North Bay Resources Stock Volatility
| NBRI Stock | USD 0.0009 0.0001 10.00% |
North Bay is out of control given 3 months investment horizon. North Bay Resources has Sharpe Ratio of 0.0918, which conveys that the firm had a 0.0918% return per unit of risk over the last 3 months. We were able to interpolate data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.34% are justified by taking the suggested risk. Use North Bay Resources Mean Deviation of 10.69, downside deviation of 12.92, and Risk Adjusted Performance of 0.0688 to evaluate company specific risk that cannot be diversified away. Key indicators related to North Bay's volatility include:
30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
North Bay Pink Sheet volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of North daily returns, and it is calculated using variance and standard deviation. We also use North's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of North Bay volatility.
North |
Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of North Bay at lower prices. For example, an investor can purchase North stock that has halved in price over a short period. This will lower their average cost per share, thereby improving the overall portfolio performance when market normalizes.
Moving together with North Pink Sheet
| 0.67 | ANGPY | Anglo American Platinum | PairCorr |
| 0.71 | IMPUY | Impala Platinum Holdings | PairCorr |
| 0.69 | IMPUF | Impala Platinum Holdings | PairCorr |
| 0.79 | FNLPF | Fresnillo PLC | PairCorr |
North Bay Market Sensitivity And Downside Risk
North Bay's beta coefficient measures the volatility of North pink sheet compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents North pink sheet's returns against your selected market. In other words, North Bay's beta of -2.34 provides an investor with an approximation of how much risk North Bay pink sheet can potentially add to one of your existing portfolios. North Bay Resources is showing large volatility of returns over the selected time horizon. North Bay Resources appears to be a penny stock. Although North Bay Resources may be, in fact, a solid short-term or long term investment, many penny pink sheets are speculative investment instruments that are often subject to artificial stock promotion and campaigns of hype which may lead to misinformation and misrepresentation. Please make sure you fully understand upside potential and downside risks of investing in North Bay Resources or similar risky assets. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswing without any event/news,and sudden news releases. We also encourage traders to check biographies and work history of company President, CEO or other officers before investing in high-volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on North instrument if you perfectly time your entry and exit. However, remember that penny pink sheets that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.
3 Months Beta |Analyze North Bay Resources Demand TrendCheck current 90 days North Bay correlation with market (Dow Jones Industrial)North Beta |
North standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Standard Deviation | 14.64 |
It is essential to understand the difference between upside risk (as represented by North Bay's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of North Bay's daily returns or price. Since the actual investment returns on holding a position in north pink sheet tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in North Bay.
North Bay Resources Pink Sheet Volatility Analysis
Volatility refers to the frequency at which North Bay pink sheet price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with North Bay's price changes. Investors will then calculate the volatility of North Bay's pink sheet to predict their future moves. A pink sheet that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A pink sheet with relatively stable price changes has low volatility. A highly volatile pink sheet is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of North Bay's volatility:
Historical Volatility
This type of pink sheet volatility measures North Bay's fluctuations based on previous trends. It's commonly used to predict North Bay's future behavior based on its past. However, it cannot conclusively determine the future direction of the pink sheet.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for North Bay's current market price. This means that the pink sheet will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on North Bay's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. North Bay Resources Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
North Bay Projected Return Density Against Market
Given the investment horizon of 90 days North Bay Resources has a beta of -2.3378 . This indicates as returns on its benchmark rise, returns on holding North Bay Resources are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, North Bay is expected to outperform its benchmark.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to North Bay or Basic Materials sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that North Bay's price will be affected by overall pink sheet market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a North pink sheet's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
North Bay Resources has an alpha of 1.4231, implying that it can generate a 1.42 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a North Bay Price Volatility?
Several factors can influence a pink sheet's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.North Bay Pink Sheet Risk Measures
Given the investment horizon of 90 days the coefficient of variation of North Bay is 1089.04. The daily returns are distributed with a variance of 214.42 and standard deviation of 14.64. The mean deviation of North Bay Resources is currently at 10.73. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.76
α | Alpha over Dow Jones | 1.42 | |
β | Beta against Dow Jones | -2.34 | |
σ | Overall volatility | 14.64 | |
Ir | Information ratio | 0.07 |
North Bay Pink Sheet Return Volatility
North Bay historical daily return volatility represents how much of North Bay pink sheet's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm inherits 14.6431% risk (volatility on return distribution) over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7502% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About North Bay Volatility
Volatility is a rate at which the price of North Bay or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of North Bay may increase or decrease. In other words, similar to North's beta indicator, it measures the risk of North Bay and helps estimate the fluctuations that may happen in a short period of time. So if prices of North Bay fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.North Bay Resources Inc. operates as a natural resources exploration company in North America. North Bay Resources Inc. was incorporated in 2004 and is based in Collegeville, Pennsylvania. NORTH BAY operates under Other Precious Metals Mining classification in the United States and is traded on OTC Exchange.
North Bay's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on North Pink Sheet over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much North Bay's price varies over time.
3 ways to utilize North Bay's volatility to invest better
Higher North Bay's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of North Bay Resources stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. North Bay Resources stock volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of North Bay Resources investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in North Bay's stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of North Bay's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
North Bay Investment Opportunity
North Bay Resources has a volatility of 14.64 and is 19.52 times more volatile than Dow Jones Industrial. 96 percent of all equities and portfolios are less risky than North Bay. You can use North Bay Resources to protect your portfolios against small market fluctuations. The pink sheet experiences a very speculative downward sentiment. The market maybe over-reacting. Check odds of North Bay to be traded at $9.0E-4 in 90 days.Good diversification
The correlation between North Bay Resources and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding North Bay Resources and DJI in the same portfolio, assuming nothing else is changed.
North Bay Additional Risk Indicators
The analysis of North Bay's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in North Bay's investment and either accepting that risk or mitigating it. Along with some common measures of North Bay pink sheet's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.0688 | |||
| Market Risk Adjusted Performance | (0.47) | |||
| Mean Deviation | 10.69 | |||
| Semi Deviation | 9.37 | |||
| Downside Deviation | 12.92 | |||
| Coefficient Of Variation | 1289.15 | |||
| Standard Deviation | 14.63 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential pink sheets, we recommend comparing similar pink sheets with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
North Bay Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
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The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against North Bay as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. North Bay's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, North Bay's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to North Bay Resources.
Complementary Tools for North Pink Sheet analysis
When running North Bay's price analysis, check to measure North Bay's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy North Bay is operating at the current time. Most of North Bay's value examination focuses on studying past and present price action to predict the probability of North Bay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move North Bay's price. Additionally, you may evaluate how the addition of North Bay to your portfolios can decrease your overall portfolio volatility.
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