NOVAGOLD RESOURCES Stock Forecast - Accumulation Distribution
NGR Stock | EUR 2.81 0.11 4.07% |
NOVAGOLD Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast NOVAGOLD RESOURCES stock prices and determine the direction of NOVAGOLD RESOURCES's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of NOVAGOLD RESOURCES's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of NOVAGOLD RESOURCES to cross-verify your projections. For more information on how to buy NOVAGOLD Stock please use our How to Invest in NOVAGOLD RESOURCES guide.NOVAGOLD |
Most investors in NOVAGOLD RESOURCES 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 NOVAGOLD RESOURCES's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets NOVAGOLD RESOURCES's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which NOVAGOLD RESOURCES is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of NOVAGOLD RESOURCES to determine if accumulation or reduction is taking place in the market. This value is adjusted by NOVAGOLD RESOURCES trading volume to give more weight to distributions with higher volume over lower volume.Check NOVAGOLD RESOURCES Volatility | Backtest NOVAGOLD RESOURCES | Information Ratio |
NOVAGOLD RESOURCES Trading Date Momentum
On May 04 2024 NOVAGOLD RESOURCES was traded for 2.81 at the closing time. The maximum traded price for the trading interval was 2.81 and the lowest daily price was 2.81 . There was no trading activity during the period 0.0. Lack of trading volume on 4th of May 2024 did not cause price change. The trading delta at closing time to the closing price today is 0.00% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
Compare NOVAGOLD RESOURCES to competition |
Other Forecasting Options for NOVAGOLD RESOURCES
For every potential investor in NOVAGOLD, whether a beginner or expert, NOVAGOLD RESOURCES's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. NOVAGOLD Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in NOVAGOLD. Basic forecasting techniques help filter out the noise by identifying NOVAGOLD RESOURCES's price trends.NOVAGOLD RESOURCES 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 NOVAGOLD RESOURCES stock to make a market-neutral strategy. Peer analysis of NOVAGOLD RESOURCES could also be used in its relative valuation, which is a method of valuing NOVAGOLD RESOURCES by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
NOVAGOLD RESOURCES 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 NOVAGOLD RESOURCES'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 NOVAGOLD RESOURCES's current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
NOVAGOLD RESOURCES Market Strength Events
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.
Daily Balance Of Power | 9.2 T | |||
Rate Of Daily Change | 1.04 | |||
Day Median Price | 2.81 | |||
Day Typical Price | 2.81 | |||
Price Action Indicator | 0.055 | |||
Period Momentum Indicator | 0.11 |
NOVAGOLD RESOURCES Risk Indicators
The analysis of NOVAGOLD RESOURCES'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 NOVAGOLD RESOURCES's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting novagold 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 | 2.04 | |||
Semi Deviation | 2.55 | |||
Standard Deviation | 3.28 | |||
Variance | 10.79 | |||
Downside Variance | 15.02 | |||
Semi Variance | 6.51 | |||
Expected Short fall | (3.19) |
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 NOVAGOLD RESOURCES to cross-verify your projections. For more information on how to buy NOVAGOLD Stock please use our How to Invest in NOVAGOLD RESOURCES guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for NOVAGOLD Stock analysis
When running NOVAGOLD RESOURCES's price analysis, check to measure NOVAGOLD RESOURCES'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 NOVAGOLD RESOURCES is operating at the current time. Most of NOVAGOLD RESOURCES's value examination focuses on studying past and present price action to predict the probability of NOVAGOLD RESOURCES's 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's price. Additionally, you may evaluate how the addition of NOVAGOLD RESOURCES to your portfolios can decrease your overall portfolio volatility.
Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
CEOs Directory Screen CEOs from public companies around the world | |
Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |