Northern Minerals Exploration Stock Market Value
| NMEX Stock | USD 0.18 0.02 12.50% |
| Symbol | Northern |
Northern Minerals '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 Minerals' 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 Minerals.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Northern Minerals on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Northern Minerals Exploration or generate 0.0% return on investment in Northern Minerals over 60 days. Northern Minerals is related to or competes with Petroleo Brasileiro, Equinor ASA, Eni SPA, YPF Sociedad, Ecopetrol, BP PLC, and Shell PLC. Northern Minerals Exploration Ltd. operates as a natural resource company in the United States More
Northern Minerals 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 Minerals' 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 Minerals Exploration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 27.52 | |||
| Information Ratio | 0.1154 | |||
| Maximum Drawdown | 159.41 | |||
| Value At Risk | (41.18) | |||
| Potential Upside | 50.0 |
Northern Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Minerals' standard deviation. In reality, there are many statistical measures that can use Northern Minerals historical prices to predict the future Northern Minerals' volatility.| Risk Adjusted Performance | 0.1017 | |||
| Jensen Alpha | 3.21 | |||
| Total Risk Alpha | (1.12) | |||
| Sortino Ratio | 0.1234 | |||
| Treynor Ratio | 1.39 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northern Minerals' 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 Minerals Backtested Returns
Northern Minerals is out of control given 3 months investment horizon. Northern Minerals 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 were able to analyze and collect data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 3.56% are justified by taking the suggested risk. Use Northern Minerals Mean Deviation of 18.99, risk adjusted performance of 0.1017, and Downside Deviation of 27.52 to evaluate company specific risk that cannot be diversified away. Northern Minerals holds a performance score of 9 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 2.52, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Northern Minerals will likely underperform. Use Northern Minerals total risk alpha, downside variance, as well as the relationship between the Downside Variance and rate of daily change , to analyze future returns on Northern Minerals.
Auto-correlation | 0.22 |
Weak predictability
Northern Minerals Exploration has weak predictability. Overlapping area represents the amount of predictability between Northern Minerals time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th 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 Northern Minerals price movement. The serial correlation of 0.22 indicates that over 22.0% of current Northern Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Northern Minerals lagged returns against current returns
Autocorrelation, which is Northern Minerals 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 Minerals' pink sheet expected returns. We can calculate the autocorrelation of Northern Minerals returns to help us make a trade decision. For example, suppose you find that Northern Minerals 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 Minerals 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 Minerals pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Minerals 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 Minerals pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Northern Minerals Lagged Returns
When evaluating Northern Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Minerals pink sheet have on its future price. Northern Minerals 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 Minerals autocorrelation shows the relationship between Northern Minerals pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Northern Minerals Exploration.
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 Northern Pink Sheet Analysis
When running Northern Minerals' price analysis, check to measure Northern Minerals' 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 Northern Minerals is operating at the current time. Most of Northern Minerals' value examination focuses on studying past and present price action to predict the probability of Northern Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northern Minerals' price. Additionally, you may evaluate how the addition of Northern Minerals to your portfolios can decrease your overall portfolio volatility.