Ninepoint Mining Evolution Fund Market Value
| NMNG Fund | 11.90 0.08 0.68% |
| Symbol | Ninepoint |
Ninepoint Mining '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 Ninepoint Mining's fund 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 Ninepoint Mining.
| 12/14/2025 |
| 01/13/2026 |
If you would invest 0.00 in Ninepoint Mining on December 14, 2025 and sell it all today you would earn a total of 0.00 from holding Ninepoint Mining Evolution or generate 0.0% return on investment in Ninepoint Mining over 30 days.
Ninepoint Mining 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 Ninepoint Mining's fund 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 Ninepoint Mining Evolution upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.19 | |||
| Information Ratio | 0.0626 | |||
| Maximum Drawdown | 7.06 | |||
| Value At Risk | (3.80) | |||
| Potential Upside | 3.34 |
Ninepoint Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ninepoint Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ninepoint Mining's standard deviation. In reality, there are many statistical measures that can use Ninepoint Mining historical prices to predict the future Ninepoint Mining's volatility.| Risk Adjusted Performance | 0.0869 | |||
| Jensen Alpha | 0.2164 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0586 | |||
| Treynor Ratio | (3.38) |
Ninepoint Mining Evo Backtested Returns
Ninepoint Mining appears to be not too volatile, given 3 months investment horizon. Ninepoint Mining Evo has Sharpe Ratio of 0.1, which conveys that the entity had a 0.1 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Ninepoint Mining, which you can use to evaluate the volatility of the fund. Please exercise Ninepoint Mining's Risk Adjusted Performance of 0.0869, mean deviation of 1.52, and Downside Deviation of 2.19 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of -0.0625, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ninepoint Mining are expected to decrease at a much lower rate. During the bear market, Ninepoint Mining is likely to outperform the market.
Auto-correlation | 0.95 |
Excellent predictability
Ninepoint Mining Evolution has excellent predictability. Overlapping area represents the amount of predictability between Ninepoint Mining time series from 14th of December 2025 to 29th of December 2025 and 29th of December 2025 to 13th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ninepoint Mining Evo price movement. The serial correlation of 0.95 indicates that approximately 95.0% of current Ninepoint Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.95 | |
| Spearman Rank Test | 0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Ninepoint Mining Evo lagged returns against current returns
Autocorrelation, which is Ninepoint Mining fund'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 Ninepoint Mining's fund expected returns. We can calculate the autocorrelation of Ninepoint Mining returns to help us make a trade decision. For example, suppose you find that Ninepoint Mining has exhibited high autocorrelation historically, and you observe that the fund 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 |
Ninepoint Mining 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 Ninepoint Mining fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ninepoint Mining fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ninepoint Mining fund over time.
Current vs Lagged Prices |
| Timeline |
Ninepoint Mining Lagged Returns
When evaluating Ninepoint Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ninepoint Mining fund have on its future price. Ninepoint Mining 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, Ninepoint Mining autocorrelation shows the relationship between Ninepoint Mining fund current value and its past values and can show if there is a momentum factor associated with investing in Ninepoint Mining Evolution.
Regressed Prices |
| Timeline |
Pair Trading with Ninepoint Mining
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ninepoint Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ninepoint Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Ninepoint Fund
| 0.65 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.65 | 0P0000S9O7 | PIMCO Monthly Income | PairCorr |
| 0.75 | 0P0000S9O5 | PIMCO Monthly Income | PairCorr |
| 0.71 | 0P000072KJ | RBC Canadian Dividend | PairCorr |
| 0.67 | 0P00007069 | RBC Portefeuille | PairCorr |
The ability to find closely correlated positions to Ninepoint Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ninepoint Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ninepoint Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ninepoint Mining Evolution to buy it.
The correlation of Ninepoint Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ninepoint Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ninepoint Mining Evo moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ninepoint Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.| Stocks Directory Find actively traded stocks across global markets | |
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