Nextsource Materials Stock Market Value
| NSRCF Stock | USD 0.57 0.02 3.39% |
| 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.
| 12/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in NextSource Materials on December 19, 2024 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 30 days. NextSource Materials is related to or competes with Syrah Resources, Graphite One, and Northern Graphite. 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.
| Downside Deviation | 5.03 | |||
| Information Ratio | 0.0637 | |||
| Maximum Drawdown | 24.28 | |||
| Value At Risk | (8.16) | |||
| Potential Upside | 10.17 |
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 | 0.0664 | |||
| Jensen Alpha | 0.3461 | |||
| Total Risk Alpha | 0.2274 | |||
| Sortino Ratio | 0.0655 | |||
| Treynor Ratio | 2.1 |
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 appears to be out of control, given 3 months investment horizon. NextSource Materials has Sharpe Ratio of 0.0993, which conveys that the firm had a 0.0993% return per unit of risk over the last 3 months. By analyzing NextSource Materials' technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please exercise NextSource Materials' Mean Deviation of 3.95, risk adjusted performance of 0.0664, and Downside Deviation of 5.03 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NextSource Materials holds a performance score of 7. The company secures a Beta (Market Risk) of 0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NextSource Materials' returns are expected to increase less than the market. However, during the bear market, the loss of holding NextSource Materials is expected to be smaller as well. Please check NextSource Materials' downside variance, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether NextSource Materials' current price movements will revert.
Auto-correlation | 0.34 |
Below average predictability
NextSource Materials has below average predictability. Overlapping area represents the amount of predictability between NextSource Materials 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 NextSource Materials price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current NextSource Materials price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 |
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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.