Nevada Canyon Gold Stock Market Value
| NGLD Stock | USD 0.65 0.05 8.33% |
| Symbol | Nevada |
Nevada Canyon '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 Nevada Canyon's 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 Nevada Canyon.
| 07/01/2025 |
| 12/28/2025 |
If you would invest 0.00 in Nevada Canyon on July 1, 2025 and sell it all today you would earn a total of 0.00 from holding Nevada Canyon Gold or generate 0.0% return on investment in Nevada Canyon over 180 days. Nevada Canyon is related to or competes with Viva Gold, Sirios Resources, King Global, Blue Star, Kalo Gold, and Rise Gold. Nevada Canyon Gold Corp. engages in the mineral exploration activities More
Nevada Canyon 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 Nevada Canyon's 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 Nevada Canyon Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.24 | |||
| Information Ratio | 0.0332 | |||
| Maximum Drawdown | 28.51 | |||
| Value At Risk | (8.11) | |||
| Potential Upside | 11.86 |
Nevada Canyon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nevada Canyon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nevada Canyon's standard deviation. In reality, there are many statistical measures that can use Nevada Canyon historical prices to predict the future Nevada Canyon's volatility.| Risk Adjusted Performance | 0.0428 | |||
| Jensen Alpha | 0.1518 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | 0.0351 | |||
| Treynor Ratio | 0.1813 |
Nevada Canyon Gold Backtested Returns
Nevada Canyon appears to be out of control, given 3 months investment horizon. Nevada Canyon Gold has Sharpe Ratio of 0.054, which conveys that the firm had a 0.054 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Nevada Canyon, which you can use to evaluate the volatility of the firm. Please exercise Nevada Canyon's Downside Deviation of 5.24, risk adjusted performance of 0.0428, and Mean Deviation of 4.13 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nevada Canyon holds a performance score of 4. The company secures a Beta (Market Risk) of 1.43, 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, Nevada Canyon will likely underperform. Please check Nevada Canyon's kurtosis, market facilitation index, and the relationship between the semi variance and rate of daily change , to make a quick decision on whether Nevada Canyon's current price movements will revert.
Auto-correlation | 0.48 |
Average predictability
Nevada Canyon Gold has average predictability. Overlapping area represents the amount of predictability between Nevada Canyon time series from 1st of July 2025 to 29th of September 2025 and 29th of September 2025 to 28th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nevada Canyon Gold price movement. The serial correlation of 0.48 indicates that about 48.0% of current Nevada Canyon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Nevada Canyon Gold lagged returns against current returns
Autocorrelation, which is Nevada Canyon 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 Nevada Canyon's otc stock expected returns. We can calculate the autocorrelation of Nevada Canyon returns to help us make a trade decision. For example, suppose you find that Nevada Canyon 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 |
Nevada Canyon 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 Nevada Canyon otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nevada Canyon otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nevada Canyon otc stock over time.
Current vs Lagged Prices |
| Timeline |
Nevada Canyon Lagged Returns
When evaluating Nevada Canyon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nevada Canyon otc stock have on its future price. Nevada Canyon 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, Nevada Canyon autocorrelation shows the relationship between Nevada Canyon otc stock current value and its past values and can show if there is a momentum factor associated with investing in Nevada Canyon Gold.
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.Other Information on Investing in Nevada OTC Stock
Nevada Canyon financial ratios help investors to determine whether Nevada 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 Nevada with respect to the benefits of owning Nevada Canyon security.