Newmont Goldcorp Corp Stock Probability of Future Stock Price Finishing Under 41.49
| NEM Stock | USD 38.20 0.08 0.21% |
Newmont |
Newmont Goldcorp Target Price Odds to finish below 41.49
The tendency of Newmont Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 41.49 after 90 days |
| 38.20 | 90 days | 41.49 | about 18.33 |
Based on a normal probability distribution, the odds of Newmont Goldcorp to stay under $ 41.49 after 90 days from now is about 18.33 (This Newmont Goldcorp Corp probability density function shows the probability of Newmont Stock to fall within a particular range of prices over 90 days) . Probability of Newmont Goldcorp Corp price to stay between its current price of $ 38.20 and $ 41.49 at the end of the 90-day period is about 10.66 .
Considering the 90-day investment horizon Newmont Goldcorp has a beta of 0.43. This indicates as returns on the market go up, Newmont Goldcorp average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Newmont Goldcorp Corp will be expected to be much smaller as well. Additionally Newmont Goldcorp Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Newmont Goldcorp Price Density |
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Predictive Modules for Newmont Goldcorp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Newmont Goldcorp Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.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.
Newmont Goldcorp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Newmont Goldcorp is not an exception. The market had few large corrections towards the Newmont Goldcorp's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Newmont Goldcorp Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Newmont Goldcorp within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.48 | |
β | Beta against Dow Jones | 0.43 | |
σ | Overall volatility | 6.30 | |
Ir | Information ratio | -0.2 |
Newmont Goldcorp Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Newmont Goldcorp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Newmont Goldcorp Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Newmont Goldcorp generated a negative expected return over the last 90 days | |
| The company reported the last year's revenue of 11.81 B. Reported Net Loss for the year was (2.47 B) with profit before taxes, overhead, and interest of 4.53 B. | |
| About 74.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Orla Mining Announces Filing of Special Meeting Materials and 43-101 Technical Report for Musselwhite Acquisition |
Newmont Goldcorp Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Newmont Stock often depends not only on the future outlook of the current and potential Newmont Goldcorp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Newmont Goldcorp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 841 M | |
| Cash And Short Term Investments | 3 B |
Newmont Goldcorp Technical Analysis
Newmont Goldcorp's future price can be derived by breaking down and analyzing its technical indicators over time. Newmont Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Newmont Goldcorp Corp. In general, you should focus on analyzing Newmont Stock price patterns and their correlations with different microeconomic environments and drivers.
Newmont Goldcorp Predictive Forecast Models
Newmont Goldcorp's time-series forecasting models is one of many Newmont Goldcorp's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Newmont Goldcorp's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Newmont Goldcorp Corp
Checking the ongoing alerts about Newmont Goldcorp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Newmont Goldcorp Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Newmont Goldcorp generated a negative expected return over the last 90 days | |
| The company reported the last year's revenue of 11.81 B. Reported Net Loss for the year was (2.47 B) with profit before taxes, overhead, and interest of 4.53 B. | |
| About 74.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Orla Mining Announces Filing of Special Meeting Materials and 43-101 Technical Report for Musselwhite Acquisition |
Check out Newmont Goldcorp Backtesting, Newmont Goldcorp Valuation, Newmont Goldcorp Correlation, Newmont Goldcorp Hype Analysis, Newmont Goldcorp Volatility, Newmont Goldcorp History as well as Newmont Goldcorp Performance. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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.