Novagold Resources Stock Alpha and Beta Analysis
| NG Stock | USD 3.66 0.08 2.23% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as NovaGold Resources. It also helps investors analyze the systematic and unsystematic risks associated with investing in NovaGold Resources over a specified time horizon. Remember, high NovaGold Resources' 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 NovaGold Resources' market risk premium analysis include:
Beta 0.75 | Alpha (0.24) | Risk 3.3 | Sharpe Ratio (0.02) | Expected Return (0.07) |
NovaGold Resources Quarterly Cash And Equivalents |
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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.
NovaGold |
NovaGold Resources Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. NovaGold Resources market risk premium is the additional return an investor will receive from holding NovaGold Resources 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 NovaGold Resources. 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 NovaGold Resources' performance over market.| α | -0.24 | β | 0.75 |
NovaGold Resources 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 NovaGold Resources' Buy-and-hold return. Our buy-and-hold chart shows how NovaGold Resources performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.NovaGold Resources Market Price Analysis
Market price analysis indicators help investors to evaluate how NovaGold Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NovaGold Resources shares will generate the highest return on investment. By understating and applying NovaGold Resources stock market price indicators, traders can identify NovaGold Resources position entry and exit signals to maximize returns.
NovaGold Resources Return and Market Media
The median price of NovaGold Resources for the period between Tue, Sep 3, 2024 and Mon, Dec 2, 2024 is 3.66 with a coefficient of variation of 8.96. The daily time series for the period is distributed with a sample standard deviation of 0.34, arithmetic mean of 3.78, and mean deviation of 0.29. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | First Eagle Investment Management LLC Raises Stake in NovaGold Resources Inc. - MarketBeat | 09/19/2024 |
2 | Acquisition by Adamek Peter of 1678 shares of NovaGold Resources at 4. subject to Rule 16b-3 | 09/30/2024 |
3 | Acquisition by Williams Richard Alan of 2800 shares of NovaGold Resources at 2.83 subject to Rule 16b-3 | 10/01/2024 |
4 | Canada stocks lower at close of trade SPTSX Composite down 0.14 | 10/03/2024 |
5 | Earnings call NOVAGOLD reports Q3 results, advances Donlin Gold Project | 10/07/2024 |
6 | Acquisition by Gregory Lang of 759 shares of NovaGold Resources at 3.45 subject to Rule 16b-3 | 10/28/2024 |
7 | Exor N.V. Acquires Significant Stake in Novagold Resources Inc | 11/13/2024 |
About NovaGold Resources 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 NovaGold or other stocks. Alpha measures the amount that position in NovaGold Resources 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.
| 2023 | 2024 (projected) | Graham Number | 0.32 | 0.3 | Receivables Turnover | 0.033 | 0.0314 |
NovaGold Resources Upcoming Company Events
As portrayed in its financial statements, the presentation of NovaGold Resources' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, NovaGold Resources' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of NovaGold Resources' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of NovaGold Resources. Please utilize our Beneish M Score to check the likelihood of NovaGold Resources' management manipulating its earnings.
| 2nd of April 2024 Upcoming Quarterly Report | View | |
| 29th of February 2024 Next Fiscal Quarter End | View |
Build Portfolio with NovaGold Resources
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Check out NovaGold Resources Backtesting, NovaGold Resources Valuation, NovaGold Resources Correlation, NovaGold Resources Hype Analysis, NovaGold Resources Volatility, NovaGold Resources History and analyze NovaGold Resources Performance. For more detail on how to invest in NovaGold Stock please use our How to Invest in NovaGold Resources guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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.