Northern Minerals Limited Stock Market Value
| NOURF Stock | USD 0.02 0 6.32% |
| Symbol | Northern |
Northern Minerals '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 Northern Minerals' 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 Northern Minerals.
| 07/28/2024 |
| 01/19/2026 |
If you would invest 0.00 in Northern Minerals on July 28, 2024 and sell it all today you would earn a total of 0.00 from holding Northern Minerals Limited or generate 0.0% return on investment in Northern Minerals over 540 days. Northern Minerals is related to or competes with American Lithium, Rio Silver, and GoldHaven Resources. Northern Minerals Limited engages in the exploration and evaluation of rare earth element mineral interests in Australia More
Northern Minerals 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 Northern Minerals' 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 Northern Minerals Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 51.16 | |||
| Value At Risk | (20.71) | |||
| Potential Upside | 19.6 |
Northern Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Minerals' standard deviation. In reality, there are many statistical measures that can use Northern Minerals historical prices to predict the future Northern Minerals' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.53) | |||
| Total Risk Alpha | (2.02) | |||
| Treynor Ratio | (0.15) |
Northern Minerals Backtested Returns
Northern Minerals has Sharpe Ratio of close to zero, which conveys that the firm had a close to zero % return per unit of risk over the last 3 months. Northern Minerals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Northern Minerals' Mean Deviation of 10.16, risk adjusted performance of (0.01), and Standard Deviation of 13.02 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 2.21, 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, Northern Minerals will likely underperform. At this point, Northern Minerals has a negative expected return of -0.12%. Please make sure to verify Northern Minerals' maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Northern Minerals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.04 |
Virtually no predictability
Northern Minerals Limited has virtually no predictability. Overlapping area represents the amount of predictability between Northern Minerals time series from 28th of July 2024 to 24th of April 2025 and 24th of April 2025 to 19th 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 Northern Minerals price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Northern Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Northern Minerals lagged returns against current returns
Autocorrelation, which is Northern Minerals 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 Northern Minerals' pink sheet expected returns. We can calculate the autocorrelation of Northern Minerals returns to help us make a trade decision. For example, suppose you find that Northern Minerals 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 |
Northern Minerals 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 Northern Minerals pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Minerals pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northern Minerals pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Northern Minerals Lagged Returns
When evaluating Northern Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Minerals pink sheet have on its future price. Northern Minerals 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, Northern Minerals autocorrelation shows the relationship between Northern Minerals pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Northern Minerals Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Northern Pink Sheet
Northern Minerals financial ratios help investors to determine whether Northern 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 Northern with respect to the benefits of owning Northern Minerals security.