Nickel Mines Limited Stock Market Value
| NICMF Stock | USD 0.59 0.03 5.36% |
| Symbol | Nickel |
Nickel Mines '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 Nickel Mines' 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 Nickel Mines.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Nickel Mines on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Nickel Mines Limited or generate 0.0% return on investment in Nickel Mines over 720 days. Nickel Mines is related to or competes with South Star, and Mundoro Capital. Nickel Industries Limited engages in nickel ore mining and nickel pig iron production operations in Singapore and Indone... More
Nickel Mines 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 Nickel Mines' 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 Nickel Mines Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.72 | |||
| Information Ratio | 0.0427 | |||
| Maximum Drawdown | 28.87 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 9.09 |
Nickel Mines Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nickel Mines' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nickel Mines' standard deviation. In reality, there are many statistical measures that can use Nickel Mines historical prices to predict the future Nickel Mines' volatility.| Risk Adjusted Performance | 0.0624 | |||
| Jensen Alpha | 0.3106 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | 0.0231 | |||
| Treynor Ratio | 3.48 |
Nickel Mines Limited Backtested Returns
Nickel Mines appears to be out of control, given 3 months investment horizon. Nickel Mines Limited has Sharpe Ratio of 0.0913, which conveys that the firm had a 0.0913% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nickel Mines, which you can use to evaluate the volatility of the firm. Please exercise Nickel Mines' Risk Adjusted Performance of 0.0624, downside deviation of 8.72, and Mean Deviation of 2.61 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nickel Mines holds a performance score of 7. The company secures a Beta (Market Risk) of 0.0926, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nickel Mines' returns are expected to increase less than the market. However, during the bear market, the loss of holding Nickel Mines is expected to be smaller as well. Please check Nickel Mines' information ratio, downside variance, day typical price, as well as the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Nickel Mines' current price movements will revert.
Auto-correlation | -0.64 |
Very good reverse predictability
Nickel Mines Limited has very good reverse predictability. Overlapping area represents the amount of predictability between Nickel Mines time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 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 Nickel Mines Limited price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Nickel Mines price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Nickel Mines Limited lagged returns against current returns
Autocorrelation, which is Nickel Mines 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 Nickel Mines' pink sheet expected returns. We can calculate the autocorrelation of Nickel Mines returns to help us make a trade decision. For example, suppose you find that Nickel Mines 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 |
Nickel Mines 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 Nickel Mines pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nickel Mines pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nickel Mines pink sheet over time.
Current vs Lagged Prices |
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Nickel Mines Lagged Returns
When evaluating Nickel Mines' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nickel Mines pink sheet have on its future price. Nickel Mines 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, Nickel Mines autocorrelation shows the relationship between Nickel Mines pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nickel Mines Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nickel Pink Sheet
Nickel Mines financial ratios help investors to determine whether Nickel 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 Nickel with respect to the benefits of owning Nickel Mines security.