Nevada Sunrise Gold Stock Market Value
| NVSGF Stock | USD 0.01 0 11.00% |
| Symbol | Nevada |
Nevada Sunrise '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 Nevada Sunrise'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 Nevada Sunrise.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Nevada Sunrise on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Nevada Sunrise Gold or generate 0.0% return on investment in Nevada Sunrise over 30 days. Nevada Sunrise is related to or competes with IGO, IGO, Surge Battery, Critical Elements, Lithium Ionic, Adriatic Metals, and Aurelia Metals. Nevada Sunrise Metals Corporation, a junior mineral exploration company, engages in the acquisition, exploration, and ev... More
Nevada Sunrise 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 Nevada Sunrise'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 Nevada Sunrise Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 36.78 | |||
| Information Ratio | 0.1 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (19.35) | |||
| Potential Upside | 34.0 |
Nevada Sunrise Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nevada Sunrise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nevada Sunrise's standard deviation. In reality, there are many statistical measures that can use Nevada Sunrise historical prices to predict the future Nevada Sunrise's volatility.| Risk Adjusted Performance | 0.0904 | |||
| Jensen Alpha | 2.37 | |||
| Total Risk Alpha | (1.29) | |||
| Sortino Ratio | 0.0669 | |||
| Treynor Ratio | 1.45 |
Nevada Sunrise Gold Backtested Returns
Nevada Sunrise is out of control given 3 months investment horizon. Nevada Sunrise Gold has Sharpe Ratio of 0.0905, which conveys that the firm had a 0.0905% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.86% are justified by taking the suggested risk. Use Nevada Sunrise Gold Risk Adjusted Performance of 0.0904, mean deviation of 10.59, and Downside Deviation of 36.78 to evaluate company specific risk that cannot be diversified away. Nevada Sunrise holds a performance score of 7 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 1.78, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nevada Sunrise will likely underperform. Use Nevada Sunrise Gold potential upside and the relationship between the skewness and relative strength index , to analyze future returns on Nevada Sunrise Gold.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Nevada Sunrise Gold has insignificant reverse predictability. Overlapping area represents the amount of predictability between Nevada Sunrise time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd of November 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 Nevada Sunrise Gold price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Nevada Sunrise price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.96 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nevada Sunrise Gold lagged returns against current returns
Autocorrelation, which is Nevada Sunrise 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 Nevada Sunrise's pink sheet expected returns. We can calculate the autocorrelation of Nevada Sunrise returns to help us make a trade decision. For example, suppose you find that Nevada Sunrise 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 |
Nevada Sunrise 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 Nevada Sunrise pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nevada Sunrise pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nevada Sunrise pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nevada Sunrise Lagged Returns
When evaluating Nevada Sunrise's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nevada Sunrise pink sheet have on its future price. Nevada Sunrise 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, Nevada Sunrise autocorrelation shows the relationship between Nevada Sunrise pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nevada Sunrise Gold.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nevada Pink Sheet
Nevada Sunrise financial ratios help investors to determine whether Nevada 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 Nevada with respect to the benefits of owning Nevada Sunrise security.