Newmont (Germany) Market Value
| NMM Stock | EUR 43.15 0.80 1.82% |
| Symbol | Newmont |
Newmont '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'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.
| 02/22/2025 |
| 03/24/2025 |
If you would invest 0.00 in Newmont on February 22, 2025 and sell it all today you would earn a total of 0.00 from holding Newmont or generate 0.0% return on investment in Newmont over 30 days. Newmont is related to or competes with HANOVER INSURANCE, Universal Insurance, Cass Information, United Insurance, Goosehead Insurance, DICKER DATA, and Data3. Newmont Goldcorp Corporation, together with its subsidiaries, operates in the mining industry More
Newmont 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'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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | 0.1211 | |||
| Maximum Drawdown | 8.91 | |||
| Value At Risk | (3.39) | |||
| Potential Upside | 3.76 |
Newmont Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Newmont's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Newmont's standard deviation. In reality, there are many statistical measures that can use Newmont historical prices to predict the future Newmont's volatility.| Risk Adjusted Performance | 0.0899 | |||
| Jensen Alpha | 0.1681 | |||
| Total Risk Alpha | 0.3604 | |||
| Sortino Ratio | 0.1306 | |||
| Treynor Ratio | (0.48) |
Newmont Backtested Returns
Newmont appears to be very steady, given 3 months investment horizon. Newmont 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 thirty technical indicators for Newmont, which you can use to evaluate the volatility of the firm. Please exercise Newmont's Downside Deviation of 2.01, risk adjusted performance of 0.0899, and Mean Deviation of 1.74 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Newmont holds a performance score of 11. The company secures a Beta (Market Risk) of -0.41, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Newmont are expected to decrease at a much lower rate. During the bear market, Newmont is likely to outperform the market. Please check Newmont's maximum drawdown, semi variance, accumulation distribution, as well as the relationship between the potential upside and skewness , to make a quick decision on whether Newmont's current price movements will revert.
Auto-correlation | -0.29 |
Weak reverse predictability
Newmont has weak reverse predictability. Overlapping area represents the amount of predictability between Newmont time series from 22nd of February 2025 to 9th of March 2025 and 9th of March 2025 to 24th of March 2025. 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 price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Newmont price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 3.13 |
Newmont lagged returns against current returns
Autocorrelation, which is Newmont 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's stock expected returns. We can calculate the autocorrelation of Newmont returns to help us make a trade decision. For example, suppose you find that Newmont 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Newmont stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Newmont stock over time.
Current vs Lagged Prices |
| Timeline |
Newmont Lagged Returns
When evaluating Newmont's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Newmont stock have on its future price. Newmont 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 autocorrelation shows the relationship between Newmont stock current value and its past values and can show if there is a momentum factor associated with investing in Newmont.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Newmont Stock
Newmont financial ratios help investors to determine whether Newmont Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Newmont with respect to the benefits of owning Newmont security.