Noranda Aluminum Holding Stock Market Value
| NORNQ Stock | USD 0.0007 0.00 0.00% |
| Symbol | Noranda |
Noranda Aluminum '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 Noranda Aluminum'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 Noranda Aluminum.
| 11/29/2025 |
| 12/29/2025 |
If you would invest 0.00 in Noranda Aluminum on November 29, 2025 and sell it all today you would earn a total of 0.00 from holding Noranda Aluminum Holding or generate 0.0% return on investment in Noranda Aluminum over 30 days. Noranda Aluminum is related to or competes with WestMountain Gold. Noranda Aluminum Holding Corporation produces and sells primary aluminum, alumina, bauxite, and rolled aluminum coils in... More
Noranda Aluminum 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 Noranda Aluminum'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 Noranda Aluminum Holding upside and downside potential and time the market with a certain degree of confidence.
Noranda Aluminum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Noranda Aluminum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Noranda Aluminum's standard deviation. In reality, there are many statistical measures that can use Noranda Aluminum historical prices to predict the future Noranda Aluminum's volatility.Noranda Aluminum Holding Backtested Returns
We have found three technical indicators for Noranda Aluminum, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Noranda Aluminum are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Noranda Aluminum Holding has no correlation between past and present. Overlapping area represents the amount of predictability between Noranda Aluminum time series from 29th of November 2025 to 14th of December 2025 and 14th of December 2025 to 29th 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 Noranda Aluminum Holding price movement. The serial correlation of 0.0 indicates that just 0.0% of current Noranda Aluminum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Noranda Aluminum Holding lagged returns against current returns
Autocorrelation, which is Noranda Aluminum 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 Noranda Aluminum's pink sheet expected returns. We can calculate the autocorrelation of Noranda Aluminum returns to help us make a trade decision. For example, suppose you find that Noranda Aluminum 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 |
Noranda Aluminum 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 Noranda Aluminum pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Noranda Aluminum pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Noranda Aluminum pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Noranda Aluminum Lagged Returns
When evaluating Noranda Aluminum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Noranda Aluminum pink sheet have on its future price. Noranda Aluminum 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, Noranda Aluminum autocorrelation shows the relationship between Noranda Aluminum pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Noranda Aluminum Holding.
Regressed Prices |
| Timeline |
Pair Trading with Noranda Aluminum
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 Noranda Aluminum 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 Noranda Aluminum will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Noranda Aluminum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Noranda Aluminum 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 Noranda Aluminum - 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 Noranda Aluminum Holding to buy it.
The correlation of Noranda Aluminum 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 Noranda Aluminum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Noranda Aluminum Holding 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 Noranda Aluminum 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.Additional Tools for Noranda Pink Sheet Analysis
When running Noranda Aluminum's price analysis, check to measure Noranda Aluminum'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 Noranda Aluminum is operating at the current time. Most of Noranda Aluminum's value examination focuses on studying past and present price action to predict the probability of Noranda Aluminum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Noranda Aluminum's price. Additionally, you may evaluate how the addition of Noranda Aluminum to your portfolios can decrease your overall portfolio volatility.