Noble Mineral Exploration Stock Market Value
| NOB Stock | CAD 0.08 0.00 0.00% |
| Symbol | Noble |
Noble Mineral Exploration Price To Book Ratio
Noble Mineral '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 Noble Mineral'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 Noble Mineral.
| 01/08/2024 |
| 12/28/2025 |
If you would invest 0.00 in Noble Mineral on January 8, 2024 and sell it all today you would earn a total of 0.00 from holding Noble Mineral Exploration or generate 0.0% return on investment in Noble Mineral over 720 days. Noble Mineral is related to or competes with Silver Range, Xali Gold, Pacific Ridge, Outback Goldfields, Cascadia Minerals, and Metal Energy. Noble Mineral Exploration Inc., a junior exploration company, engages in the exploration and evaluation of mineral resou... More
Noble Mineral 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 Noble Mineral'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 Noble Mineral Exploration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 17.85 | |||
| Information Ratio | 0.1416 | |||
| Maximum Drawdown | 45.0 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 20.0 |
Noble Mineral Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Noble Mineral's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Noble Mineral's standard deviation. In reality, there are many statistical measures that can use Noble Mineral historical prices to predict the future Noble Mineral's volatility.| Risk Adjusted Performance | 0.1142 | |||
| Jensen Alpha | 1.37 | |||
| Total Risk Alpha | 0.4473 | |||
| Sortino Ratio | 0.0859 | |||
| Treynor Ratio | 0.5121 |
Noble Mineral Exploration Backtested Returns
Noble Mineral is out of control given 3 months investment horizon. Noble Mineral Exploration 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 interpolate twenty-five different technical indicators, which can help you to evaluate if expected returns of 1.22% are justified by taking the suggested risk. Use Noble Mineral Exploration Downside Deviation of 17.85, mean deviation of 7.15, and Risk Adjusted Performance of 0.1142 to evaluate company specific risk that cannot be diversified away. Noble Mineral holds a performance score of 9 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 3.14, 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, Noble Mineral will likely underperform. Use Noble Mineral Exploration information ratio, downside variance, relative strength index, as well as the relationship between the treynor ratio and kurtosis , to analyze future returns on Noble Mineral Exploration.
Auto-correlation | -0.28 |
Weak reverse predictability
Noble Mineral Exploration has weak reverse predictability. Overlapping area represents the amount of predictability between Noble Mineral time series from 8th of January 2024 to 2nd of January 2025 and 2nd of January 2025 to 28th of December 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 Noble Mineral Exploration price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Noble Mineral price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Noble Mineral Exploration lagged returns against current returns
Autocorrelation, which is Noble Mineral 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 Noble Mineral's stock expected returns. We can calculate the autocorrelation of Noble Mineral returns to help us make a trade decision. For example, suppose you find that Noble Mineral 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 |
Noble Mineral 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 Noble Mineral stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Noble Mineral stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Noble Mineral stock over time.
Current vs Lagged Prices |
| Timeline |
Noble Mineral Lagged Returns
When evaluating Noble Mineral's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Noble Mineral stock have on its future price. Noble Mineral 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, Noble Mineral autocorrelation shows the relationship between Noble Mineral stock current value and its past values and can show if there is a momentum factor associated with investing in Noble Mineral Exploration.
Regressed Prices |
| Timeline |
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Additional Tools for Noble Stock Analysis
When running Noble Mineral's price analysis, check to measure Noble Mineral's 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 Noble Mineral is operating at the current time. Most of Noble Mineral's value examination focuses on studying past and present price action to predict the probability of Noble Mineral's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Noble Mineral's price. Additionally, you may evaluate how the addition of Noble Mineral to your portfolios can decrease your overall portfolio volatility.