NovaGold Competitors

Stocks . USA . 
Stock . NovaGold Resources
NG Stock  USD 9.16  0.62  7.26%   
NovaGold Resources competes with Orla Mining, Seabridge Gold, United States, Centerra Gold, and Knife River; as well as few others. The company is active under Metals & Mining sector as part of Materials industry. Analyzing NovaGold Resources competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of NovaGold Resources to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out NovaGold Resources Correlation with its peers.
For more detail on how to invest in NovaGold Stock please use our How to Invest in NovaGold Resources guide.

NovaGold Resources vs Perimeter Solutions Correlation

Poor diversification

The correlation between NovaGold Resources and PRM is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NovaGold Resources and PRM in the same portfolio, assuming nothing else is changed.

Moving together with NovaGold Stock

  0.69ATCOL Atlas CorpPairCorr

Moving against NovaGold Stock

  0.63CMWCF Cromwell PropertyPairCorr
  0.62MAPSW WM TechnologyPairCorr
  0.61ADVWW Advantage SolutionsPairCorr
  0.59GCMGW GCM GrosvenorPairCorr
  0.48HPQ HP IncPairCorr
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
4.739.1613.59
Details
Intrinsic
Valuation
LowRealHigh
5.059.4713.91
Details
Naive
Forecast
LowNextHigh
3.968.3912.82
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.5710.0211.46
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as NovaGold Resources. Your research has to be compared to or analyzed against NovaGold Resources' peers to derive any actionable benefits. When done correctly, NovaGold Resources' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in NovaGold Resources.

NovaGold Resources Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between NovaGold Resources and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of NovaGold and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of NovaGold Resources does not affect the price movement of the other competitor.

High positive correlations

AUGO
+ 0.91
ORLA
AUGO
+ 0.9
CBT
CGAU
+ 0.89
SA
CGAU
+ 0.77
ORLA
CBT
+ 0.77
ORLA
PRM
+ 0.76
KNF
  

High negative correlations

PRM
- 0.0
SAND
AUGO
- 0.0
SAND
FUL
- 0.0
SAND
CBT
- 0.0
SAND
KNF
- 0.0
SAND
CGAU
- 0.0
SAND

Risk-Adjusted Indicators

There is a big difference between NovaGold Stock performing well and NovaGold Resources Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze NovaGold Resources' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ORLA  3.26  0.94  0.18 (14.49) 3.93 
(3.44)
 7.66 
(7.03)
 27.40 
SAND  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
SA  2.95  0.38  0.09  0.37  4.04 
(3.21)
 6.40 
(5.96)
 28.57 
USLM  1.73 (0.18) 0.00 (0.06) 0.00 
 0.00 
 3.08 
(4.00)
 8.80 
CGAU  2.19  0.69  0.18  0.93  2.91 
(2.43)
 5.00 
(4.58)
 26.35 
KNF  1.86 (0.03) 0.00  0.02  2.47 
(2.00)
 3.78 
(3.57)
 11.48 
CBT  1.34  0.23  0.16  0.23  1.30 
(1.55)
 3.72 
(2.21)
 8.68 
FUL  1.25  0.08  0.06  0.11  1.37 
(1.51)
 3.48 
(2.12)
 8.23 
AUGO  2.78  1.11  0.27  1.24  3.32 
(3.27)
 5.75 
(3.80)
 22.43 
PRM  1.45  0.07  0.03  0.12  1.97 
(1.38)
 2.70 
(2.58)
 10.14 

NovaGold Resources Competitive Analysis

The better you understand NovaGold Resources competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, NovaGold Resources' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across NovaGold Resources' competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
NG ORLA SAND SA USLM CGAU KNF CBT FUL AUGO
 7.26 
 9.16 
NovaGold
 6.12 
 15.78 
Orla
 4.94 
 12.12 
Sandstorm
 6.58 
 29.64 
Seabridge
 4.43 
 118.13 
United
 3.18 
 17.51 
Centerra
 5.34 
 72.85 
Knife
 2.15 
 71.29 
Cabot
 3.41 
 63.06 
FUL
 5.63 
 64.72 
Aura
Market Volatility
(90 Days Market Risk)
Slightly risky
Somewhat reliable
Very steady
Not too volatile
Very steady
Not too volatile
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Mild
Good
Weakest
Fair
Soft
Solid
Weak
Good
Fair
Solid
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Hazard
Low
Low
Low
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Over Valued
Over Valued
Fairly Valued
Over Valued
Under Valued
Fairly Valued
Under Valued
Fairly Valued
Under Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Strong Buy
Hold
Buy
Not Available
Not Available
Buy
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Cautious Hold
Strong Sell
Not Rated
Hold
Hold
Strong Buy
Hold
Strong Buy
Strong Hold
Strong Buy
Current Ratio
45.44
1.65
2.49
7.34
13.26
6.17
N/A
1.65
1.93
N/A
Net Asset
335.91 M
598.35 M
1.85 B
1.45 B
543.16 M
2.27 B
2.85 B
3.81 B
5.18 B
1.08 B
Profit Margin
N/A
0.0696
0.18
N/A
0.36
0.26
0.0487
0.0892
0.0438
-0.0555
EBITDA
(47.29 M)
223.74 M
126.87 M
(19.12 M)
157.86 M
393.1 M
463.11 M
794 M
527.08 M
149.8 M
Current Valuation
4.51 B
5.82 B
3.95 B
3.31 B
3.19 B
2.88 B
5.15 B
4.73 B
5.25 B
3.36 B
Price To Book
21.69
10.11
2.55
3.82
5.61
1.77
2.46
2.43
1.63
21.96
Operating Margin
N/A
0.39
0.51
N/A
0.45
0.34
0.18
0.16
0.13
0.54
Retained Earnings
(2.2 B)
(8.79 M)
119.93 M
(217.89 M)
515.62 M
808.27 M
867.55 M
1.83 B
2.03 B
(431.12 M)
Current Asset
107.34 M
N/A
9.22 M
20.13 M
91.96 M
N/A
N/A
1.09 B
801.05 M
N/A
Five Year Return
N/A
N/A
N/A
N/A
0.64
N/A
N/A
2.77
1.22
N/A
Beta
1.63
0.63
0.79
1.28
0.96
1.27
0.65
0.88
1.09
0.37
Number Of Employees
12
354
19
N/A
345
N/A
4.76 K
4.06 K
7.1 K
9
Shares Outstanding
406.99 M
339.9 M
293.16 M
102.13 M
28.64 M
201.77 M
56.66 M
52.22 M
54.31 M
83.53 M
Cash Flow From Operations
(38.69 M)
174.62 M
135.38 M
(14.22 M)
126.02 M
298.4 M
322.32 M
665 M
263.49 M
222.24 M
Annual Yield
N/A
N/A
0.0047
N/A
0.002
0.0117
N/A
0.0249
0.0154
0.0407
Total Debt
166.3 M
2.18 M
371.1 M
563.9 M
5.04 M
20.11 M
726.76 M
1.13 B
2.02 B
385.35 M
Return On Equity
-1.63
0.1
0.0255
-0.0486
0.24
0.18
0.0971
0.23
0.0794
-0.15
Return On Asset
-0.0712
0.15
0.0303
-0.0088
0.16
0.0298
0.0541
0.1
0.0488
0.18
Number Of Shares Shorted
9.86 M
5.94 M
4.81 M
6.22 M
403.25 K
1.95 M
2.96 M
2 M
1.76 M
1.12 M
Book Value Per Share
0.4
1.7
4.87
9.17
21.12
9.62
28.36
29.33
36.98
3.86
Current Liabilities
3.05 M
N/A
3.63 M
2.37 M
8.74 M
N/A
N/A
398 M
349.52 M
N/A
Total Asset
335.91 M
598.35 M
1.85 B
1.45 B
543.16 M
2.27 B
2.85 B
3.81 B
5.18 B
1.08 B
Debt To Equity
2.99
0.77
0.003
0.31
0.01
0.005
N/A
1.4
1.24
N/A
Short Ratio
4.3
2.17
0.78
4.28
5.79
1.68
6.71
4.51
3.92
0.8
Target Price
13.63
15.8
11.83
41.88
125.0
15.75
96.0
70.8
71.71
40.23
Last Dividend Paid
N/A
N/A
0.056
N/A
0.24
0.19
N/A
1.76
0.93
1.46
Shares Owned By Institutions
65.94
61.4
75.21
59.29
31.22
93.06
97.41
99.84
99.66
6.92
Market Capitalization
3.49 B
4.11 B
3.56 B
2.38 B
3.4 B
3.43 B
3.81 B
3.82 B
3.31 B
3 B
Price To Earning
-37.59
342.0
34.67
560.0
25.62
3.4
N/A
29.11
29.2
N/A
Price To Earnings To Growth
N/A
N/A
N/A
N/A
N/A
N/A
1.46
1.83
2.23
N/A
Price To Sales
N/A
6.64
18.37
N/A
9.7
2.67
1.25
1.03
0.95
3.89
Net Income
(39.53 M)
88.98 M
15.5 M
(31.25 M)
108.84 M
80.39 M
201.68 M
376 M
151.97 M
(30.27 M)
Earnings Per Share
-0.24
0.16
0.12
-0.39
4.55
1.61
2.52
6.01
2.75
-0.55
Shares Owned By Insiders
25.02
11.1
1.47
2.5
62.49
0.18
0.3
1.32
0.34
48.2
Revenue
N/A
343.92 M
176.28 M
N/A
372.73 M
1.21 B
2.9 B
3.71 B
3.47 B
594.16 M
Working Capital
112.55 M
153.05 M
15.46 M
37.83 M
337.82 M
709.18 M
617.63 M
582 M
519.91 M
138.03 M
Cash And Equivalents
110.14 M
66.74 M
23.82 M
49.81 M
108.58 M
723.34 M
281.13 M
258 M
107.21 M
N/A
Cash Per Share
0.4
0.26
0.12
3.42
19.2
3.29
N/A
3.66
1.14
N/A
Gross Profit
N/A
506.15 M
163.2 M
N/A
199.86 M
478.37 M
549.39 M
946 M
1.09 B
413.08 M
Day Typical Price
9.04
15.65
12.31
29.62
119.88
17.49
71.36
72.35
62.27
63.83
Accumulation Distribution
316364.0
149126.0
0.0541
98640.99
6686.79
170966.0
57590.02
39198.71
15790.11
100568.0
Market Facilitation Index
N/A
N/A
0.69
0.0
1.0E-4
N/A
0.0
0.0
0.0
0.0
Daily Balance Of Power
1.265306
1.246575
(0.91)
0.8062
(0.52)
0.5455
0.6936
(0.38)
0.8189
0.8175
Period Momentum Indicator
0.62
0.91
(0.63)
1.83
(5.48)
0.54
3.69
(1.57)
2.08
3.45
Rate Of Daily Change
1.07
1.06
0.95
1.07
0.96
1.03
1.05
0.98
1.03
1.06
Day Median Price
8.99
15.59
12.41
29.62
120.76
17.48
70.62
72.88
61.88
63.38
Price Action Indicator
0.49
0.65
(0.60)
0.94
(5.37)
0.31
4.07
(2.37)
2.22
3.06
Relative Strength Index
47.74
55.46
56.35
50.01
44.53
59.65
48.78
56.92
56.33
61.63
Coefficient Of Variation
1272.76
502.51
N/A
932.34
(2,265)
450.93
5398.23
605.14
1212.8
321.62
Mean Deviation
2.95
3.26
N/A
2.95
1.73
2.19
1.86
1.34
1.25
2.78
Jensen Alpha
0.3072
0.9371
N/A
0.3794
(0.18)
0.692
(0.03)
0.2338
0.0788
1.11
Total Risk Alpha
0.0786
0.6564
N/A
0.1895
(0.23)
0.5314
(0.11)
0.1822
0.0304
0.9342
Sortino Ratio
0.0606
0.1761
N/A
0.0912
N/A
0.1772
(0)
0.1614
0.0575
0.267
Downside Variance
23.71
25.63
N/A
17.97
N/A
14.84
6.58
2.3
2.27
17.3
Standard Deviation
4.43
4.75
N/A
4.1
2.14
3.32
2.49
1.8
1.69
3.74
Kurtosis
7.75
2.35
N/A
3.54
(0.62)
6.98
0.9289
0.7298
0.8883
4.51
Potential Upside
6.04
7.66
N/A
6.4
3.08
5.0
3.78
3.72
3.48
5.75
Treynor Ratio
0.4717
(14.49)
N/A
0.3679
(0.06)
0.9253
0.0219
0.2293
0.1097
1.24
Maximum Drawdown
33.05
27.4
N/A
28.57
8.8
26.35
11.48
8.68
8.23
22.43
Variance
19.62
22.52
N/A
16.8
4.59
11.01
6.2
3.25
2.87
14.0
Market Risk Adjusted Performance
0.4817
(14.48)
N/A
0.3779
(0.05)
0.9353
0.0319
0.2393
0.1197
1.25
Risk Adjusted Performance
0.066
0.1545
N/A
0.0869
(0.03)
0.1706
0.0207
0.1272
0.0662
0.2363
Skewness
(1.39)
(0.14)
N/A
(0.58)
(0.33)
(0.83)
(0.49)
0.5181
0.0666
(1.36)
Semi Deviation
4.36
3.93
N/A
4.04
N/A
2.91
2.47
1.3
1.37
3.32
Information Ratio
0.0666
0.1878
N/A
0.0943
(0.07)
0.2058
(0)
0.1358
0.0511
0.2968
Value At Risk
(5.53)
(7.03)
N/A
(5.96)
(4.00)
(4.58)
(3.57)
(2.21)
(2.12)
(3.80)
Expected Short fall
(3.22)
(3.44)
N/A
(3.21)
N/A
(2.43)
(2.00)
(1.55)
(1.51)
(3.27)
Downside Deviation
4.87
5.06
N/A
4.24
N/A
3.85
2.56
1.52
1.51
4.16
Semi Variance
19.04
15.44
N/A
16.35
N/A
8.48
6.12
1.7
1.88
11.03

NovaGold Resources Competition Performance Charts

Five steps to successful analysis of NovaGold Resources Competition

NovaGold Resources' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by NovaGold Resources in relation to its competition. NovaGold Resources' competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of NovaGold Resources in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact NovaGold Resources' competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to NovaGold Resources, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your NovaGold Resources position

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.

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Utilities
Utilities Theme
Highly leveraged corporations that deliver utilities such as power, water or gas to public or business. The Utilities theme has 30 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 Utilities Theme or any other thematic opportunities.
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How To Invest In NovaGold
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Is NovaGold Stock a good investment?
Details
What is NovaGold Resources' Net Worth?
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Check out NovaGold Resources Correlation with its peers.
For more detail on how to invest in NovaGold Stock please use our How to Invest in NovaGold Resources guide.
You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Can Stock industry sustain growth momentum? Does NovaGold have expansion opportunities? Factors like these will boost the valuation of NovaGold Resources. Anticipated expansion of NovaGold directly elevates investor willingness to pay premium valuations. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating NovaGold Resources demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Investors evaluate NovaGold Resources using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating NovaGold Resources' intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. External factors like market trends, sector rotation, and investor psychology can cause NovaGold Resources' market price to deviate significantly from intrinsic value.
Altman
Z Score
Details
Piotroski
F Score
Details
Beneish
M Score
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
It's important to distinguish between NovaGold Resources' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding NovaGold Resources should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, NovaGold Resources' market price signifies the transaction level at which participants voluntarily complete trades.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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