Niocorp Developments Ltd Stock Market Value
| NB Stock | 1.36 0.03 2.16% |
| Symbol | NioCorp |
NioCorp Developments Price To Book Ratio
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NioCorp Developments. If investors know NioCorp will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NioCorp Developments listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.27) | Return On Assets (0.42) | Return On Equity (7.72) |
The market value of NioCorp Developments is measured differently than its book value, which is the value of NioCorp that is recorded on the company's balance sheet. Investors also form their own opinion of NioCorp Developments' value that differs from its market value or its book value, called intrinsic value, which is NioCorp Developments' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NioCorp Developments' market value can be influenced by many factors that don't directly affect NioCorp Developments' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NioCorp Developments' value and its price as these two are different measures arrived at by different means. Investors typically determine if NioCorp Developments is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NioCorp Developments' 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.
NioCorp Developments '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 NioCorp Developments' 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 NioCorp Developments.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in NioCorp Developments on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding NioCorp Developments Ltd or generate 0.0% return on investment in NioCorp Developments over 30 days. NioCorp Developments is related to or competes with Vale SA, Teck Resources, BHP Group, Glencore PLC, Piedmont Lithium, and Sigma Lithium. NioCorp Developments is entity of United States More
NioCorp Developments 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 NioCorp Developments' 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 NioCorp Developments Ltd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 28.43 | |||
| Value At Risk | (8.00) | |||
| Potential Upside | 5.33 |
NioCorp Developments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NioCorp Developments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NioCorp Developments' standard deviation. In reality, there are many statistical measures that can use NioCorp Developments historical prices to predict the future NioCorp Developments' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.67) | |||
| Total Risk Alpha | (1.36) | |||
| Treynor Ratio | (0.99) |
NioCorp Developments Backtested Returns
NioCorp Developments has Sharpe Ratio of -0.0645, which conveys that the firm had a -0.0645% return per unit of risk over the last 3 months. NioCorp Developments exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NioCorp Developments' Risk Adjusted Performance of (0.08), standard deviation of 4.88, and Mean Deviation of 3.47 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.61, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NioCorp Developments' returns are expected to increase less than the market. However, during the bear market, the loss of holding NioCorp Developments is expected to be smaller as well. At this point, NioCorp Developments has a negative expected return of -0.31%. Please make sure to verify NioCorp Developments' potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if NioCorp Developments performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.79 |
Good predictability
NioCorp Developments Ltd has good predictability. Overlapping area represents the amount of predictability between NioCorp Developments time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 NioCorp Developments price movement. The serial correlation of 0.79 indicates that around 79.0% of current NioCorp Developments price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NioCorp Developments lagged returns against current returns
Autocorrelation, which is NioCorp Developments 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 NioCorp Developments' stock expected returns. We can calculate the autocorrelation of NioCorp Developments returns to help us make a trade decision. For example, suppose you find that NioCorp Developments 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 |
| Timeline |
NioCorp Developments 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 NioCorp Developments stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NioCorp Developments stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NioCorp Developments stock over time.
Current vs Lagged Prices |
| Timeline |
NioCorp Developments Lagged Returns
When evaluating NioCorp Developments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NioCorp Developments stock have on its future price. NioCorp Developments 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, NioCorp Developments autocorrelation shows the relationship between NioCorp Developments stock current value and its past values and can show if there is a momentum factor associated with investing in NioCorp Developments Ltd.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out NioCorp Developments Correlation, NioCorp Developments Volatility and NioCorp Developments Alpha and Beta module to complement your research on NioCorp Developments. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
NioCorp Developments technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.