Norra Metals Corp Stock Market Value
| NRRMF Stock | USD 0.01 0.00 0.00% |
| Symbol | Norra |
Norra Metals '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 Norra Metals' 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 Norra Metals.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Norra Metals on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Norra Metals Corp or generate 0.0% return on investment in Norra Metals over 30 days. Norra Metals is related to or competes with NETGEAR, Hertz Global, United Rentals, Uber Technologies, Asure Software, Vestis, and Global Ship. Norra Metals Corp., an exploration stage company, engages in the acquisition, exploration, and development of resource p... More
Norra Metals 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 Norra Metals' 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 Norra Metals Corp upside and downside potential and time the market with a certain degree of confidence.
Norra Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Norra Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Norra Metals' standard deviation. In reality, there are many statistical measures that can use Norra Metals historical prices to predict the future Norra Metals' volatility.Norra Metals Corp Backtested Returns
We have found three technical indicators for Norra Metals, 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 Norra Metals are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Norra Metals Corp has perfect predictability. Overlapping area represents the amount of predictability between Norra Metals time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 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 Norra Metals Corp price movement. The serial correlation of 1.0 indicates that 100.0% of current Norra Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Norra Metals Corp lagged returns against current returns
Autocorrelation, which is Norra Metals 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 Norra Metals' pink sheet expected returns. We can calculate the autocorrelation of Norra Metals returns to help us make a trade decision. For example, suppose you find that Norra Metals 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 |
Norra Metals 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 Norra Metals pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Norra Metals pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Norra Metals pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Norra Metals Lagged Returns
When evaluating Norra Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Norra Metals pink sheet have on its future price. Norra Metals 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, Norra Metals autocorrelation shows the relationship between Norra Metals pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Norra Metals Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Norra Pink Sheet
Norra Metals financial ratios help investors to determine whether Norra 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 Norra with respect to the benefits of owning Norra Metals security.