Newmont Corporation Is a Trending Stock Facts to Know Before Betting on It - Yahoo Finance
| NMM Stock | 39.77 0.72 1.78% |
Slightly above 61% of Newmont's investor base is looking to short. The analysis of current outlook of investing in Newmont suggests that many traders are alarmed regarding Newmont's prospects. Newmont's investing sentiment can be driven by a variety of factors including economic data, Newmont's earnings reports, geopolitical events, and overall market trends.
Newmont |
Newmont Corporation Is a Trending Stock Facts to Know Before Betting on It Yahoo Finance
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Newmont Fundamental Analysis
We analyze Newmont's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Newmont using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Newmont based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Z Score
Z Score Comparative Analysis
Newmont is currently under evaluation in z score category among its peers. Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Newmont Potential Pair-trading
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.
Peers
Newmont Related Equities
| GNV | Angang Steel | 9.09 | ||||
| MTE | Micron Technology | 1.47 | ||||
| VVD | Veolia Environnement | 0.86 | ||||
| VHY | Vishay Intertechnology | 0.55 | ||||
| MCP | Microchip Technology | 2.09 |
Additional 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.