NOVAGOLD RESOURCES (Germany) Buy Hold or Sell Recommendation

NGR Stock  EUR 2.46  0.12  5.13%   
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding NOVAGOLD RESOURCES is 'Strong Sell'. Macroaxis provides NOVAGOLD RESOURCES buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding NGR positions. The advice algorithm takes into account all of NOVAGOLD RESOURCES's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting NOVAGOLD RESOURCES's buy or sell advice are summarized below:
Real Value
2.19
Hype Value
2.46
Market Value
2.46
Naive Value
2.44
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell NOVAGOLD RESOURCES given historical horizon and risk tolerance towards NOVAGOLD RESOURCES. When Macroaxis issues a 'buy' or 'sell' recommendation for NOVAGOLD RESOURCES, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out NOVAGOLD RESOURCES Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
For information on how to trade NOVAGOLD Stock refer to our How to Trade NOVAGOLD Stock guide.
In addition, we conduct extensive research on individual companies such as NOVAGOLD and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards 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.

Execute NOVAGOLD RESOURCES Buy or Sell Advice

The NOVAGOLD recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on NOVAGOLD RESOURCES. Macroaxis does not own or have any residual interests in NOVAGOLD RESOURCES or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute NOVAGOLD RESOURCES's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell NOVAGOLD RESOURCESBuy NOVAGOLD RESOURCES
Strong Sell

Market Performance

Very WeakDetails

Volatility

Very riskyDetails

Hype Condition

StaleDetails

Current Valuation

OvervaluedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Almost neglects market trendsDetails

Analyst Consensus

Not AvailableDetails

Reporting Quality (M-Score)

InapplicableDetails
For the selected time horizon NOVAGOLD RESOURCES has a Mean Deviation of 2.55, Standard Deviation of 3.39 and Variance of 11.46
We provide investment recommendation to complement the last-minute expert consensus on NOVAGOLD RESOURCES. Our dynamic recommendation engine harnesses a multidimensional algorithm to analyze the entity's potential to grow using all technical and fundamental data available at this particular time. Please exercise NOVAGOLD RESOURCES ebitda, total debt, number of employees, as well as the relationship between the net income and cash flow from operations to make buy, hold, or sell decision on NOVAGOLD RESOURCES.

NOVAGOLD RESOURCES Trading Alerts and Improvement Suggestions

NOVAGOLD RESOURCES generated a negative expected return over the last 90 days
NOVAGOLD RESOURCES has high historical volatility and very poor performance
Net Loss for the year was (53.34 M) with profit before overhead, payroll, taxes, and interest of 0.
NOVAGOLD RESOURCES generates negative cash flow from operations

NOVAGOLD RESOURCES Returns Distribution Density

The distribution of NOVAGOLD RESOURCES's historical returns is an attempt to chart the uncertainty of NOVAGOLD RESOURCES's future price movements. The chart of the probability distribution of NOVAGOLD RESOURCES daily returns describes the distribution of returns around its average expected value. We use NOVAGOLD RESOURCES price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of NOVAGOLD RESOURCES returns is essential to provide solid investment advice for NOVAGOLD RESOURCES.
Mean Return
-0.41
Value At Risk
-5.56
Potential Upside
6.42
Standard Deviation
3.39
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of NOVAGOLD RESOURCES historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

NOVAGOLD RESOURCES Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to NOVAGOLD RESOURCES or Other sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that NOVAGOLD RESOURCES's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a NOVAGOLD stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
-0.37
β
Beta against NYSE Composite-0.36
σ
Overall volatility
3.47
Ir
Information ratio -0.16

NOVAGOLD RESOURCES Volatility Alert

NOVAGOLD RESOURCES exhibits very low volatility with skewness of 0.07 and kurtosis of 0.09. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure NOVAGOLD RESOURCES's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact NOVAGOLD RESOURCES's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

NOVAGOLD RESOURCES Fundamentals Vs Peers

Comparing NOVAGOLD RESOURCES's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze NOVAGOLD RESOURCES's direct or indirect competition across all of the common fundamentals between NOVAGOLD RESOURCES and the related equities. This way, we can detect undervalued stocks with similar characteristics as NOVAGOLD RESOURCES or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of NOVAGOLD RESOURCES's fundamental indicators could also be used in its relative valuation, which is a method of valuing NOVAGOLD RESOURCES by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare NOVAGOLD RESOURCES to competition
FundamentalsNOVAGOLD RESOURCESPeer Average
Current Valuation1.88 B16.62 B
Price To Book49.08 X9.51 X
EBITDA(45.41 M)3.9 B
Net Income(53.34 M)570.98 M
Total Debt123.69 M5.32 B
Cash Flow From Operations(12.37 M)971.22 M
Number Of Employees1718.84 K
Market Capitalization2.03 B19.03 B
Total Asset159.19 M29.47 B
Z Score9.68.72
Net Asset159.19 M

NOVAGOLD RESOURCES Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as NOVAGOLD . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About NOVAGOLD RESOURCES Buy or Sell Advice

When is the right time to buy or sell NOVAGOLD RESOURCES? Buying financial instruments such as NOVAGOLD Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having NOVAGOLD RESOURCES in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Dividend Beast Thematic Idea Now

Dividend Beast
Dividend Beast Theme
An experimental equal-weighted theme of equities with high dividend yield and solid fundamentals based on Macroaxis rating system. The Dividend Beast theme has 69 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Dividend Beast Theme or any other thematic opportunities.
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When determining whether NOVAGOLD RESOURCES is a strong investment it is important to analyze NOVAGOLD RESOURCES's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NOVAGOLD RESOURCES's future performance. For an informed investment choice regarding NOVAGOLD Stock, refer to the following important reports:
Check out NOVAGOLD RESOURCES Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
For information on how to trade NOVAGOLD Stock refer to our How to Trade NOVAGOLD Stock guide.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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.
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Please note, there is a significant difference between NOVAGOLD RESOURCES's 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'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.