Nextsource Materials Stock Market Value
| NSRCF Stock | USD 0.40 0.03 8.11% |
| Symbol | NextSource |
NextSource Materials '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 NextSource Materials' otc stock 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 NextSource Materials.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in NextSource Materials on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding NextSource Materials or generate 0.0% return on investment in NextSource Materials over 720 days. NextSource Materials is related to or competes with Syrah Resources, and Graphite One. NextSource Materials Inc. acquires, explores for, and develops mineral properties in Madagascar and Canada More
NextSource Materials 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 NextSource Materials' otc stock 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 NextSource Materials upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 17.22 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 6.67 |
NextSource Materials Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NextSource Materials' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NextSource Materials' standard deviation. In reality, there are many statistical measures that can use NextSource Materials historical prices to predict the future NextSource Materials' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (1.04) | |||
| Treynor Ratio | 1.43 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NextSource Materials' 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.
NextSource Materials Backtested Returns
NextSource Materials has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12% return per unit of risk over the last 3 months. NextSource Materials exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NextSource Materials' Standard Deviation of 3.48, risk adjusted performance of (0.09), and Mean Deviation of 2.52 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.32, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning NextSource Materials are expected to decrease at a much lower rate. During the bear market, NextSource Materials is likely to outperform the market. At this point, NextSource Materials has a negative expected return of -0.41%. Please make sure to verify NextSource Materials' potential upside, daily balance of power, as well as the relationship between the Daily Balance Of Power and market facilitation index , to decide if NextSource Materials performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.68 |
Good predictability
NextSource Materials has good predictability. Overlapping area represents the amount of predictability between NextSource Materials time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 NextSource Materials price movement. The serial correlation of 0.68 indicates that around 68.0% of current NextSource Materials price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
NextSource Materials lagged returns against current returns
Autocorrelation, which is NextSource Materials otc stock'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 NextSource Materials' otc stock expected returns. We can calculate the autocorrelation of NextSource Materials returns to help us make a trade decision. For example, suppose you find that NextSource Materials has exhibited high autocorrelation historically, and you observe that the otc stock 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 |
NextSource Materials 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 NextSource Materials otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NextSource Materials otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NextSource Materials otc stock over time.
Current vs Lagged Prices |
| Timeline |
NextSource Materials Lagged Returns
When evaluating NextSource Materials' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NextSource Materials otc stock have on its future price. NextSource Materials 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, NextSource Materials autocorrelation shows the relationship between NextSource Materials otc stock current value and its past values and can show if there is a momentum factor associated with investing in NextSource Materials.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NextSource OTC Stock
NextSource Materials financial ratios help investors to determine whether NextSource OTC Stock 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 NextSource with respect to the benefits of owning NextSource Materials security.