Newmont Goldcorp Corp Stock Market Value
NEM Stock | USD 35.84 0.59 1.67% |
Symbol | Newmont |
Newmont Goldcorp Corp Price To Book Ratio
Is Newmont Goldcorp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Newmont Goldcorp. If investors know Newmont will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Newmont Goldcorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.26) | Dividend Share 1.45 | Earnings Share (3.00) | Revenue Per Share 14.045 | Quarterly Revenue Growth 0.237 |
The market value of Newmont Goldcorp Corp is measured differently than its book value, which is the value of Newmont that is recorded on the company's balance sheet. Investors also form their own opinion of Newmont Goldcorp's value that differs from its market value or its book value, called intrinsic value, which is Newmont Goldcorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Newmont Goldcorp's market value can be influenced by many factors that don't directly affect Newmont Goldcorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Newmont Goldcorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Newmont Goldcorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Newmont Goldcorp'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 Goldcorp '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 Goldcorp'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 Goldcorp.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Newmont Goldcorp on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Newmont Goldcorp Corp or generate 0.0% return on investment in Newmont Goldcorp over 30 days. Newmont Goldcorp is related to or competes with Chemours, Quanex Building, FutureFuel Corp, CF Industries, NioCorp Developments, and Dupont De. Newmont Corporation engages in the production and exploration of gold More
Newmont Goldcorp 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 Goldcorp'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 Goldcorp Corp upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.15) | |||
Maximum Drawdown | 10.78 | |||
Value At Risk | (4.06) | |||
Potential Upside | 3.68 |
Newmont Goldcorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Newmont Goldcorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Newmont Goldcorp's standard deviation. In reality, there are many statistical measures that can use Newmont Goldcorp historical prices to predict the future Newmont Goldcorp's volatility.Risk Adjusted Performance | (0.04) | |||
Jensen Alpha | (0.43) | |||
Total Risk Alpha | (0.73) | |||
Treynor Ratio | (0.13) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Newmont Goldcorp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Newmont Goldcorp Corp Backtested Returns
Newmont Goldcorp Corp has Sharpe Ratio of -0.0805, which conveys that the firm had a -0.0805% return per unit of risk over the last 3 months. Newmont Goldcorp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Newmont Goldcorp's Standard Deviation of 2.31, mean deviation of 1.69, and Risk Adjusted Performance of (0.04) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.7, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Newmont Goldcorp will likely underperform. Newmont Goldcorp Corp has an expected return of -0.19%. Please make sure to verify Newmont Goldcorp Corp maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Newmont Goldcorp Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Newmont Goldcorp Corp has very weak predictability. Overlapping area represents the amount of predictability between Newmont Goldcorp time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Goldcorp Corp price movement. The serial correlation of 0.16 indicates that over 16.0% of current Newmont Goldcorp price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.16 | |
Spearman Rank Test | 0.2 | |
Residual Average | 0.0 | |
Price Variance | 0.38 |
Newmont Goldcorp Corp lagged returns against current returns
Autocorrelation, which is Newmont Goldcorp 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 Goldcorp's stock expected returns. We can calculate the autocorrelation of Newmont Goldcorp returns to help us make a trade decision. For example, suppose you find that Newmont Goldcorp 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 Goldcorp 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 Goldcorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Newmont Goldcorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Newmont Goldcorp stock over time.
Current vs Lagged Prices |
Timeline |
Newmont Goldcorp Lagged Returns
When evaluating Newmont Goldcorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Newmont Goldcorp stock have on its future price. Newmont Goldcorp 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 Goldcorp autocorrelation shows the relationship between Newmont Goldcorp stock current value and its past values and can show if there is a momentum factor associated with investing in Newmont Goldcorp Corp.
Regressed Prices |
Timeline |
Newmont Goldcorp Investors Sentiment
The influence of Newmont Goldcorp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Newmont. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Newmont Goldcorp's public news can be used to forecast risks associated with an investment in Newmont. The trend in average sentiment can be used to explain how an investor holding Newmont can time the market purely based on public headlines and social activities around Newmont Goldcorp Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Newmont Goldcorp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Newmont Goldcorp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Newmont Goldcorp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Newmont Goldcorp.
Newmont Goldcorp Implied Volatility | 55.18 |
Newmont Goldcorp's implied volatility exposes the market's sentiment of Newmont Goldcorp Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Newmont Goldcorp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Newmont Goldcorp stock will not fluctuate a lot when Newmont Goldcorp's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Newmont Goldcorp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Newmont Goldcorp's short interest history, or implied volatility extrapolated from Newmont Goldcorp options trading.
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Try AI Portfolio ArchitectCheck out Newmont Goldcorp Correlation, Newmont Goldcorp Volatility and Newmont Goldcorp Alpha and Beta module to complement your research on Newmont Goldcorp. Note that the Newmont Goldcorp Corp information on this page should be used as a complementary analysis to other Newmont Goldcorp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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When running Newmont Goldcorp's price analysis, check to measure Newmont Goldcorp'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 Goldcorp is operating at the current time. Most of Newmont Goldcorp's value examination focuses on studying past and present price action to predict the probability of Newmont Goldcorp'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 Goldcorp's price. Additionally, you may evaluate how the addition of Newmont Goldcorp to your portfolios can decrease your overall portfolio volatility.
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Newmont Goldcorp 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.