Niko Resources Stock Market Value
Niko Resources' market value is the price at which a share of Niko Resources trades on a public exchange. It measures the collective expectations of Niko Resources investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Niko Resources and determine expected loss or profit from investing in Niko Resources over a given investment horizon. Check out Niko Resources Correlation, Niko Resources Volatility and Niko Resources Alpha and Beta module to complement your research on Niko Resources.
| Symbol | Niko |
Niko Resources '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 Niko Resources' 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 Niko Resources.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Niko Resources on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Niko Resources or generate 0.0% return on investment in Niko Resources over 30 days. Niko Resources Ltd. engages in the exploration, development, and production of oil and natural gas primarily in India an... More
Niko Resources 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 Niko Resources' 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 Niko Resources upside and downside potential and time the market with a certain degree of confidence.
Niko Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Niko Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Niko Resources' standard deviation. In reality, there are many statistical measures that can use Niko Resources historical prices to predict the future Niko Resources' volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Niko Resources' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Niko Resources Backtested Returns
Niko Resources has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12 % return per unit of risk over the last 3 months. We are able to interpolate and collect zero different technical indicators, which can help you to evaluate if expected returns of 15.0% are justified by taking the suggested risk. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Niko Resources are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Niko Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Niko Resources time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 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 Niko Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Niko Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Niko Resources lagged returns against current returns
Autocorrelation, which is Niko Resources 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 Niko Resources' pink sheet expected returns. We can calculate the autocorrelation of Niko Resources returns to help us make a trade decision. For example, suppose you find that Niko Resources 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 |
Niko Resources 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 Niko Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Niko Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Niko Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Niko Resources Lagged Returns
When evaluating Niko Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Niko Resources pink sheet have on its future price. Niko Resources 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, Niko Resources autocorrelation shows the relationship between Niko Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Niko Resources.
Regressed Prices |
| Timeline |
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Other Information on Investing in Niko Pink Sheet
Niko Resources financial ratios help investors to determine whether Niko 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 Niko with respect to the benefits of owning Niko Resources security.