Norden Crown Metals Stock Market Value
| NOCRF Stock | USD 0.06 0 1.67% |
| Symbol | Norden |
Norden Crown '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 Norden Crown'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 Norden Crown.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Norden Crown on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Norden Crown Metals or generate 0.0% return on investment in Norden Crown over 30 days. Norden Crown is related to or competes with IGO. Norden Crown Metals Corp., an exploration stage company, engages in the acquisition, exploration, and development of min... More
Norden Crown 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 Norden Crown'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 Norden Crown Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0193 | |||
| Maximum Drawdown | 54.81 | |||
| Value At Risk | (1.67) |
Norden Crown Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Norden Crown's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Norden Crown's standard deviation. In reality, there are many statistical measures that can use Norden Crown historical prices to predict the future Norden Crown's volatility.| Risk Adjusted Performance | 0.0342 | |||
| Jensen Alpha | 0.2906 | |||
| Total Risk Alpha | (0.86) | |||
| Treynor Ratio | (1.00) |
Norden Crown Metals Backtested Returns
Norden Crown appears to be out of control, given 3 months investment horizon. Norden Crown Metals has Sharpe Ratio of 0.0334, which conveys that the firm had a 0.0334% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Norden Crown, which you can use to evaluate the volatility of the firm. Please exercise Norden Crown's Standard Deviation of 8.3, risk adjusted performance of 0.0342, and Mean Deviation of 2.29 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Norden Crown holds a performance score of 2. The company secures a Beta (Market Risk) of -0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Norden Crown are expected to decrease at a much lower rate. During the bear market, Norden Crown is likely to outperform the market. Please check Norden Crown's total risk alpha, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to make a quick decision on whether Norden Crown's current price movements will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Norden Crown Metals has no correlation between past and present. Overlapping area represents the amount of predictability between Norden Crown time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 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 Norden Crown Metals price movement. The serial correlation of 0.0 indicates that just 0.0% of current Norden Crown price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Norden Crown Metals lagged returns against current returns
Autocorrelation, which is Norden Crown 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 Norden Crown's pink sheet expected returns. We can calculate the autocorrelation of Norden Crown returns to help us make a trade decision. For example, suppose you find that Norden Crown 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 |
Norden Crown 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 Norden Crown pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Norden Crown pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Norden Crown pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Norden Crown Lagged Returns
When evaluating Norden Crown's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Norden Crown pink sheet have on its future price. Norden Crown 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, Norden Crown autocorrelation shows the relationship between Norden Crown pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Norden Crown Metals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Norden Pink Sheet
Norden Crown financial ratios help investors to determine whether Norden 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 Norden with respect to the benefits of owning Norden Crown security.