Nevada King Gold Stock Market Value
| NKG Stock | CAD 0.29 0.01 3.33% |
| Symbol | Nevada |
Nevada King Gold Price To Book Ratio
Nevada King '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 King'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 Nevada King.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Nevada King on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Nevada King Gold or generate 0.0% return on investment in Nevada King over 30 days. Nevada King is related to or competes with New Found, Goliath Resources, Lion One, and Dolly Varden. Nevada King Gold Corp engages in the acquisition, exploration, and evaluation of resource properties in Nevada More
Nevada King 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 King'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 Nevada King Gold upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 17.71 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 6.06 |
Nevada King Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nevada King's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nevada King's standard deviation. In reality, there are many statistical measures that can use Nevada King historical prices to predict the future Nevada King's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.91) | |||
| Treynor Ratio | (0.43) |
Nevada King Gold Backtested Returns
Nevada King Gold has Sharpe Ratio of -0.0405, which conveys that the firm had a -0.0405% return per unit of risk over the last 3 months. Nevada King exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nevada King's Standard Deviation of 4.2, mean deviation of 3.39, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.48, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nevada King's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nevada King is expected to be smaller as well. At this point, Nevada King Gold has a negative expected return of -0.17%. Please make sure to verify Nevada King's value at risk, accumulation distribution, as well as the relationship between the Accumulation Distribution and day typical price , to decide if Nevada King Gold performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.46 |
Modest reverse predictability
Nevada King Gold has modest reverse predictability. Overlapping area represents the amount of predictability between Nevada King time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Nevada King Gold price movement. The serial correlation of -0.46 indicates that about 46.0% of current Nevada King price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nevada King Gold lagged returns against current returns
Autocorrelation, which is Nevada King 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 King's stock expected returns. We can calculate the autocorrelation of Nevada King returns to help us make a trade decision. For example, suppose you find that Nevada King 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 |
Nevada King 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 King stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nevada King stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nevada King stock over time.
Current vs Lagged Prices |
| Timeline |
Nevada King Lagged Returns
When evaluating Nevada King's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nevada King stock have on its future price. Nevada King 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 King autocorrelation shows the relationship between Nevada King stock current value and its past values and can show if there is a momentum factor associated with investing in Nevada King Gold.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Nevada Stock Analysis
When running Nevada King's price analysis, check to measure Nevada King'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 Nevada King is operating at the current time. Most of Nevada King's value examination focuses on studying past and present price action to predict the probability of Nevada King's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nevada King's price. Additionally, you may evaluate how the addition of Nevada King to your portfolios can decrease your overall portfolio volatility.