorp historical prices to predict the future Newmont Goldcorp's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | (0.61) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Newmont Goldcorp's 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.
Newmont Goldcorp Corp Backtested Returns
Newmont Goldcorp Corp has Sharpe Ratio of -0.1, which conveys that the firm had a -0.1% return per unit of risk over the last 3 months. Newmont Goldcorp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Newmont Goldcorp's Mean Deviation of 1.54, risk adjusted performance of (0.06), and Standard Deviation of 2.49 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.4, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Newmont Goldcorp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Newmont Goldcorp is expected to be smaller as well. At this point, Newmont Goldcorp Corp has a negative expected return of -0.25%. Please make sure to verify Newmont Goldcorp's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Newmont Goldcorp Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.50 |
Modest predictability
Newmont Goldcorp Corp has modest predictability. Overlapping area represents the amount of predictability between Newmont Goldcorp time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 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 Goldcorp Corp price movement. The serial correlation of 0.5 indicates that about 50.0% of current Newmont Goldcorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 1.95 |
Newmont Goldcorp Corp lagged returns against current returns
Autocorrelation, which is Newmont Goldcorp 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 Goldcorp's stock expected returns. We can calculate the autocorrelation of Newmont Goldcorp returns to help us make a trade decision. For example, suppose you find that Newmont Goldcorp 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 Goldcorp 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 Goldcorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Newmont Goldcorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Newmont Goldcorp stock over time.
Current vs Lagged Prices |
| Timeline |
Newmont Goldcorp Lagged Returns
When evaluating Newmont Goldcorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Newmont Goldcorp stock have on its future price. Newmont Goldcorp 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 Goldcorp autocorrelation shows the relationship between Newmont Goldcorp stock current value and its past values and can show if there is a momentum factor associated with investing in Newmont Goldcorp Corp.
Regressed Prices |
| Timeline |
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Newmont Goldcorp 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.