Northern Graphite Stock Market Value
| NGC Stock | CAD 0.09 0 3.41% |
| Symbol | Northern |
Northern Graphite Price To Book Ratio
Northern Graphite '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 Northern Graphite's 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 Northern Graphite.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Northern Graphite on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Northern Graphite or generate 0.0% return on investment in Northern Graphite over 510 days. Northern Graphite is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Northern Graphite Corporation explores for and develops mineral properties in Canada More
Northern Graphite 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 Northern Graphite's 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 Northern Graphite upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.05 | |||
| Information Ratio | 0.0659 | |||
| Maximum Drawdown | 64.29 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 20.0 |
Northern Graphite Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Graphite's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Graphite's standard deviation. In reality, there are many statistical measures that can use Northern Graphite historical prices to predict the future Northern Graphite's volatility.| Risk Adjusted Performance | 0.0683 | |||
| Jensen Alpha | 0.6697 | |||
| Total Risk Alpha | (0.90) | |||
| Sortino Ratio | 0.0746 | |||
| Treynor Ratio | 0.5188 |
Northern Graphite Backtested Returns
Northern Graphite appears to be out of control, given 3 months investment horizon. Northern Graphite has Sharpe Ratio of 0.0786, which conveys that the firm had a 0.0786% return per unit of risk over the last 3 months. By analyzing Northern Graphite's technical indicators, you can evaluate if the expected return of 0.9% is justified by implied risk. Please exercise Northern Graphite's Mean Deviation of 8.14, downside deviation of 10.05, and Risk Adjusted Performance of 0.0683 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Northern Graphite holds a performance score of 6. The company secures a Beta (Market Risk) of 1.67, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Northern Graphite will likely underperform. Please check Northern Graphite's value at risk and the relationship between the expected short fall and market facilitation index , to make a quick decision on whether Northern Graphite's current price movements will revert.
Auto-correlation | 0.85 |
Very good predictability
Northern Graphite has very good predictability. Overlapping area represents the amount of predictability between Northern Graphite time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Northern Graphite price movement. The serial correlation of 0.85 indicates that around 85.0% of current Northern Graphite price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Northern Graphite lagged returns against current returns
Autocorrelation, which is Northern Graphite 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 Northern Graphite's stock expected returns. We can calculate the autocorrelation of Northern Graphite returns to help us make a trade decision. For example, suppose you find that Northern Graphite 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 |
Northern Graphite 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 Northern Graphite stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Graphite stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northern Graphite stock over time.
Current vs Lagged Prices |
| Timeline |
Northern Graphite Lagged Returns
When evaluating Northern Graphite's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Graphite stock have on its future price. Northern Graphite 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, Northern Graphite autocorrelation shows the relationship between Northern Graphite stock current value and its past values and can show if there is a momentum factor associated with investing in Northern Graphite.
Regressed Prices |
| Timeline |
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Additional Tools for Northern Stock Analysis
When running Northern Graphite's price analysis, check to measure Northern Graphite's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Northern Graphite is operating at the current time. Most of Northern Graphite's value examination focuses on studying past and present price action to predict the probability of Northern Graphite's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northern Graphite's price. Additionally, you may evaluate how the addition of Northern Graphite to your portfolios can decrease your overall portfolio volatility.