Newmont Goldcorp Corp Stock Statistic Functions Beta
| NEM Stock | USD 42.04 0.04 0.1% |
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The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Newmont Goldcorp Corp correlated with the market. If Beta is less than 0 Newmont Goldcorp generally moves in the opposite direction as compared to the market. If Newmont Goldcorp Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Newmont Goldcorp Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Newmont Goldcorp is generally in the same direction as the market. If Beta > 1 Newmont Goldcorp moves generally in the same direction as, but more than the movement of the benchmark.
Newmont Goldcorp Technical Analysis Modules
Most technical analysis of Newmont Goldcorp help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Newmont from various momentum indicators to cycle indicators. When you analyze Newmont charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Newmont Goldcorp Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Newmont Goldcorp Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Newmont Goldcorp Corp based on widely used predictive technical indicators. In general, we focus on analyzing Newmont Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Newmont Goldcorp's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Newmont Goldcorp's intrinsic value. In addition to deriving basic predictive indicators for Newmont Goldcorp, we also check how macroeconomic factors affect Newmont Goldcorp price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0355 | 0.0466 | 0.0407 | 0.0427 | Price To Sales Ratio | 4.05 | 3.15 | 2.95 | 4.02 |
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Newmont Goldcorp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Newmont Goldcorp's short interest history, or implied volatility extrapolated from Newmont Goldcorp options trading.
Trending Themes
If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment. | Warren Buffett Holdings Invested few shares | |
 | Adviser Favorites Invested few shares | |
 | Momentum Invested few shares | |
 | Automobiles and Trucks Invested over 50 shares | |
 | Hedge Favorites Invested over 60 shares | |
 | Macroaxis Index Invested few shares | |
 | Business Services Invested few shares | |
 | Investor Favorites Invested over 200 shares | |
 | Artificial Intelligence Invested few shares | |
 | Banking Invested over 40 shares | |
 | Video Games Invested few shares | |
 | Driverless Cars Invested few shares |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newmont Goldcorp Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.