Nord Precious Metals Stock Market Value
| NTH Stock | 0.03 0.00 0.00% |
| Symbol | Nord |
Nord Precious '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 Nord Precious' 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 Nord Precious.
| 10/17/2022 |
| 05/09/2024 |
If you would invest 0.00 in Nord Precious on October 17, 2022 and sell it all today you would earn a total of 0.00 from holding Nord Precious Metals or generate 0.0% return on investment in Nord Precious over 570 days. Nord Precious is related to or competes with Teck Resources, Ivanhoe Mines, Filo Mining, Sigma Lithium, NGEx Minerals, Calibre Mining, and Foran Mining. Nord Precious is entity of Canada. It is traded as Stock on V exchange. More
Nord Precious 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 Nord Precious' 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 Nord Precious Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 26.29 | |||
| Information Ratio | 0.0555 | |||
| Maximum Drawdown | 58.33 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Nord Precious Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nord Precious' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nord Precious' standard deviation. In reality, there are many statistical measures that can use Nord Precious historical prices to predict the future Nord Precious' volatility.| Risk Adjusted Performance | 0.0474 | |||
| Jensen Alpha | 1.15 | |||
| Total Risk Alpha | (1.03) | |||
| Sortino Ratio | 0.0335 | |||
| Treynor Ratio | (0.39) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nord Precious' 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.
Nord Precious Metals Backtested Returns
Nord Precious is out of control given 3 months investment horizon. Nord Precious Metals has Sharpe Ratio of 0.064, which conveys that the firm had a 0.064% return per unit of risk over the last 3 months. We were able to interpolate twenty-four different technical indicators, which can help you to evaluate if expected returns of 1.06% are justified by taking the suggested risk. Use Nord Precious Metals Mean Deviation of 9.2, risk adjusted performance of 0.0474, and Downside Deviation of 26.29 to evaluate company specific risk that cannot be diversified away. Nord Precious holds a performance score of 5 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -2.46, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Nord Precious are expected to decrease by larger amounts. On the other hand, during market turmoil, Nord Precious is expected to outperform it. Use Nord Precious Metals value at risk, as well as the relationship between the expected short fall and day median price , to analyze future returns on Nord Precious Metals.
Auto-correlation | 0.31 |
Below average predictability
Nord Precious Metals has below average predictability. Overlapping area represents the amount of predictability between Nord Precious time series from 17th of October 2022 to 29th of July 2023 and 29th of July 2023 to 9th of May 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 Nord Precious Metals price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Nord Precious price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nord Precious Metals lagged returns against current returns
Autocorrelation, which is Nord Precious 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 Nord Precious' stock expected returns. We can calculate the autocorrelation of Nord Precious returns to help us make a trade decision. For example, suppose you find that Nord Precious 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 |
Nord Precious 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 Nord Precious stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nord Precious stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nord Precious stock over time.
Current vs Lagged Prices |
| Timeline |
Nord Precious Lagged Returns
When evaluating Nord Precious' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nord Precious stock have on its future price. Nord Precious 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, Nord Precious autocorrelation shows the relationship between Nord Precious stock current value and its past values and can show if there is a momentum factor associated with investing in Nord Precious Metals.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Nord Precious in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Nord Precious' short interest history, or implied volatility extrapolated from Nord Precious options trading.
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Complementary Tools for Nord Stock analysis
When running Nord Precious' price analysis, check to measure Nord Precious' 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 Nord Precious is operating at the current time. Most of Nord Precious' value examination focuses on studying past and present price action to predict the probability of Nord Precious' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nord Precious' price. Additionally, you may evaluate how the addition of Nord Precious to your portfolios can decrease your overall portfolio volatility.
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