Nevgold Corp Stock Market Value
| NAU Stock | 0.86 0.04 4.44% |
| Symbol | NevGold |
NevGold Corp Price To Book Ratio
NevGold Corp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to NevGold Corp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of NevGold Corp.
| 10/03/2025 |
| 01/01/2026 |
If you would invest 0.00 in NevGold Corp on October 3, 2025 and sell it all today you would earn a total of 0.00 from holding NevGold Corp or generate 0.0% return on investment in NevGold Corp over 90 days. NevGold Corp is related to or competes with Canterra Minerals, Teuton Resources, Scottie Resources, Patagonia Gold, Defiance Silver, First Nordic, and Metallic Minerals. NevGold Corp is entity of Canada. It is traded as Stock on V exchange. More
NevGold Corp Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure NevGold Corp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess NevGold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.38 | |||
| Information Ratio | 0.2297 | |||
| Maximum Drawdown | 37.35 | |||
| Value At Risk | (7.59) | |||
| Potential Upside | 12.12 |
NevGold Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NevGold Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NevGold Corp's standard deviation. In reality, there are many statistical measures that can use NevGold Corp historical prices to predict the future NevGold Corp's volatility.| Risk Adjusted Performance | 0.1772 | |||
| Jensen Alpha | 1.46 | |||
| Total Risk Alpha | 1.02 | |||
| Sortino Ratio | 0.2858 | |||
| Treynor Ratio | 0.6802 |
NevGold Corp Backtested Returns
NevGold Corp is abnormally volatile given 3 months investment horizon. NevGold Corp has Sharpe Ratio of 0.24, which conveys that the firm had a 0.24 % return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.66% are justified by taking the suggested risk. Use NevGold Corp Risk Adjusted Performance of 0.1772, mean deviation of 5.19, and Downside Deviation of 5.38 to evaluate company specific risk that cannot be diversified away. NevGold Corp holds a performance score of 19 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 2.35, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, NevGold Corp will likely underperform. Use NevGold Corp potential upside and the relationship between the skewness and period momentum indicator , to analyze future returns on NevGold Corp.
Auto-correlation | 0.83 |
Very good predictability
NevGold Corp has very good predictability. Overlapping area represents the amount of predictability between NevGold Corp time series from 3rd of October 2025 to 17th of November 2025 and 17th of November 2025 to 1st of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NevGold Corp price movement. The serial correlation of 0.83 indicates that around 83.0% of current NevGold Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
NevGold Corp lagged returns against current returns
Autocorrelation, which is NevGold Corp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting NevGold Corp's stock expected returns. We can calculate the autocorrelation of NevGold Corp returns to help us make a trade decision. For example, suppose you find that NevGold Corp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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NevGold Corp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If NevGold Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NevGold Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NevGold Corp stock over time.
Current vs Lagged Prices |
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NevGold Corp Lagged Returns
When evaluating NevGold Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NevGold Corp stock have on its future price. NevGold Corp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, NevGold Corp autocorrelation shows the relationship between NevGold Corp stock current value and its past values and can show if there is a momentum factor associated with investing in NevGold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for NevGold Stock Analysis
When running NevGold Corp's price analysis, check to measure NevGold Corp'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 NevGold Corp is operating at the current time. Most of NevGold Corp's value examination focuses on studying past and present price action to predict the probability of NevGold Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NevGold Corp's price. Additionally, you may evaluate how the addition of NevGold Corp to your portfolios can decrease your overall portfolio volatility.