Nouveau Monde Graphite Stock Market Value
| NMG Stock | USD 1.93 0.12 5.85% |
| Symbol | Nouveau |
Nouveau Monde Graphite Price To Book Ratio
Is Diversified Metals & 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 Nouveau Monde. If investors know Nouveau 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 Nouveau Monde 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 Nouveau Monde Graphite is measured differently than its book value, which is the value of Nouveau that is recorded on the company's balance sheet. Investors also form their own opinion of Nouveau Monde's value that differs from its market value or its book value, called intrinsic value, which is Nouveau Monde's 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 Nouveau Monde's market value can be influenced by many factors that don't directly affect Nouveau Monde's 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 Nouveau Monde's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nouveau Monde is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nouveau Monde's 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.
Nouveau Monde '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 Nouveau Monde'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 Nouveau Monde.
| 01/17/2025 |
| 02/16/2025 |
If you would invest 0.00 in Nouveau Monde on January 17, 2025 and sell it all today you would earn a total of 0.00 from holding Nouveau Monde Graphite or generate 0.0% return on investment in Nouveau Monde over 30 days. Nouveau Monde is related to or competes with Graphite One, Lomiko Metals, IGO, Syrah Resources, Vulcan Minerals, Alpha Copper, and Ardea Resources. Nouveau Monde Graphite Inc. engages in the acquisition, exploration, development, and evaluation of mineral properties i... More
Nouveau Monde 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 Nouveau Monde'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 Nouveau Monde Graphite upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.89 | |||
| Information Ratio | 0.1131 | |||
| Maximum Drawdown | 30.48 | |||
| Value At Risk | (6.84) | |||
| Potential Upside | 11.29 |
Nouveau Monde Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nouveau Monde's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nouveau Monde's standard deviation. In reality, there are many statistical measures that can use Nouveau Monde historical prices to predict the future Nouveau Monde's volatility.| Risk Adjusted Performance | 0.0903 | |||
| Jensen Alpha | 0.6841 | |||
| Total Risk Alpha | 0.6756 | |||
| Sortino Ratio | 0.14 | |||
| Treynor Ratio | 0.8518 |
Nouveau Monde Graphite Backtested Returns
Nouveau Monde appears to be dangerous, given 3 months investment horizon. Nouveau Monde Graphite has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14 % return per unit of risk over the last 3 months. By analyzing Nouveau Monde's technical indicators, you can evaluate if the expected return of 0.87% is justified by implied risk. Please exercise Nouveau Monde's Downside Deviation of 4.89, mean deviation of 4.44, and Risk Adjusted Performance of 0.0903 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nouveau Monde holds a performance score of 11. The company secures a Beta (Market Risk) of 0.8, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nouveau Monde's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nouveau Monde is expected to be smaller as well. Please check Nouveau Monde's skewness, and the relationship between the potential upside and rate of daily change , to make a quick decision on whether Nouveau Monde's current price movements will revert.
Auto-correlation | 0.28 |
Poor predictability
Nouveau Monde Graphite has poor predictability. Overlapping area represents the amount of predictability between Nouveau Monde time series from 17th of January 2025 to 1st of February 2025 and 1st of February 2025 to 16th 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 Nouveau Monde Graphite price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Nouveau Monde price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Nouveau Monde Graphite lagged returns against current returns
Autocorrelation, which is Nouveau Monde 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 Nouveau Monde's stock expected returns. We can calculate the autocorrelation of Nouveau Monde returns to help us make a trade decision. For example, suppose you find that Nouveau Monde 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 |
Nouveau Monde 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 Nouveau Monde stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nouveau Monde stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nouveau Monde stock over time.
Current vs Lagged Prices |
| Timeline |
Nouveau Monde Lagged Returns
When evaluating Nouveau Monde's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nouveau Monde stock have on its future price. Nouveau Monde 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, Nouveau Monde autocorrelation shows the relationship between Nouveau Monde stock current value and its past values and can show if there is a momentum factor associated with investing in Nouveau Monde Graphite.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Nouveau Monde Graphite is a strong investment it is important to analyze Nouveau Monde's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nouveau Monde's future performance. For an informed investment choice regarding Nouveau Stock, refer to the following important reports:Check out Nouveau Monde Correlation, Nouveau Monde Volatility and Nouveau Monde Alpha and Beta module to complement your research on Nouveau Monde. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Nouveau Monde technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.