NovaGold Cost Of Revenue from 2010 to 2024

NG Stock  CAD 4.77  0.04  0.85%   
NovaGold Resources Cost Of Revenue yearly trend continues to be very stable with very little volatility. Cost Of Revenue is likely to drop to 8,550. During the period from 2010 to 2024, NovaGold Resources Cost Of Revenue quarterly data regression pattern had sample variance of 3.6 T and median of  9,000. View All Fundamentals
 
Cost Of Revenue  
First Reported
1999-05-31
Previous Quarter
K
Current Value
K
Quarterly Volatility
5.9 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check NovaGold Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NovaGold Resources' main balance sheet or income statement drivers, such as Interest Expense of 15.8 M, Selling General Administrative of 23.9 M or Total Revenue of 0.0, as well as many indicators such as Price To Sales Ratio of 6.6 K, Dividend Yield of 0.0 or Days Sales Outstanding of 12 K. NovaGold financial statements analysis is a perfect complement when working with NovaGold Resources Valuation or Volatility modules.
  
This module can also supplement various NovaGold Resources Technical models . Check out the analysis of NovaGold Resources Correlation against competitors.
To learn how to invest in NovaGold Stock, please use our How to Invest in NovaGold Resources guide.

Pair Trading with NovaGold Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NovaGold Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NovaGold Resources will appreciate offsetting losses from the drop in the long position's value.

Moving against NovaGold Stock

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The ability to find closely correlated positions to NovaGold Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NovaGold Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NovaGold Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NovaGold Resources to buy it.
The correlation of NovaGold Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NovaGold Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NovaGold Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NovaGold Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether NovaGold Resources is a strong investment it is important to analyze NovaGold Resources' 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' future performance. For an informed investment choice regarding NovaGold Stock, refer to the following important reports:
Check out the analysis of NovaGold Resources Correlation against competitors.
To learn how to invest in NovaGold Stock, please use our How to Invest in NovaGold Resources guide.
You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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.