Novagold Resources Stock Market Value
| NG Stock | USD 9.07 0.09 0.98% |
| Symbol | NovaGold |
Can Metals & Mining industry sustain growth momentum? Does NovaGold have expansion opportunities? Factors like these will boost the valuation of NovaGold Resources. Anticipated expansion of NovaGold directly elevates investor willingness to pay premium valuations. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating NovaGold Resources demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Investors evaluate NovaGold Resources using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating NovaGold Resources' intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. External factors like market trends, sector rotation, and investor psychology can cause NovaGold Resources' market price to deviate significantly from intrinsic value.
It's important to distinguish between NovaGold Resources' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding NovaGold Resources should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, NovaGold Resources' market price signifies the transaction level at which participants voluntarily complete trades.
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.
| 11/07/2025 |
| 02/05/2026 |
If you would invest 0.00 in NovaGold Resources on November 7, 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 Orla Mining, Seabridge Gold, United States, Centerra Gold, Knife River, Cabot, and H B. NovaGold Resources Inc. 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 | 4.73 | |||
| Information Ratio | 0.0389 | |||
| Maximum Drawdown | 33.05 | |||
| Value At Risk | (5.53) | |||
| Potential Upside | 6.04 |
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 | 0.0478 | |||
| Jensen Alpha | 0.161 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0356 | |||
| Treynor Ratio | 0.1971 |
NovaGold Resources February 5, 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 | 0.0478 | |||
| Market Risk Adjusted Performance | 0.2071 | |||
| Mean Deviation | 2.88 | |||
| Semi Deviation | 4.23 | |||
| Downside Deviation | 4.73 | |||
| Coefficient Of Variation | 1859.81 | |||
| Standard Deviation | 4.33 | |||
| Variance | 18.71 | |||
| Information Ratio | 0.0389 | |||
| Jensen Alpha | 0.161 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0356 | |||
| Treynor Ratio | 0.1971 | |||
| Maximum Drawdown | 33.05 | |||
| Value At Risk | (5.53) | |||
| Potential Upside | 6.04 | |||
| Downside Variance | 22.34 | |||
| Semi Variance | 17.88 | |||
| Expected Short fall | (3.19) | |||
| Skewness | (1.32) | |||
| Kurtosis | 7.74 |
NovaGold Resources Backtested Returns
NovaGold Resources appears to be slightly risky, given 3 months investment horizon. NovaGold Resources has Sharpe Ratio of 0.0612, which conveys that the firm had a 0.0612 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for NovaGold Resources, which you can use to evaluate the volatility of the firm. Please exercise NovaGold Resources' Risk Adjusted Performance of 0.0478, downside deviation of 4.73, and Mean Deviation of 2.88 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 4. The company secures a Beta (Market Risk) of 1.13, which conveys a somewhat significant risk relative to the market. NovaGold Resources returns are very sensitive to returns on the market. As the market goes up or down, NovaGold Resources is expected to follow. Please check NovaGold Resources' skewness, and the relationship between the potential upside and rate of daily change , to make a quick decision on whether NovaGold Resources' current price movements will revert.
Auto-correlation | 0.19 |
Very weak predictability
NovaGold Resources has very weak predictability. Overlapping area represents the amount of predictability between NovaGold Resources time series from 7th of November 2025 to 22nd of December 2025 and 22nd of December 2025 to 5th of February 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 0.19 indicates that over 19.0% of current NovaGold Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
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Check out NovaGold Resources Correlation, NovaGold Resources Volatility and NovaGold Resources Performance module to complement your research on NovaGold Resources. For more detail on how to invest in NovaGold Stock please use our How to Invest in NovaGold Resources guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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.