Northcliff Resources Stock Market Value
| NCF Stock | CAD 0.04 0.01 14.29% |
| Symbol | Northcliff |
Northcliff Resources Price To Book Ratio
Northcliff Resources '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 Northcliff Resources' 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 Northcliff Resources.
| 10/31/2023 |
| 11/24/2024 |
If you would invest 0.00 in Northcliff Resources on October 31, 2023 and sell it all today you would earn a total of 0.00 from holding Northcliff Resources or generate 0.0% return on investment in Northcliff Resources over 390 days. Northcliff Resources Ltd., together with its subsidiaries, engages in the exploration and development of mineral project... More
Northcliff Resources 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 Northcliff Resources' 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 Northcliff Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 20.52 | |||
| Information Ratio | 0.1302 | |||
| Maximum Drawdown | 78.57 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 25.0 |
Northcliff Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northcliff Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northcliff Resources' standard deviation. In reality, there are many statistical measures that can use Northcliff Resources historical prices to predict the future Northcliff Resources' volatility.| Risk Adjusted Performance | 0.1158 | |||
| Jensen Alpha | 2.07 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.099 | |||
| Treynor Ratio | 3.0 |
Northcliff Resources Backtested Returns
Northcliff Resources is out of control given 3 months investment horizon. Northcliff Resources has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.84% are justified by taking the suggested risk. Use Northcliff Resources Mean Deviation of 10.26, risk adjusted performance of 0.1158, and Downside Deviation of 20.52 to evaluate company specific risk that cannot be diversified away. Northcliff Resources holds a performance score of 9 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 0.72, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Northcliff Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Northcliff Resources is expected to be smaller as well. Use Northcliff Resources maximum drawdown, skewness, price action indicator, as well as the relationship between the downside variance and rate of daily change , to analyze future returns on Northcliff Resources.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Northcliff Resources has insignificant reverse predictability. Overlapping area represents the amount of predictability between Northcliff Resources time series from 31st of October 2023 to 13th of May 2024 and 13th of May 2024 to 24th 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 Northcliff Resources price movement. The serial correlation of -0.2 indicates that over 20.0% of current Northcliff Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Northcliff Resources lagged returns against current returns
Autocorrelation, which is Northcliff Resources 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 Northcliff Resources' stock expected returns. We can calculate the autocorrelation of Northcliff Resources returns to help us make a trade decision. For example, suppose you find that Northcliff Resources 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 |
Northcliff Resources 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 Northcliff Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northcliff Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northcliff Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Northcliff Resources Lagged Returns
When evaluating Northcliff Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northcliff Resources stock have on its future price. Northcliff Resources 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, Northcliff Resources autocorrelation shows the relationship between Northcliff Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Northcliff Resources.
Regressed Prices |
| Timeline |
Pair Trading with Northcliff Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Northcliff Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Northcliff Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Northcliff Stock
| 0.67 | AG | First Majestic Silver | PairCorr |
| 0.64 | IE | Ivanhoe Energy | PairCorr |
| 0.64 | FDY | Faraday Copper Corp | PairCorr |
Moving against Northcliff Stock
The ability to find closely correlated positions to Northcliff Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northcliff Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Northcliff Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Northcliff Resources to buy it.
The correlation of Northcliff Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Northcliff Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northcliff Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Northcliff Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Northcliff Stock
Northcliff Resources financial ratios help investors to determine whether Northcliff 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 Northcliff with respect to the benefits of owning Northcliff Resources security.