Newmont Goldcorp Corp Stock Alpha and Beta Analysis
| NGT Stock | CAD 58.78 0.32 0.54% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Newmont Goldcorp Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Newmont Goldcorp over a specified time horizon. Remember, high Newmont Goldcorp's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Newmont Goldcorp's market risk premium analysis include:
Beta 0.46 | Alpha (0.27) | Risk 2.39 | Sharpe Ratio (0.12) | Expected Return (0.29) |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
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Newmont Goldcorp Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Newmont Goldcorp market risk premium is the additional return an investor will receive from holding Newmont Goldcorp long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Newmont Goldcorp. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Newmont Goldcorp's performance over market.| α | -0.27 | β | 0.46 |
Newmont Goldcorp expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Newmont Goldcorp's Buy-and-hold return. Our buy-and-hold chart shows how Newmont Goldcorp performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Newmont Goldcorp Market Price Analysis
Market price analysis indicators help investors to evaluate how Newmont Goldcorp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Newmont Goldcorp shares will generate the highest return on investment. By understating and applying Newmont Goldcorp stock market price indicators, traders can identify Newmont Goldcorp position entry and exit signals to maximize returns.
Newmont Goldcorp Return and Market Media
The median price of Newmont Goldcorp for the period between Thu, Sep 12, 2024 and Wed, Dec 11, 2024 is 68.19 with a coefficient of variation of 10.86. The daily time series for the period is distributed with a sample standard deviation of 7.3, arithmetic mean of 67.2, and mean deviation of 6.58. The Stock received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | This Stock With 25 Upside Offers a Great Way to Buy the Pullback in Gold - MSN | 11/20/2024 |
About Newmont Goldcorp Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Newmont or other stocks. Alpha measures the amount that position in Newmont Goldcorp Corp has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 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 |
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.
Build Portfolio with Newmont Goldcorp
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Check out Newmont Goldcorp Backtesting, Newmont Goldcorp Valuation, Newmont Goldcorp Correlation, Newmont Goldcorp Hype Analysis, Newmont Goldcorp Volatility, Newmont Goldcorp History and analyze Newmont Goldcorp Performance. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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.