Newmont (Germany) Price on March 20, 2023
NMM Stock | EUR 36.89 1.34 3.77% |
If you're considering investing in Newmont Stock, it is important to understand the factors that can impact its price. As of today, the current price of Newmont stands at 36.89, as last reported on the 22nd of December, with the highest price reaching 36.89 and the lowest price hitting 35.38 during the day. Newmont has Sharpe Ratio of -0.14, which conveys that the firm had a -0.14% return per unit of risk over the last 3 months. Newmont exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Newmont's Mean Deviation of 1.7, risk adjusted performance of (0.1), and Standard Deviation of 2.69 to check out the risk estimate we provide.
Newmont Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Newmont |
Sharpe Ratio = -0.1396
Best Portfolio | Best Equity | |||
Good Returns | ||||
Average Returns | ||||
Small Returns | ||||
Cash | Small Risk | Average Risk | High Risk | Huge Risk |
Negative Returns | NMM |
Estimated Market Risk
2.69 actual daily | 23 77% of assets are more volatile |
Expected Return
-0.38 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.14 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Newmont is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Newmont by adding Newmont to a well-diversified portfolio.
Newmont Valuation on March 20, 2023
It is possible to determine the worth of Newmont on a given historical date. On March 20, 2023 Newmont was worth 43.06 at the beginning of the trading date compared to the closed value of 41.71. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Newmont stock. Still, in general, we apply an absolute valuation method to find Newmont's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Newmont where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Newmont's related companies.
Open | High | Low | Close | Volume | |
40.58 | 43.06 | 40.58 | 43.06 | 659.00 | |
03/20/2023 | 43.06 | 43.68 | 41.71 | 41.71 | 4,406 |
42.13 | 42.15 | 40.34 | 40.52 | 3,008 |
Backtest Newmont | | | Newmont History | | | Newmont Valuation | Previous | Next |
Newmont Trading Date Momentum on March 20, 2023
On March 21 2023 Newmont was traded for 40.52 at the closing time. The highest daily price throughout the period was 42.15 and the lowest price was 40.34 . The daily volume was 3 K. The net trading volume on 03/21/2023 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 2.85% . The trading delta at closing time to current closing price is 0.96% . |
Newmont Fundamentals Correlations and Trends
By evaluating Newmont's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Newmont's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Newmont financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Newmont Stock history
Newmont investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Newmont is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Newmont will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Newmont stock prices may prove useful in developing a viable investing in Newmont
Newmont Goldcorp Corporation, together with its subsidiaries, operates in the mining industry. The company was founded in 1916 and is headquartered in Greenwood Village, Colorado. Newmont Mining operates under Gold classification in Germany and is traded on Frankfurt Stock Exchange. It employs 12400 people.
Newmont Stock Technical Analysis
Newmont 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.
Price Boundaries
Newmont Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
Newmont cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Newmont December 22, 2024 Market Strength
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 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Newmont's price direction in advance. Along with the technical and fundamental analysis of Newmont Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Newmont to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.1) | |||
Jensen Alpha | (0.38) | |||
Total Risk Alpha | (0.45) | |||
Treynor Ratio | (0.76) |
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Complementary Tools for Newmont Stock analysis
When running Newmont's price analysis, check to measure Newmont's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Newmont is operating at the current time. Most of Newmont's value examination focuses on studying past and present price action to predict the probability of Newmont's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newmont's price. Additionally, you may evaluate how the addition of Newmont to your portfolios can decrease your overall portfolio volatility.
Fundamental Analysis View fundamental data based on most recent published financial statements | |
Share Portfolio Track or share privately all of your investments from the convenience of any device | |
Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |