NovaGold Petro (India) Performance

NOVAGOLD -- India Stock  

INR 1.10  0.00  0.00%

The company secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and NovaGold Petro are completely uncorrelated. Although it is extremely important to respect NovaGold Petro Resources price patterns, it is better to be realistic regarding the information on equity historical price patterns. The philosophy towards estimating future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing NovaGold Petro Resources technical indicators you can presently evaluate if the expected return of 0.0% will be sustainable into the future. NovaGold Petro Resources right now secures a risk of 0.0%. Please verify NovaGold Petro Resources Ltd Jensen Alpha, Potential Upside as well as the relationship between Potential Upside and Skewness to decide if NovaGold Petro Resources Ltd will be following its current price movements.
Horizon     30 Days    Login   to change

NovaGold Petro Resources Relative Risk vs. Return Landscape

If you would invest  110.00  in NovaGold Petro Resources Ltd on January 21, 2019 and sell it today you would earn a total of  0.00  from holding NovaGold Petro Resources Ltd or generate 0.0% return on investment over 30 days. NovaGold Petro Resources Ltd is generating negative expected returns and assumes 0.0% volatility on return distribution over the 30 days horizon. Simply put, 0% of equities are less volatile than NovaGold Petro and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
 Daily Expected Return (%) 
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NovaGold Petro Market Risk Analysis

Sharpe Ratio = 0.0
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Based on monthly moving average NovaGold Petro is performing at about 0% of its full potential. 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 Petro by adding it to a well-diversified portfolio.

NovaGold Petro Performance Rating

NovaGold Petro Resources Ltd Risk Adjusted Performance Analysis


Risk-Adjusted Performance

Over the last 30 days NovaGold Petro Resources Ltd has generated negative risk-adjusted returns adding no value to investors with long positions.

NovaGold Petro Alerts

Equity Alerts and Improvement Suggestions

NovaGold Petro is not yet fully synchronised with the market data
NovaGold Petro may become a speculative penny stock
NovaGold Petro has high likelihood to experience some financial distress in the next 2 years
The company has Current Ratio of 0.56 indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.

NovaGold Petro Performance Indicators

NovaGold Petro Resources Basic Price Performance Measures

Fifty Two Week Low1.10
Fifty Two Week High1.10
Please see also Stocks Correlation. Please also try Theme Ratings module to determine theme ratings based on digital equity recommendations. macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.