Novagold Resources Stock Price on October 1, 2019
| NG Stock | USD 3.07 0.06 1.92% |
Below is the normalized historical share price chart for NovaGold Resources extending back to July 11, 2001. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of NovaGold Resources stands at 3.07, as last reported on the 19th of April, with the highest price reaching 3.18 and the lowest price hitting 3.06 during the day.
If you're considering investing in NovaGold Stock, it is important to understand the factors that can impact its price. NovaGold Resources has Sharpe Ratio of -0.0331, which conveys that the firm had a -0.0331% return per unit of risk over the last 3 months. NovaGold Resources exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NovaGold Resources' Standard Deviation of 3.86, risk adjusted performance of (0.01), and Mean Deviation of 2.99 to check out the risk estimate we provide.
At this time, NovaGold Resources' Common Stock Total Equity is most likely to increase significantly in the upcoming years. The NovaGold Resources' current Stock Based Compensation To Revenue is estimated to increase to 18.14, while Total Stockholder Equity is forecasted to increase to (9 M). . At this time, NovaGold Resources' Price Sales Ratio is most likely to increase significantly in the upcoming years. NovaGold Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 4th of December 2003 | 200 Day MA 3.5654 | 50 Day MA 2.7078 | Beta 0.884 |
NovaGold |
Sharpe Ratio = -0.0331
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Estimated Market Risk
| 3.9 actual daily | 34 66% of assets are more volatile |
Expected Return
| -0.13 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NovaGold Resources 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 NovaGold Resources by adding NovaGold Resources to a well-diversified portfolio.
Price Book 25.8 K | Book Value (0.05) | Enterprise Value 1.1 B | Enterprise Value Ebitda (33.24) | Shares Float 221.8 M |
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.
About NovaGold Resources Stock history
NovaGold Resources 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 NovaGold is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NovaGold Resources 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 NovaGold Resources stock prices may prove useful in developing a viable investing in NovaGold Resources
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 384.2 M | 200.8 M | |
| Net Loss | -48 M | -45.6 M |
NovaGold Resources Quarterly Net Working Capital |
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NovaGold Resources Stock Technical Analysis
NovaGold Resources 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
NovaGold Resources Period Price Range
NovaGold Resources April 19, 2024 Market Strength
Market strength indicators help investors to evaluate how NovaGold Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NovaGold Resources shares will generate the highest return on investment. By undertsting and applying NovaGold Resources stock market strength indicators, traders can identify NovaGold Resources entry and exit signals to maximize returns
NovaGold Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NovaGold Resources' price direction in advance. Along with the technical and fundamental analysis of NovaGold Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NovaGold 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 | (0.01) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (1.61) |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NovaGold Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For more detail on how to invest in NovaGold Stock please use our How to Invest in NovaGold Resources guide.Note that the NovaGold Resources information on this page should be used as a complementary analysis to other NovaGold Resources' 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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for NovaGold Stock analysis
When running NovaGold Resources' price analysis, check to measure NovaGold Resources' 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 NovaGold Resources is operating at the current time. Most of NovaGold Resources' value examination focuses on studying past and present price action to predict the probability of NovaGold Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NovaGold Resources' price. Additionally, you may evaluate how the addition of NovaGold Resources to your portfolios can decrease your overall portfolio volatility.
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Is NovaGold Resources' 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 NovaGold Resources. If investors know NovaGold 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 NovaGold Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.14) | Return On Assets (0.10) | Return On Equity (17.91) |
The market value of NovaGold Resources is measured differently than its book value, which is the value of NovaGold that is recorded on the company's balance sheet. Investors also form their own opinion of NovaGold Resources' value that differs from its market value or its book value, called intrinsic value, which is NovaGold Resources' 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 NovaGold Resources' market value can be influenced by many factors that don't directly affect NovaGold Resources' 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 NovaGold Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if NovaGold Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NovaGold Resources' 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.