Norsemont Mining Stock Market Value
| NRRSF Stock | USD 0.18 0.02 10.00% |
| Symbol | Norsemont |
Norsemont Mining '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 Norsemont Mining'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 Norsemont Mining.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Norsemont Mining on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Norsemont Mining or generate 0.0% return on investment in Norsemont Mining over 720 days. Norsemont Mining is related to or competes with Aurion Resources, Liberty Gold, Rio2, Orezone Gold, Radisson Mining, Predictive Discovery, and Fortuna Silver. Norsemont Mining Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral... More
Norsemont Mining 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 Norsemont Mining'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 Norsemont Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.36 | |||
| Information Ratio | 0.1629 | |||
| Maximum Drawdown | 59.7 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 18.16 |
Norsemont Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Norsemont Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Norsemont Mining's standard deviation. In reality, there are many statistical measures that can use Norsemont Mining historical prices to predict the future Norsemont Mining's volatility.| Risk Adjusted Performance | 0.1443 | |||
| Jensen Alpha | 1.97 | |||
| Total Risk Alpha | 0.1741 | |||
| Sortino Ratio | 0.1928 | |||
| Treynor Ratio | (0.87) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Norsemont Mining's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Norsemont Mining Backtested Returns
Norsemont Mining is out of control given 3 months investment horizon. Norsemont Mining has Sharpe Ratio of 0.19, which conveys that the firm had a 0.19% return per unit of risk over the last 3 months. We are able to interpolate and collect thirty different technical indicators, which can help you to evaluate if expected returns of 1.89% are justified by taking the suggested risk. Use Norsemont Mining Downside Deviation of 8.36, risk adjusted performance of 0.1443, and Mean Deviation of 6.39 to evaluate company specific risk that cannot be diversified away. Norsemont Mining holds a performance score of 15 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -1.99, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Norsemont Mining are expected to decrease by larger amounts. On the other hand, during market turmoil, Norsemont Mining is expected to outperform it. Use Norsemont Mining potential upside, as well as the relationship between the kurtosis and day typical price , to analyze future returns on Norsemont Mining.
Auto-correlation | -0.5 |
Modest reverse predictability
Norsemont Mining has modest reverse predictability. Overlapping area represents the amount of predictability between Norsemont Mining time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Norsemont Mining price movement. The serial correlation of -0.5 indicates that about 50.0% of current Norsemont Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Norsemont Mining lagged returns against current returns
Autocorrelation, which is Norsemont Mining 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 Norsemont Mining's pink sheet expected returns. We can calculate the autocorrelation of Norsemont Mining returns to help us make a trade decision. For example, suppose you find that Norsemont Mining 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 |
Norsemont Mining 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 Norsemont Mining pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Norsemont Mining pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Norsemont Mining pink sheet over time.
Current vs Lagged Prices |
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Norsemont Mining Lagged Returns
When evaluating Norsemont Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Norsemont Mining pink sheet have on its future price. Norsemont Mining 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, Norsemont Mining autocorrelation shows the relationship between Norsemont Mining pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Norsemont Mining.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Norsemont Pink Sheet
Norsemont Mining financial ratios help investors to determine whether Norsemont 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 Norsemont with respect to the benefits of owning Norsemont Mining security.