NovaGold Resources (Germany) Technical Analysis
NGR Stock | EUR 2.58 0.11 4.09% |
As of the 25th of April, NovaGold Resources secures the Mean Deviation of 3.46, standard deviation of 4.46, and Risk Adjusted Performance of (0.02). In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of NovaGold Resources, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for NovaGold Resources, which can be compared to its peers in the industry. Please verify NovaGold Resources coefficient of variation, treynor ratio, skewness, as well as the relationship between the variance and value at risk to decide if NovaGold Resources is priced some-what accurately, providing market reflects its recent price of 2.58 per share.
NovaGold Resources Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as NovaGold, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NovaGoldNovaGold |
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.
NovaGold Resources Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of NovaGold Resources volatility. High ATR values indicate high volatility, and low values indicate low volatility.
NovaGold Resources Trend Analysis
Use this graph to draw trend lines for NovaGold Resources. You can use it to identify possible trend reversals for NovaGold Resources as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual NovaGold Resources price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.NovaGold Resources Best Fit Change Line
The following chart estimates an ordinary least squares regression model for NovaGold Resources applied against its price change over selected period. The best fit line has a slop of 0.01 , which means NovaGold Resources will continue generating value for investors. It has 122 observation points and a regression sum of squares at 6.49, which is the sum of squared deviations for the predicted NovaGold Resources price change compared to its average price change.About NovaGold Resources Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of NovaGold Resources on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of NovaGold Resources based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on NovaGold Resources price pattern first instead of the macroeconomic environment surrounding NovaGold Resources. By analyzing NovaGold Resources's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of NovaGold Resources's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to NovaGold Resources specific price patterns or momentum indicators. Please read more on our technical analysis page.
NovaGold Resources April 25, 2024 Technical Indicators
Most technical analysis of NovaGold help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for NovaGold from various momentum indicators to cycle indicators. When you analyze NovaGold charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | (0.02) | |||
Market Risk Adjusted Performance | 0.1664 | |||
Mean Deviation | 3.46 | |||
Coefficient Of Variation | (1,958) | |||
Standard Deviation | 4.46 | |||
Variance | 19.89 | |||
Information Ratio | (0.07) | |||
Jensen Alpha | (0.12) | |||
Total Risk Alpha | (0.79) | |||
Treynor Ratio | 0.1564 | |||
Maximum Drawdown | 18.59 | |||
Value At Risk | (7.52) | |||
Potential Upside | 6.84 | |||
Skewness | 0.1446 | |||
Kurtosis | (0.19) |
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 board of governors. For more detail on how to invest in NovaGold Stock please use our How to Invest in NovaGold Resources guide.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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