Newmont Corp's market value is the price at which a share of Newmont Corp trades on a public exchange. It measures the collective expectations of Newmont Corp investors about its performance. Newmont Corp is selling for under 39.10 as of the 10th of January 2025; that is 1.27% up since the beginning of the trading day. The stock's lowest day price was 37.45. With this module, you can estimate the performance of a buy and hold strategy of Newmont Corp and determine expected loss or profit from investing in Newmont Corp over a given investment horizon. Check out Newmont Corp Correlation, Newmont Corp Volatility and Newmont Corp Alpha and Beta module to complement your research on Newmont Corp.
Please note, there is a significant difference between Newmont Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Newmont Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Newmont Corp'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.
Newmont Corp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Newmont Corp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Newmont Corp.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Newmont Corp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Newmont Corp upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Newmont Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Newmont Corp's standard deviation. In reality, there are many statistical measures that can use Newmont Corp historical prices to predict the future Newmont Corp's volatility.
Newmont Corp has Sharpe Ratio of -0.19, which conveys that the firm had a -0.19% return per unit of risk over the last 3 months. Newmont Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Newmont Corp's Risk Adjusted Performance of (0.14), mean deviation of 1.64, and Standard Deviation of 2.62 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0011, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Newmont Corp are expected to decrease at a much lower rate. During the bear market, Newmont Corp is likely to outperform the market. At this point, Newmont Corp has a negative expected return of -0.49%. Please make sure to verify Newmont Corp's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Newmont Corp performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.68
Very good reverse predictability
Newmont Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Newmont Corp time series from 21st of January 2023 to 16th of January 2024 and 16th of January 2024 to 10th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Newmont Corp price movement. The serial correlation of -0.68 indicates that around 68.0% of current Newmont Corp price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.68
Spearman Rank Test
-0.49
Residual Average
0.0
Price Variance
49.3
Newmont Corp lagged returns against current returns
Autocorrelation, which is Newmont Corp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Newmont Corp's stock expected returns. We can calculate the autocorrelation of Newmont Corp returns to help us make a trade decision. For example, suppose you find that Newmont Corp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
Newmont Corp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Newmont Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Newmont Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Newmont Corp stock over time.
Current vs Lagged Prices
Timeline
Newmont Corp Lagged Returns
When evaluating Newmont Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Newmont Corp stock have on its future price. Newmont Corp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Newmont Corp autocorrelation shows the relationship between Newmont Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Newmont Corp.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When running Newmont Corp's price analysis, check to measure Newmont Corp'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 Corp is operating at the current time. Most of Newmont Corp's value examination focuses on studying past and present price action to predict the probability of Newmont Corp'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 Corp's price. Additionally, you may evaluate how the addition of Newmont Corp to your portfolios can decrease your overall portfolio volatility.