Northern Shield Resources Stock Market Value
| NSHRF Stock | USD 0.25 0.00 0.00% |
| Symbol | Northern |
Northern Shield '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 Shield'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 Northern Shield.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Northern Shield on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Northern Shield Resources or generate 0.0% return on investment in Northern Shield over 30 days. Northern Shield is related to or competes with BHP Group, Glencore PLC, Vale SA, Rio Tinto, and Lithium Americas. Northern Shield Resources Inc., a natural resource company, engages in identifying, acquiring, and exploring mineral pro... More
Northern Shield 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 Shield'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 Northern Shield Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1337 | |||
| Maximum Drawdown | 681.25 | |||
| Potential Upside | 0.3401 |
Northern Shield Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Shield's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Shield's standard deviation. In reality, there are many statistical measures that can use Northern Shield historical prices to predict the future Northern Shield's volatility.| Risk Adjusted Performance | 0.108 | |||
| Jensen Alpha | 11.96 | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (2.72) |
Northern Shield Resources Backtested Returns
Northern Shield is out of control given 3 months investment horizon. Northern Shield Resources has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We were able to interpolate data for seventeen different technical indicators, which can help you to evaluate if expected returns of 11.9% are justified by taking the suggested risk. Use Northern Shield Resources Standard Deviation of 85.46, risk adjusted performance of 0.108, and Mean Deviation of 23.9 to evaluate company specific risk that cannot be diversified away. Northern Shield holds a performance score of 10 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -4.24, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Northern Shield are expected to decrease by larger amounts. On the other hand, during market turmoil, Northern Shield is expected to outperform it. Use Northern Shield Resources standard deviation, as well as the relationship between the maximum drawdown and rate of daily change , to analyze future returns on Northern Shield Resources.
Auto-correlation | 0.00 |
No correlation between past and present
Northern Shield Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Northern Shield time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 Northern Shield Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Northern Shield price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Northern Shield Resources lagged returns against current returns
Autocorrelation, which is Northern Shield 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 Shield's pink sheet expected returns. We can calculate the autocorrelation of Northern Shield returns to help us make a trade decision. For example, suppose you find that Northern Shield 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 Shield 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 Shield pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Shield 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 Shield pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Northern Shield Lagged Returns
When evaluating Northern Shield's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Shield pink sheet have on its future price. Northern Shield 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 Shield autocorrelation shows the relationship between Northern Shield pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Northern Shield Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Northern Pink Sheet
Northern Shield 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 Shield security.