Niocorp Developments Ltd Stock Market Value
| NIOBW Stock | 0.1 0.01 13.64% |
| Symbol | NioCorp |
Is Non-Metallic and Industrial Metal Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NioCorp Developments. If investors know NioCorp will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NioCorp Developments listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of NioCorp Developments is measured differently than its book value, which is the value of NioCorp that is recorded on the company's balance sheet. Investors also form their own opinion of NioCorp Developments' value that differs from its market value or its book value, called intrinsic value, which is NioCorp Developments' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NioCorp Developments' market value can be influenced by many factors that don't directly affect NioCorp Developments' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NioCorp Developments' value and its price as these two are different measures arrived at by different means. Investors typically determine if NioCorp Developments is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NioCorp Developments' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
NioCorp Developments '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 NioCorp Developments' 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 NioCorp Developments.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in NioCorp Developments on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding NioCorp Developments Ltd or generate 0.0% return on investment in NioCorp Developments over 90 days. NioCorp Developments is related to or competes with Aris Water, VirnetX Holding, Qualys, Kinetik Holdings, CenterPoint Energy, Rumble, and United Utilities. More
NioCorp Developments 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 NioCorp Developments' 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 NioCorp Developments Ltd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.5 | |||
| Information Ratio | 0.0751 | |||
| Maximum Drawdown | 127.67 | |||
| Value At Risk | (21.05) | |||
| Potential Upside | 31.87 |
NioCorp Developments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NioCorp Developments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NioCorp Developments' standard deviation. In reality, there are many statistical measures that can use NioCorp Developments historical prices to predict the future NioCorp Developments' volatility.| Risk Adjusted Performance | 0.0726 | |||
| Jensen Alpha | 1.54 | |||
| Total Risk Alpha | (1.20) | |||
| Sortino Ratio | 0.0672 | |||
| Treynor Ratio | (1.46) |
NioCorp Developments Backtested Returns
NioCorp Developments is out of control given 3 months investment horizon. NioCorp Developments has Sharpe Ratio of 0.0823, which conveys that the firm had a 0.0823% return per unit of risk over the last 3 months. We have analyzed thirty different technical indicators, which can help you to evaluate if expected returns of 1.44% are justified by taking the suggested risk. Use NioCorp Developments Mean Deviation of 11.26, risk adjusted performance of 0.0726, and Downside Deviation of 19.5 to evaluate company specific risk that cannot be diversified away. NioCorp Developments holds a performance score of 6 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.98, which conveys possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning NioCorp Developments are expected to decrease slowly. On the other hand, during market turmoil, NioCorp Developments is expected to outperform it slightly. Use NioCorp Developments maximum drawdown and the relationship between the expected short fall and period momentum indicator , to analyze future returns on NioCorp Developments.
Auto-correlation | -0.14 |
Insignificant reverse predictability
NioCorp Developments Ltd has insignificant reverse predictability. Overlapping area represents the amount of predictability between NioCorp Developments time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 NioCorp Developments price movement. The serial correlation of -0.14 indicates that less than 14.0% of current NioCorp Developments price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NioCorp Developments lagged returns against current returns
Autocorrelation, which is NioCorp Developments 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 NioCorp Developments' stock expected returns. We can calculate the autocorrelation of NioCorp Developments returns to help us make a trade decision. For example, suppose you find that NioCorp Developments 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 |
NioCorp Developments 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 NioCorp Developments stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NioCorp Developments stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NioCorp Developments stock over time.
Current vs Lagged Prices |
| Timeline |
NioCorp Developments Lagged Returns
When evaluating NioCorp Developments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NioCorp Developments stock have on its future price. NioCorp Developments 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, NioCorp Developments autocorrelation shows the relationship between NioCorp Developments stock current value and its past values and can show if there is a momentum factor associated with investing in NioCorp Developments Ltd.
Regressed Prices |
| Timeline |
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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.Additional Tools for NioCorp Stock Analysis
When running NioCorp Developments' price analysis, check to measure NioCorp Developments' 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 NioCorp Developments is operating at the current time. Most of NioCorp Developments' value examination focuses on studying past and present price action to predict the probability of NioCorp Developments' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NioCorp Developments' price. Additionally, you may evaluate how the addition of NioCorp Developments to your portfolios can decrease your overall portfolio volatility.