North Bay Resources Stock Market Value
| NBRI Stock | USD 0.0009 0.0001 10.00% |
| Symbol | North |
North Bay '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 North Bay's pink sheet 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 North Bay.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in North Bay on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding North Bay Resources or generate 0.0% return on investment in North Bay over 30 days. North Bay is related to or competes with Defiance Silver, HUMANA, SCOR PK, Thrivent High, Morningstar Unconstrained, SPACE, and Via Renewables. North Bay Resources Inc. operates as a natural resources exploration company in North America More
North Bay 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 North Bay's pink sheet 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 North Bay Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.92 | |||
| Information Ratio | 0.0682 | |||
| Maximum Drawdown | 67.14 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 33.33 |
North Bay Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for North Bay's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as North Bay's standard deviation. In reality, there are many statistical measures that can use North Bay historical prices to predict the future North Bay's volatility.| Risk Adjusted Performance | 0.0688 | |||
| Jensen Alpha | 1.42 | |||
| Total Risk Alpha | (1.32) | |||
| Sortino Ratio | 0.0772 | |||
| Treynor Ratio | (0.48) |
North Bay Resources Backtested Returns
North Bay is out of control given 3 months investment horizon. North Bay Resources has Sharpe Ratio of 0.0918, which conveys that the firm had a 0.0918% return per unit of risk over the last 3 months. We were able to interpolate data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.34% are justified by taking the suggested risk. Use North Bay Resources Risk Adjusted Performance of 0.0688, mean deviation of 10.69, and Downside Deviation of 12.92 to evaluate company specific risk that cannot be diversified away. North Bay holds a performance score of 7 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -2.34, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning North Bay are expected to decrease by larger amounts. On the other hand, during market turmoil, North Bay is expected to outperform it. Use North Bay Resources potential upside, as well as the relationship between the kurtosis and day typical price , to analyze future returns on North Bay Resources.
Auto-correlation | 0.14 |
Insignificant predictability
North Bay Resources has insignificant predictability. Overlapping area represents the amount of predictability between North Bay 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 North Bay Resources price movement. The serial correlation of 0.14 indicates that less than 14.0% of current North Bay price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
North Bay Resources lagged returns against current returns
Autocorrelation, which is North Bay pink sheet'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 North Bay's pink sheet expected returns. We can calculate the autocorrelation of North Bay returns to help us make a trade decision. For example, suppose you find that North Bay has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
North Bay 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 North Bay pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if North Bay pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in North Bay pink sheet over time.
Current vs Lagged Prices |
| Timeline |
North Bay Lagged Returns
When evaluating North Bay's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of North Bay pink sheet have on its future price. North Bay 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, North Bay autocorrelation shows the relationship between North Bay pink sheet current value and its past values and can show if there is a momentum factor associated with investing in North Bay Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in North Pink Sheet
North Bay financial ratios help investors to determine whether North Pink Sheet 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 North with respect to the benefits of owning North Bay security.