Nevgold Corp Stock Market Value
| NAUFF Stock | USD 0.16 0.01 5.88% |
| Symbol | NevGold |
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 otc 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.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in NevGold Corp on October 31, 2024 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 30 days. NevGold Corp is related to or competes with Scottie Resources, Defiance Silver, HUMANA, SCOR PK, Thrivent High, Morningstar Unconstrained, and SPACE. NevGold Corp. engages in the exploration and development of mineral properties 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 otc 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.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 29.29 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 11.76 |
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 | (0.03) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (1.46) | |||
| Treynor Ratio | 0.3114 |
NevGold Corp Backtested Returns
NevGold Corp has Sharpe Ratio of -0.0313, which conveys that the firm had a -0.0313% return per unit of risk over the last 3 months. NevGold Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NevGold Corp's Risk Adjusted Performance of (0.03), standard deviation of 6.71, and Mean Deviation of 4.64 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -1.09, which conveys a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning NevGold Corp are expected to decrease slowly. On the other hand, during market turmoil, NevGold Corp is expected to outperform it slightly. At this point, NevGold Corp has a negative expected return of -0.21%. Please make sure to verify NevGold Corp's accumulation distribution, as well as the relationship between the day typical price and relative strength index , to decide if NevGold Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.13 |
Insignificant predictability
NevGold Corp has insignificant predictability. Overlapping area represents the amount of predictability between NevGold Corp time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 2024. 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 0.13 indicates that less than 13.0% of current NevGold Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NevGold Corp lagged returns against current returns
Autocorrelation, which is NevGold Corp otc 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 otc 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 otc 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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NevGold Corp otc 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 otc 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 otc 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 otc stock current value and its past values and can show if there is a momentum factor associated with investing in NevGold Corp.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in NevGold OTC Stock
NevGold Corp financial ratios help investors to determine whether NevGold OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NevGold with respect to the benefits of owning NevGold Corp security.