NEWMONT MNG P Market Value
| 651639AP1 | 94.00 0.07 0.07% |
| Symbol | NEWMONT |
NEWMONT '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's bond 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.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in NEWMONT on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding NEWMONT MNG P or generate 0.0% return on investment in NEWMONT over 30 days. NEWMONT is related to or competes with 00108WAF7, 90331HPL1, Brightsphere Investment, Neurocrine Biosciences, Alphabet, Saipem SpA, and Bristol Myers. More
NEWMONT Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure NEWMONT's bond 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 MNG P upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 9.43 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 1.61 |
NEWMONT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEWMONT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEWMONT's standard deviation. In reality, there are many statistical measures that can use NEWMONT historical prices to predict the future NEWMONT's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.15) |
NEWMONT MNG P Backtested Returns
NEWMONT MNG P has Sharpe Ratio of -0.15, which conveys that the entity had a -0.15% return per unit of standard deviation over the last 3 months. NEWMONT exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NEWMONT's Risk Adjusted Performance of (0.04), mean deviation of 0.7009, and Market Risk Adjusted Performance of (0.14) to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of 0.55, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NEWMONT's returns are expected to increase less than the market. However, during the bear market, the loss of holding NEWMONT is expected to be smaller as well.
Auto-correlation | -0.59 |
Good reverse predictability
NEWMONT MNG P has good reverse predictability. Overlapping area represents the amount of predictability between NEWMONT time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st of December 2024. 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 MNG P price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current NEWMONT price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
NEWMONT MNG P lagged returns against current returns
Autocorrelation, which is NEWMONT bond'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's bond expected returns. We can calculate the autocorrelation of NEWMONT returns to help us make a trade decision. For example, suppose you find that NEWMONT has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEWMONT bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NEWMONT bond over time.
Current vs Lagged Prices |
| Timeline |
NEWMONT Lagged Returns
When evaluating NEWMONT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEWMONT bond have on its future price. NEWMONT 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 autocorrelation shows the relationship between NEWMONT bond current value and its past values and can show if there is a momentum factor associated with investing in NEWMONT MNG P.
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.Other Information on Investing in NEWMONT Bond
NEWMONT financial ratios help investors to determine whether NEWMONT Bond 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.