Newmont Stock Forecast - Daily Balance Of Power
| NMM Stock | EUR 36.07 0.18 0.50% |
Newmont Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Newmont's historical fundamentals, such as revenue growth or operating cash flow patterns.
Newmont |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.0231 | 0.0112 |
| Check Newmont Volatility | Backtest Newmont | Trend Details |
Newmont Trading Date Momentum
| On February 27 2023 Newmont was traded for 38.49 at the closing time. The highest daily price throughout the period was 38.55 and the lowest price was 38.16 . The daily volume was 688. The net trading volume on 02/27/2023 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 1.66% . The trading delta at closing time to current closing price is 5.06% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Newmont Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Newmont stock to make a market-neutral strategy. Peer analysis of Newmont could also be used in its relative valuation, which is a method of valuing Newmont by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Newmont Market Strength Events
Market strength indicators help investors to evaluate how Newmont 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 shares will generate the highest return on investment. By undertsting and applying Newmont stock market strength indicators, traders can identify Newmont entry and exit signals to maximize returns.
Newmont Risk Indicators
The analysis of Newmont's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Newmont's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting newmont stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.7 | |||
| Standard Deviation | 2.68 | |||
| Variance | 7.16 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Currently Active Assets on Macroaxis
Other Information on Investing in Newmont Stock
Newmont financial ratios help investors to determine whether Newmont Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Newmont with respect to the benefits of owning Newmont security.