Novagold Resources Stock Performance
| NG Stock | USD 3.10 0.03 0.98% |
The company secures a Beta (Market Risk) of 0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NovaGold Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding NovaGold Resources is expected to be smaller as well. NovaGold Resources right now secures a risk of 3.78%. Please verify NovaGold Resources value at risk, accumulation distribution, as well as the relationship between the Accumulation Distribution and day typical price , to decide if NovaGold Resources will be following its current price movements.
Risk-Adjusted Performance
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Over the last 90 days NovaGold Resources has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable technical and fundamental indicators, NovaGold Resources is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
Actual Historical Performance (%)
One Day Return (8.87) | Five Day Return (10.03) | Year To Date Return (25.66) | Ten Year Return (19.97) | All Time Return (44.28) |
1 | Earnings call NovaGold reports decreased net loss and progress at Donlin Gold | 01/26/2024 |
2 | Should You Sell NovaGold Resources Inc in Gold Industry - InvestorsObserver | 02/05/2024 |
3 | John Paulsons Bold Bet A Strategic Stake in Novagold Resources Inc - BNN Breaking | 02/16/2024 |
4 | Sale by Anthony Walsh of 11896 shares of NovaGold Resources | 02/26/2024 |
5 | Fmr LLC Has 93.11 Million Position in NovaGold Resources Inc. - MarketBeat | 02/28/2024 |
6 | Acquisition by David Ottewell of 138100 shares of NovaGold Resources subject to Rule 16b-3 | 03/08/2024 |
7 | NovaGold Resources Inc. Shares Purchased by Hsbc Holdings PLC - Defense World | 03/11/2024 |
8 | NovaGold Resources Inc Stock Is Higher By 2.67 percent This Week Buy, Hold, or Sell - InvestorsObserver | 03/26/2024 |
9 | Acquisition by David Ottewell of 1567 shares of NovaGold Resources at 5.55 subject to Rule 16b-3 | 03/29/2024 |
10 | NovaGold Resources Shares Gap Up to 3.00 - MarketBeat | 04/01/2024 |
11 | Novagold Resources Inc Q1 2024 Earnings Call Transcript Highlights Navigating Through ... | 04/05/2024 |
12 | Mining Executives Weigh In On Gold Price, Financing, Projects Were Definitely Glad | 04/08/2024 |
13 | Acquisition by Gregory Lang of 13102 shares of NovaGold Resources subject to Rule 16b-3 | 04/12/2024 |
14 | Metallic Minerals Announces Drill Results and New Drill Targets at the La Plata Project, Colorado, USA | 04/16/2024 |
| Begin Period Cash Flow | 63.9 M |
NovaGold |
NovaGold Resources Relative Risk vs. Return Landscape
If you would invest 317.00 in NovaGold Resources on January 24, 2024 and sell it today you would lose (7.00) from holding NovaGold Resources or give up 2.21% of portfolio value over 90 days. NovaGold Resources is generating 0.035% of daily returns and assumes 3.78% volatility on return distribution over the 90 days horizon. Put differently, 33% of stocks are less risky than NovaGold on the basis of their historical return distribution, and some 99% of all equities are expected to be superior in generating returns on investments over the next 90 days. Expected Return |
| Risk |
NovaGold Resources Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NovaGold Resources' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as NovaGold Resources, and traders can use it to determine the average amount a NovaGold Resources' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0093
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| Negative Returns | NG |
Estimated Market Risk
| 3.78 actual daily | 33 67% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NovaGold Resources is not performing at its full potential. However, 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 Resources by adding NovaGold Resources to a well-diversified portfolio.
NovaGold Resources Fundamentals Growth
NovaGold Stock prices reflect investors' perceptions of the future prospects and financial health of NovaGold Resources, and NovaGold Resources fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on NovaGold Stock performance.
| Return On Equity | -17.91 | ||||
| Return On Asset | -0.1 | ||||
| Current Valuation | 1.06 B | ||||
| Shares Outstanding | 334.37 M | ||||
| Price To Earning | (37.59) X | ||||
| Price To Book | 25,838 X | ||||
| EBITDA | (40.31 M) | ||||
| Net Income | (46.8 M) | ||||
| Cash And Equivalents | 63.88 M | ||||
| Cash Per Share | 0.40 X | ||||
| Total Debt | 137.55 M | ||||
| Debt To Equity | 2.99 % | ||||
| Current Ratio | 45.44 X | ||||
| Book Value Per Share | (0.05) X | ||||
| Cash Flow From Operations | (7.79 M) | ||||
| Earnings Per Share | (0.14) X | ||||
| Market Capitalization | 1.04 B | ||||
| Total Asset | 133.29 M | ||||
| Retained Earnings | (2.06 B) | ||||
| Working Capital | 123.31 M | ||||
| Current Asset | 107.34 M | ||||
| Current Liabilities | 3.05 M | ||||
About NovaGold Resources Performance
To evaluate NovaGold Resources Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when NovaGold Resources generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare NovaGold Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand NovaGold Resources market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents NovaGold's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 27.42 | 26.04 | |
| Return On Tangible Assets | (0.40) | (0.38) | |
| Return On Capital Employed | (0.15) | (0.16) | |
| Return On Assets | (0.40) | (0.38) | |
| Return On Equity | 6.52 | 6.84 |
Things to note about NovaGold Resources performance evaluation
Checking the ongoing alerts about NovaGold Resources for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for NovaGold Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| NovaGold Resources had very high historical volatility over the last 90 days | |
| NovaGold Resources has a very high chance of going through financial distress in the upcoming years | |
| Annual Net Loss to common stockholders was (46.8 M) with gross profit of 0. | |
| NovaGold Resources reports about 63.88 M in cash with (7.79 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.4. | |
| Roughly 59.0% of the company shares are owned by institutional investors | |
| Latest headline from accesswire.com: Metallic Minerals Announces Drill Results and New Drill Targets at the La Plata Project, Colorado, USA |
- Analyzing NovaGold Resources' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether NovaGold Resources' stock is overvalued or undervalued compared to its peers.
- Examining NovaGold Resources' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating NovaGold Resources' management team can have a significant impact on its success or failure. Reviewing the track record and experience of NovaGold Resources' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of NovaGold Resources' stock. These opinions can provide insight into NovaGold Resources' potential for growth and whether the stock is currently undervalued or overvalued.
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 price. For more detail on how to invest in NovaGold Stock please use our How to Invest in NovaGold Resources guide.Note that the NovaGold Resources information on this page should be used as a complementary analysis to other NovaGold Resources' 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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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Is NovaGold Resources' 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 NovaGold Resources. If investors know NovaGold 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 NovaGold Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.14) | Return On Assets (0.10) | Return On Equity (17.91) |
The market value of NovaGold Resources is measured differently than its book value, which is the value of NovaGold that is recorded on the company's balance sheet. Investors also form their own opinion of NovaGold Resources' value that differs from its market value or its book value, called intrinsic value, which is NovaGold Resources' 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 NovaGold Resources' market value can be influenced by many factors that don't directly affect NovaGold Resources' 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 NovaGold Resources' 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' 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.