Northern Lion Gold Stock Market Value
| NLGCF Stock | USD 0.10 0.00 0.00% |
| Symbol | Northern |
Northern Lion '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 Northern Lion's 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 Northern Lion.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Northern Lion on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Northern Lion Gold or generate 0.0% return on investment in Northern Lion over 720 days. Northern Lion is related to or competes with IGO. Northern Lion Gold Corp., a mineral exploration company, focuses on acquiring, exploring, and developing gold-bearing mi... More
Northern Lion 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 Northern Lion's 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 Northern Lion Gold upside and downside potential and time the market with a certain degree of confidence.
Northern Lion Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Lion's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Lion's standard deviation. In reality, there are many statistical measures that can use Northern Lion historical prices to predict the future Northern Lion's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northern Lion's 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.
Northern Lion Gold Backtested Returns
We have found three technical indicators for Northern Lion, which you can use to evaluate the volatility of the firm. 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 Northern Lion are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Northern Lion Gold has no correlation between past and present. Overlapping area represents the amount of predictability between Northern Lion time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th of December 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 Northern Lion Gold price movement. The serial correlation of 0.0 indicates that just 0.0% of current Northern Lion price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Northern Lion Gold lagged returns against current returns
Autocorrelation, which is Northern Lion 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 Northern Lion's pink sheet expected returns. We can calculate the autocorrelation of Northern Lion returns to help us make a trade decision. For example, suppose you find that Northern Lion 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 |
Northern Lion 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 Northern Lion pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Lion pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northern Lion pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Northern Lion Lagged Returns
When evaluating Northern Lion's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Lion pink sheet have on its future price. Northern Lion 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, Northern Lion autocorrelation shows the relationship between Northern Lion pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Northern Lion Gold.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Northern Pink Sheet
Northern Lion financial ratios help investors to determine whether Northern 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 Northern with respect to the benefits of owning Northern Lion security.