Novagold Resources Stock Technical Analysis
| NG Stock | CAD 14.52 0.53 3.79% |
As of the 19th of February, NovaGold Resources secures the Mean Deviation of 3.52, risk adjusted performance of 0.0713, and Downside Deviation of 5.31. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of NovaGold Resources, as well as the relationship between them.
NovaGold Resources Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as NovaGold, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NovaGoldNovaGold |
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.
| 11/21/2025 |
| 02/19/2026 |
If you would invest 0.00 in NovaGold Resources on November 21, 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 K92 Mining, Orla Mining, Westgold Resources, Torex Gold, Dundee Precious, NGEx Minerals, and Seabridge Gold. NovaGold Resources Inc. primarily 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 | 5.31 | |||
| Information Ratio | 0.0703 | |||
| Maximum Drawdown | 31.36 | |||
| Value At Risk | (7.47) | |||
| Potential Upside | 7.96 |
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 | 0.0713 | |||
| Jensen Alpha | 0.331 | |||
| Total Risk Alpha | 0.1601 | |||
| Sortino Ratio | 0.0681 | |||
| Treynor Ratio | 0.217 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NovaGold Resources' 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.
NovaGold Resources February 19, 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 | 0.0713 | |||
| Market Risk Adjusted Performance | 0.227 | |||
| Mean Deviation | 3.52 | |||
| Semi Deviation | 5.1 | |||
| Downside Deviation | 5.31 | |||
| Coefficient Of Variation | 1259.53 | |||
| Standard Deviation | 5.14 | |||
| Variance | 26.45 | |||
| Information Ratio | 0.0703 | |||
| Jensen Alpha | 0.331 | |||
| Total Risk Alpha | 0.1601 | |||
| Sortino Ratio | 0.0681 | |||
| Treynor Ratio | 0.217 | |||
| Maximum Drawdown | 31.36 | |||
| Value At Risk | (7.47) | |||
| Potential Upside | 7.96 | |||
| Downside Variance | 28.18 | |||
| Semi Variance | 26.05 | |||
| Expected Short fall | (4.03) | |||
| Skewness | (0.79) | |||
| Kurtosis | 3.71 |
NovaGold Resources Backtested Returns
NovaGold Resources appears to be somewhat reliable, given 3 months investment horizon. NovaGold Resources has Sharpe Ratio of 0.0981, which conveys that the firm had a 0.0981 % return per unit of risk over the last 3 months. By analyzing NovaGold Resources' technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please exercise NovaGold Resources' Mean Deviation of 3.52, downside deviation of 5.31, and Risk Adjusted Performance of 0.0713 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 7. The company secures a Beta (Market Risk) of 1.84, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, NovaGold Resources will likely underperform. Please check NovaGold Resources' downside variance, as well as the relationship between the accumulation distribution and price action indicator , to make a quick decision on whether NovaGold Resources' current price movements will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
NovaGold Resources has very weak reverse predictability. Overlapping area represents the amount of predictability between NovaGold Resources time series from 21st of November 2025 to 5th of January 2026 and 5th of January 2026 to 19th 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 -0.06 indicates that barely 6.0% of current NovaGold Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 1.21 |
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.
NovaGold Resources Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of NovaGold Resources volatility. High ATR values indicate high volatility, and low values indicate low volatility.
About NovaGold Resources Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of NovaGold Resources on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of NovaGold Resources based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on NovaGold Resources price pattern first instead of the macroeconomic environment surrounding NovaGold Resources. By analyzing NovaGold Resources's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of NovaGold Resources's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to NovaGold Resources specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2025 | 2026 (projected) | Payables Turnover | 0.0147 | 0.014 | Days Of Inventory On Hand | 9.48 | 9.01 |
NovaGold Resources February 19, 2026 Technical Indicators
Most technical analysis of NovaGold 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 NovaGold from various momentum indicators to cycle indicators. When you analyze NovaGold charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0713 | |||
| Market Risk Adjusted Performance | 0.227 | |||
| Mean Deviation | 3.52 | |||
| Semi Deviation | 5.1 | |||
| Downside Deviation | 5.31 | |||
| Coefficient Of Variation | 1259.53 | |||
| Standard Deviation | 5.14 | |||
| Variance | 26.45 | |||
| Information Ratio | 0.0703 | |||
| Jensen Alpha | 0.331 | |||
| Total Risk Alpha | 0.1601 | |||
| Sortino Ratio | 0.0681 | |||
| Treynor Ratio | 0.217 | |||
| Maximum Drawdown | 31.36 | |||
| Value At Risk | (7.47) | |||
| Potential Upside | 7.96 | |||
| Downside Variance | 28.18 | |||
| Semi Variance | 26.05 | |||
| Expected Short fall | (4.03) | |||
| Skewness | (0.79) | |||
| Kurtosis | 3.71 |
NovaGold Resources February 19, 2026 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as NovaGold stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 20,509 | ||
| Daily Balance Of Power | 1.06 | ||
| Rate Of Daily Change | 1.04 | ||
| Day Median Price | 14.34 | ||
| Day Typical Price | 14.40 | ||
| Price Action Indicator | 0.44 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NovaGold Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. To learn how to invest in NovaGold Stock, please use our How to Invest in NovaGold Resources guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.