NOVAGOLD RES (Germany) Alpha and Beta Analysis

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as NOVAGOLD RES. It also helps investors analyze the systematic and unsystematic risks associated with investing in NOVAGOLD RES over a specified time horizon. Remember, high NOVAGOLD RES's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Check out Stocks Correlation.
  
Please note that although NOVAGOLD RES alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, NOVAGOLD RES did 0.00  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of NOVAGOLD RES stock's relative risk over its benchmark. NOVAGOLD RES has a beta of 0.00  . Let's try to break down what NOVAGOLD's beta means in this case. The returns on DOW and NOVAGOLD RES are completely uncorrelated.
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

NOVAGOLD RES Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. NOVAGOLD RES market risk premium is the additional return an investor will receive from holding NOVAGOLD RES long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in NOVAGOLD RES. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate NOVAGOLD RES's performance over market.
α0.00   β0.00
90 days against DJI

NOVAGOLD RES Investors Sentiment

The influence of NOVAGOLD RES's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in NOVAGOLD. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NOVAGOLD RES in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, NOVAGOLD RES's short interest history, or implied volatility extrapolated from NOVAGOLD RES options trading.

Build Portfolio with NOVAGOLD RES

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Check out Stocks Correlation. Note that the NOVAGOLD RES information on this page should be used as a complementary analysis to other NOVAGOLD RES's 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

Other Tools for NOVAGOLD Stock

When running NOVAGOLD RES price analysis, check to measure NOVAGOLD RES'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 RES is operating at the current time. Most of NOVAGOLD RES's value examination focuses on studying past and present price action to predict the probability of NOVAGOLD RES's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move NOVAGOLD RES's price. Additionally, you may evaluate how the addition of NOVAGOLD RES to your portfolios can decrease your overall portfolio volatility.
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