Niobay Metals Stock Market Value
| NBYCF Stock | USD 0.04 0.01 20.00% |
| Symbol | Niobay |
Niobay Metals '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 Niobay Metals' 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 Niobay Metals.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Niobay Metals on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Niobay Metals or generate 0.0% return on investment in Niobay Metals over 720 days. Niobay Metals is related to or competes with Mundoro Capital, Pampa Metals, Progressive Planet, Amarc Resources, and Barksdale Resources. Niobay Metals Inc., a mineral resource company, acquires, explores for, evaluates, and develops mining properties in Can... More
Niobay Metals 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 Niobay Metals' 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 Niobay Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 18.33 | |||
| Information Ratio | 0.0071 | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 25.0 |
Niobay Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Niobay Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Niobay Metals' standard deviation. In reality, there are many statistical measures that can use Niobay Metals historical prices to predict the future Niobay Metals' volatility.| Risk Adjusted Performance | 0.0215 | |||
| Jensen Alpha | 0.4064 | |||
| Total Risk Alpha | (2.17) | |||
| Sortino Ratio | 0.0059 | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Niobay Metals' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Niobay Metals Backtested Returns
Niobay Metals appears to be out of control, given 3 months investment horizon. Niobay Metals has Sharpe Ratio of 0.0307, which conveys that the firm had a 0.0307% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Niobay Metals, which you can use to evaluate the volatility of the firm. Please exercise Niobay Metals' Risk Adjusted Performance of 0.0215, mean deviation of 9.34, and Downside Deviation of 18.33 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Niobay Metals holds a performance score of 2. The company secures a Beta (Market Risk) of -1.47, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Niobay Metals are expected to decrease by larger amounts. On the other hand, during market turmoil, Niobay Metals is expected to outperform it. Please check Niobay Metals' semi variance, day median price, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Niobay Metals' current price movements will revert.
Auto-correlation | -0.22 |
Weak reverse predictability
Niobay Metals has weak reverse predictability. Overlapping area represents the amount of predictability between Niobay Metals time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 Niobay Metals price movement. The serial correlation of -0.22 indicates that over 22.0% of current Niobay Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Niobay Metals lagged returns against current returns
Autocorrelation, which is Niobay Metals 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 Niobay Metals' otc stock expected returns. We can calculate the autocorrelation of Niobay Metals returns to help us make a trade decision. For example, suppose you find that Niobay Metals 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 |
| Timeline |
Niobay Metals 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 Niobay Metals otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Niobay Metals otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Niobay Metals otc stock over time.
Current vs Lagged Prices |
| Timeline |
Niobay Metals Lagged Returns
When evaluating Niobay Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Niobay Metals otc stock have on its future price. Niobay Metals 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, Niobay Metals autocorrelation shows the relationship between Niobay Metals otc stock current value and its past values and can show if there is a momentum factor associated with investing in Niobay Metals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Niobay OTC Stock
Niobay Metals financial ratios help investors to determine whether Niobay 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 Niobay with respect to the benefits of owning Niobay Metals security.