Nv Gold Stock Market Value
| NVGLF Stock | USD 0.17 0.00 0.00% |
| Symbol | NVGLF |
NV Gold '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 NV Gold's 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 NV Gold.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in NV Gold on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding NV Gold or generate 0.0% return on investment in NV Gold over 720 days. NV Gold is related to or competes with Viva Gold, Asante Gold, Bluestone Resources, Allegiant Gold, Agnico Eagle, Osisko Gold, and Gold Fields. NV Gold Corporation, a junior exploration company, identifies, acquires, and explores for mineral properties in the Unit... More
NV Gold 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 NV Gold's 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 NV Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.78 | |||
| Information Ratio | 0.0342 | |||
| Maximum Drawdown | 64.29 | |||
| Value At Risk | (15.79) | |||
| Potential Upside | 17.65 |
NV Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NV Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NV Gold's standard deviation. In reality, there are many statistical measures that can use NV Gold historical prices to predict the future NV Gold's volatility.| Risk Adjusted Performance | 0.0459 | |||
| Jensen Alpha | 0.4389 | |||
| Total Risk Alpha | (1.20) | |||
| Sortino Ratio | 0.0248 | |||
| Treynor Ratio | 1.98 |
NV Gold Backtested Returns
NV Gold appears to be out of control, given 3 months investment horizon. NV Gold retains Efficiency (Sharpe Ratio) of 0.03, which conveys that the firm had a 0.03% return per unit of price deviation over the last 3 months. We have found twenty-four technical indicators for NV Gold, which you can use to evaluate the volatility of the firm. Please exercise NV Gold's Standard Deviation of 10.0, mean deviation of 5.61, and Market Risk Adjusted Performance of 1.99 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NV Gold holds a performance score of 2. The company owns a Beta (Systematic Risk) of 0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NV Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding NV Gold is expected to be smaller as well. Please check NV Gold's variance, potential upside, day typical price, as well as the relationship between the sortino ratio and skewness , to make a quick decision on whether NV Gold's current price history will revert.
Auto-correlation | 0.21 |
Weak predictability
NV Gold has weak predictability. Overlapping area represents the amount of predictability between NV Gold time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 NV Gold price movement. The serial correlation of 0.21 indicates that over 21.0% of current NV Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NV Gold lagged returns against current returns
Autocorrelation, which is NV Gold 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 NV Gold's otc stock expected returns. We can calculate the autocorrelation of NV Gold returns to help us make a trade decision. For example, suppose you find that NV Gold 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 |
NV Gold 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 NV Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NV Gold otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NV Gold otc stock over time.
Current vs Lagged Prices |
| Timeline |
NV Gold Lagged Returns
When evaluating NV Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NV Gold otc stock have on its future price. NV Gold 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, NV Gold autocorrelation shows the relationship between NV Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in NV Gold.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NVGLF OTC Stock
NV Gold financial ratios help investors to determine whether NVGLF 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 NVGLF with respect to the benefits of owning NV Gold security.