Nicola Mining Stock Market Value
| NIM Stock | CAD 0.28 0.02 7.69% |
| Symbol | Nicola |
Nicola Mining Price To Book Ratio
Nicola Mining '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 Nicola Mining'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 Nicola Mining.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Nicola Mining on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Nicola Mining or generate 0.0% return on investment in Nicola Mining over 360 days. Nicola Mining is related to or competes with IShares Canadian, PHN Multi, and Altagas Cum. Nicola Mining Inc., a junior exploration and custom milling company, engages in the identification, acquisition, and exp... More
Nicola Mining 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 Nicola Mining'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 Nicola Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 22.18 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 7.69 |
Nicola Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nicola Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nicola Mining's standard deviation. In reality, there are many statistical measures that can use Nicola Mining historical prices to predict the future Nicola Mining's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | (0.26) |
Nicola Mining Backtested Returns
Nicola Mining has Sharpe Ratio of -0.0641, which conveys that the firm had a -0.0641% return per unit of risk over the last 3 months. Nicola Mining exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nicola Mining's Mean Deviation of 2.62, risk adjusted performance of (0.02), and Standard Deviation of 4.32 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.65, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nicola Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nicola Mining is expected to be smaller as well. At this point, Nicola Mining has a negative expected return of -0.27%. Please make sure to verify Nicola Mining's information ratio and the relationship between the potential upside and period momentum indicator , to decide if Nicola Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Nicola Mining has insignificant reverse predictability. Overlapping area represents the amount of predictability between Nicola Mining time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 Nicola Mining price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Nicola Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nicola Mining lagged returns against current returns
Autocorrelation, which is Nicola Mining 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 Nicola Mining's stock expected returns. We can calculate the autocorrelation of Nicola Mining returns to help us make a trade decision. For example, suppose you find that Nicola Mining 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 |
Nicola Mining 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 Nicola Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nicola Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nicola Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Nicola Mining Lagged Returns
When evaluating Nicola Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nicola Mining stock have on its future price. Nicola Mining 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, Nicola Mining autocorrelation shows the relationship between Nicola Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Nicola Mining.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Nicola Stock Analysis
When running Nicola Mining's price analysis, check to measure Nicola Mining'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 Nicola Mining is operating at the current time. Most of Nicola Mining's value examination focuses on studying past and present price action to predict the probability of Nicola Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nicola Mining's price. Additionally, you may evaluate how the addition of Nicola Mining to your portfolios can decrease your overall portfolio volatility.