Norsemont Mining Stock Price on November 22, 2023
| NRRSF Stock | USD 0.14 0.01 6.67% |
If you're considering investing in Norsemont Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Norsemont Mining stands at 0.14, as last reported on the 11th of December 2024, with the highest price reaching 0.14 and the lowest price hitting 0.14 during the day. Norsemont Mining is out of control given 3 months investment horizon. Norsemont Mining has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We are able to interpolate and collect twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.27% are justified by taking the suggested risk. Use Norsemont Mining Mean Deviation of 6.05, downside deviation of 8.57, and Risk Adjusted Performance of 0.0896 to evaluate company specific risk that cannot be diversified away.
Norsemont Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Norsemont |
Sharpe Ratio = 0.1336
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Estimated Market Risk
| 9.54 actual daily | 84 84% of assets are less volatile |
Expected Return
| 1.27 actual daily | 25 75% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Norsemont Mining is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Norsemont Mining by adding it to a well-diversified portfolio.
Norsemont Mining Valuation on November 22, 2023
It is possible to determine the worth of Norsemont Mining on a given historical date. On November 22, 2023 Norsemont was worth 0.09 at the beginning of the trading date compared to the closed value of 0.09. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Norsemont Mining pink sheet. Still, in general, we apply an absolute valuation method to find Norsemont Mining's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Norsemont Mining where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Norsemont Mining's related companies.
| Open | High | Low | Close | Volume | |
| 0.08 | 0.08 | 0.08 | 0.08 | 1.00 | |
11/22/2023 | 0.09 | 0.09 | 0.09 | 0.09 | 4,000 |
| 0.09 | 0.09 | 0.08 | 0.08 | 77,600 |
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Norsemont Mining Trading Date Momentum on November 22, 2023
| On November 24 2023 Norsemont Mining was traded for 0.08 at the closing time. The highest daily price throughout the period was 0.09 and the lowest price was 0.08 . The daily volume was 77.6 K. The net trading volume on 11/24/2023 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 10.00% . The trading delta at closing time to current closing price is 5.56% . |
Norsemont Mining Fundamentals Correlations and Trends
By evaluating Norsemont Mining's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Norsemont Mining's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Norsemont financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Norsemont Mining Pink Sheet history
Norsemont Mining investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Norsemont is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Norsemont Mining will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Norsemont Mining stock prices may prove useful in developing a viable investing in Norsemont Mining
Norsemont Mining Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral resource properties. Norsemont Mining Inc. was incorporated in 2000 and is headquartered in Vancouver, Canada. Norsemont Mining is traded on OTC Exchange in the United States.
Norsemont Mining Pink Sheet Technical Analysis
Norsemont Mining technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.
Price Boundaries
Norsemont Mining Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
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Norsemont Mining December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Norsemont Mining pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Norsemont Mining shares will generate the highest return on investment. By undertsting and applying Norsemont Mining pink sheet market strength indicators, traders can identify Norsemont Mining entry and exit signals to maximize returns
Norsemont Mining Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Norsemont Mining's price direction in advance. Along with the technical and fundamental analysis of Norsemont Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Norsemont to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0896 | |||
| Jensen Alpha | 1.33 | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | 0.108 | |||
| Treynor Ratio | (0.40) |
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Complementary Tools for Norsemont Pink Sheet analysis
When running Norsemont Mining's price analysis, check to measure Norsemont Mining'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 Norsemont Mining is operating at the current time. Most of Norsemont Mining's value examination focuses on studying past and present price action to predict the probability of Norsemont Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Norsemont Mining's price. Additionally, you may evaluate how the addition of Norsemont Mining to your portfolios can decrease your overall portfolio volatility.
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