NovaGold Resources Stock Forecast - Accumulation Distribution
| NG Stock | USD 2.94 0.04 1.38% |
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' historical fundamentals, such as revenue growth or operating cash flow patterns. Although NovaGold Resources' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of NovaGold Resources' systematic risk associated with finding meaningful patterns of NovaGold Resources fundamentals over time.
Check out Historical Fundamental Analysis of NovaGold Resources to cross-verify your projections. NovaGold |
Open Interest Against 2024-05-17 NovaGold Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast NovaGold Resources' 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 NovaGold Resources' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for NovaGold Resources 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 NovaGold Resources' open interest, investors have to compare it to NovaGold Resources' 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 NovaGold Resources 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 NovaGold. 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 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' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets NovaGold Resources' 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.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 46560.0 | 41673.91 |
| Check NovaGold Resources Volatility | Backtest NovaGold Resources | Information Ratio |
NovaGold Resources Trading Date Momentum
| On April 26 2024 NovaGold Resources was traded for 2.94 at the closing time. The highest price during the trading period was 2.98 and the lowest recorded bid was listed for 2.86 . The volume for the day was 1 M. This history from April 26, 2024 did not cause price change. The trading delta at closing time to the current price is 1.02% . |
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' 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' 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' 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' 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.
| Accumulation Distribution | 41673.91 | |||
| Daily Balance Of Power | 0.3333 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 2.92 | |||
| Day Typical Price | 2.93 | |||
| Price Action Indicator | 0.04 | |||
| Period Momentum Indicator | 0.04 |
NovaGold Resources Risk Indicators
The analysis of NovaGold Resources' 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' 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 | 3.07 | |||
| Standard Deviation | 3.93 | |||
| Variance | 15.42 |
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.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of NovaGold Resources to cross-verify your projections. 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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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.