NOVAGOLD RESOURCES (Germany) Performance
| NGR Stock | EUR 3.22 0.01 0.31% |
The company secures a Beta (Market Risk) of -0.32, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning NOVAGOLD RESOURCES are expected to decrease at a much lower rate. During the bear market, NOVAGOLD RESOURCES is likely to outperform the market. At this point, NOVAGOLD RESOURCES has a negative expected return of -0.19%. Please make sure to verify NOVAGOLD RESOURCES's potential upside, kurtosis, rate of daily change, as well as the relationship between the skewness and daily balance of power , to decide if NOVAGOLD RESOURCES performance from the past will be repeated at some future point.
Risk-Adjusted Performance
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Over the last 90 days NOVAGOLD RESOURCES has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest fragile performance, the Stock's basic indicators remain sound and the latest tumult on Wall Street may also be a sign of longer-term gains for the firm shareholders. ...more
| Begin Period Cash Flow | 91.1 M | |
| Free Cash Flow | -12.4 M |
NOVAGOLD |
NOVAGOLD RESOURCES Relative Risk vs. Return Landscape
If you would invest 374.00 in NOVAGOLD RESOURCES on September 19, 2024 and sell it today you would lose (52.00) from holding NOVAGOLD RESOURCES or give up 13.9% of portfolio value over 90 days. NOVAGOLD RESOURCES is producing return of less than zero assuming 3.0793% volatility of returns over the 90 days investment horizon. Simply put, 27% of all stocks have less volatile historical return distribution than NOVAGOLD RESOURCES, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
NOVAGOLD RESOURCES Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NOVAGOLD RESOURCES's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as NOVAGOLD RESOURCES, and traders can use it to determine the average amount a NOVAGOLD RESOURCES's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0605
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| Negative Returns | NGR |
Estimated Market Risk
| 3.08 actual daily | 27 73% of assets are more volatile |
Expected Return
| -0.19 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NOVAGOLD RESOURCES is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NOVAGOLD RESOURCES by adding NOVAGOLD RESOURCES to a well-diversified portfolio.
NOVAGOLD RESOURCES Fundamentals Growth
NOVAGOLD Stock prices reflect investors' perceptions of the future prospects and financial health of NOVAGOLD RESOURCES, and NOVAGOLD RESOURCES fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on NOVAGOLD Stock performance.
| Current Valuation | 1.88 B | |||
| Price To Book | 49.08 X | |||
| EBITDA | (45.41 M) | |||
| Total Debt | 123.69 M | |||
| Cash Flow From Operations | (12.37 M) | |||
| Total Asset | 159.19 M | |||
About NOVAGOLD RESOURCES Performance
By analyzing NOVAGOLD RESOURCES's fundamental ratios, stakeholders can gain valuable insights into NOVAGOLD RESOURCES's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if NOVAGOLD RESOURCES has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if NOVAGOLD RESOURCES has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Things to note about NOVAGOLD RESOURCES performance evaluation
Checking the ongoing alerts about NOVAGOLD RESOURCES for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for NOVAGOLD RESOURCES help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| NOVAGOLD RESOURCES generated a negative expected return over the last 90 days | |
| NOVAGOLD RESOURCES has high historical volatility and very poor performance | |
| Net Loss for the year was (53.34 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| NOVAGOLD RESOURCES generates negative cash flow from operations |
- Analyzing NOVAGOLD RESOURCES's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether NOVAGOLD RESOURCES's stock is overvalued or undervalued compared to its peers.
- Examining NOVAGOLD RESOURCES's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating NOVAGOLD RESOURCES's management team can have a significant impact on its success or failure. Reviewing the track record and experience of NOVAGOLD RESOURCES's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of NOVAGOLD RESOURCES's stock. These opinions can provide insight into NOVAGOLD RESOURCES's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for NOVAGOLD Stock analysis
When running NOVAGOLD RESOURCES's price analysis, check to measure NOVAGOLD RESOURCES'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 NOVAGOLD RESOURCES is operating at the current time. Most of NOVAGOLD RESOURCES's value examination focuses on studying past and present price action to predict the probability of NOVAGOLD RESOURCES's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NOVAGOLD RESOURCES's price. Additionally, you may evaluate how the addition of NOVAGOLD RESOURCES to your portfolios can decrease your overall portfolio volatility.
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