PREMIUM NICKEL's market value is the price at which a share of PREMIUM NICKEL trades on a public exchange. It measures the collective expectations of PREMIUM NICKEL RESOURCES investors about its performance. PREMIUM NICKEL is trading at 0.31 as of the 26th of November 2024. This is a 6.90 percent up since the beginning of the trading day. The stock's lowest day price was 0.31. With this module, you can estimate the performance of a buy and hold strategy of PREMIUM NICKEL RESOURCES and determine expected loss or profit from investing in PREMIUM NICKEL over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
PREMIUM
PREMIUM NICKEL '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 PREMIUM NICKEL's 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 PREMIUM NICKEL.
0.00
10/27/2024
No Change 0.00
0.0
In 30 days
11/26/2024
0.00
If you would invest 0.00 in PREMIUM NICKEL on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding PREMIUM NICKEL RESOURCES or generate 0.0% return on investment in PREMIUM NICKEL over 30 days.
PREMIUM NICKEL 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 PREMIUM NICKEL's 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 PREMIUM NICKEL RESOURCES upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for PREMIUM NICKEL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PREMIUM NICKEL's standard deviation. In reality, there are many statistical measures that can use PREMIUM NICKEL historical prices to predict the future PREMIUM NICKEL's volatility.
PREMIUM NICKEL RESOURCES maintains Sharpe Ratio (i.e., Efficiency) of -0.0409, which implies the firm had a -0.0409% return per unit of risk over the last 3 months. PREMIUM NICKEL RESOURCES exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PREMIUM NICKEL's Risk Adjusted Performance of (0.07), coefficient of variation of (998.34), and Mean Deviation of 4.37 to confirm the risk estimate we provide. The company holds a Beta of 0.52, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PREMIUM NICKEL's returns are expected to increase less than the market. However, during the bear market, the loss of holding PREMIUM NICKEL is expected to be smaller as well. At this point, PREMIUM NICKEL RESOURCES has a negative expected return of -0.29%. Please make sure to check PREMIUM NICKEL's maximum drawdown, daily balance of power, and the relationship between the total risk alpha and skewness , to decide if PREMIUM NICKEL RESOURCES performance from the past will be repeated at future time.
Auto-correlation
-0.54
Good reverse predictability
PREMIUM NICKEL RESOURCES has good reverse predictability. Overlapping area represents the amount of predictability between PREMIUM NICKEL time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 PREMIUM NICKEL RESOURCES price movement. The serial correlation of -0.54 indicates that about 54.0% of current PREMIUM NICKEL price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.54
Spearman Rank Test
-0.79
Residual Average
0.0
Price Variance
0.0
PREMIUM NICKEL RESOURCES lagged returns against current returns
Autocorrelation, which is PREMIUM NICKEL 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 PREMIUM NICKEL's stock expected returns. We can calculate the autocorrelation of PREMIUM NICKEL returns to help us make a trade decision. For example, suppose you find that PREMIUM NICKEL has exhibited high autocorrelation historically, and you observe that the 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
PREMIUM NICKEL 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 PREMIUM NICKEL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PREMIUM NICKEL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PREMIUM NICKEL stock over time.
Current vs Lagged Prices
Timeline
PREMIUM NICKEL Lagged Returns
When evaluating PREMIUM NICKEL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PREMIUM NICKEL stock have on its future price. PREMIUM NICKEL 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, PREMIUM NICKEL autocorrelation shows the relationship between PREMIUM NICKEL stock current value and its past values and can show if there is a momentum factor associated with investing in PREMIUM NICKEL RESOURCES.