Newmont Goldcorp Stock Forecast - Daily Balance Of Power
| NEM Stock | USD 38.55 0.01 0.03% |
Newmont Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Newmont Goldcorp stock prices and determine the direction of Newmont Goldcorp Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Newmont Goldcorp's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Newmont Goldcorp's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Newmont Goldcorp's systematic risk associated with finding meaningful patterns of Newmont Goldcorp fundamentals over time.
Check out Historical Fundamental Analysis of Newmont Goldcorp to cross-verify your projections. Newmont |
Open Interest Against 2024-04-19 Newmont Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Newmont Goldcorp's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Newmont Goldcorp's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Newmont Goldcorp stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Newmont Goldcorp's open interest, investors have to compare it to Newmont Goldcorp's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Newmont Goldcorp is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Newmont. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Newmont Goldcorp cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Newmont Goldcorp's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Newmont Goldcorp's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Newmont Goldcorp Corp market sensitivity to bulls and bears. It estimates the ability of Newmont Goldcorp buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Newmont Goldcorp Balance of Power indicator one can determine a trend of the price direction.| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.2871 | (0.01) |
| Check Newmont Goldcorp Volatility | Backtest Newmont Goldcorp | Information Ratio |
Newmont Goldcorp Trading Date Momentum
| On April 18 2024 Newmont Goldcorp Corp was traded for 38.55 at the closing time. Highest Newmont Goldcorp's price during the trading hours was 39.21 and the lowest price during the day was 38.25 . The net volume was 6.4 M. The overall trading history on the 18th of April 2024 did not cause price change. The trading delta at closing time to current price is 1.53% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare Newmont Goldcorp to competition |
Other Forecasting Options for Newmont Goldcorp
For every potential investor in Newmont, whether a beginner or expert, Newmont Goldcorp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Newmont Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Newmont. Basic forecasting techniques help filter out the noise by identifying Newmont Goldcorp's price trends.Newmont Goldcorp Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Newmont Goldcorp stock to make a market-neutral strategy. Peer analysis of Newmont Goldcorp could also be used in its relative valuation, which is a method of valuing Newmont Goldcorp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Newmont Goldcorp Corp Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Newmont Goldcorp's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Newmont Goldcorp's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Newmont Goldcorp Market Strength Events
Market strength indicators help investors to evaluate how Newmont Goldcorp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Newmont Goldcorp shares will generate the highest return on investment. By undertsting and applying Newmont Goldcorp stock market strength indicators, traders can identify Newmont Goldcorp Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 157151.0 | |||
| Daily Balance Of Power | (0.01) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 38.73 | |||
| Day Typical Price | 38.67 | |||
| Price Action Indicator | (0.19) | |||
| Period Momentum Indicator | (0.01) | |||
| Relative Strength Index | 33.56 |
Newmont Goldcorp Risk Indicators
The analysis of Newmont Goldcorp's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Newmont Goldcorp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting newmont stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.7 | |||
| Semi Deviation | 2.43 | |||
| Standard Deviation | 2.35 | |||
| Variance | 5.54 | |||
| Downside Variance | 7.08 | |||
| Semi Variance | 5.9 | |||
| Expected Short fall | (1.63) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Newmont Goldcorp to cross-verify your projections. 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Newmont Stock analysis
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.
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing |
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.