Norsemont Mining Stock Market Value
| NRRSF Stock | USD 0.13 0.01 7.14% |
| 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.
| 12/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in Norsemont Mining on December 19, 2024 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 30 days. Norsemont Mining is related to or competes with Newcore Gold, Cerrado Gold, Rio2, Aurion Resources, and Minaurum Gold. 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.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 31.67 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 10.53 |
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 | (0.04) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (1.07) |
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 has Sharpe Ratio of -0.11, which conveys that the firm had a -0.11% return per unit of risk over the last 3 months. Norsemont Mining exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Norsemont Mining's Standard Deviation of 6.29, risk adjusted performance of (0.04), and Mean Deviation of 4.11 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Norsemont Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Norsemont Mining is expected to be smaller as well. At this point, Norsemont Mining has a negative expected return of -0.66%. Please make sure to verify Norsemont Mining's total risk alpha, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Norsemont Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Norsemont Mining has insignificant reverse predictability. Overlapping area represents the amount of predictability between Norsemont Mining time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 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 Norsemont Mining price movement. The serial correlation of -0.18 indicates that over 18.0% of current Norsemont Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.55 | |
| 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 |
| Timeline |
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 |
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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.