Northisle Copper And Stock Market Value
| NCX Stock | CAD 0.41 0.01 2.38% |
| Symbol | NorthIsle |
NorthIsle Copper Price To Book Ratio
NorthIsle Copper '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 NorthIsle Copper'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 NorthIsle Copper.
| 01/09/2023 |
| 12/29/2024 |
If you would invest 0.00 in NorthIsle Copper on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding NorthIsle Copper and or generate 0.0% return on investment in NorthIsle Copper over 720 days. NorthIsle Copper is related to or competes with Midnight Sun. NorthIsle Copper and Gold Inc., a junior resource company, engages in the exploration and development of mineral propert... More
NorthIsle Copper 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 NorthIsle Copper'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 NorthIsle Copper and upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 21.3 | |||
| Value At Risk | (6.38) | |||
| Potential Upside | 6.82 |
NorthIsle Copper Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NorthIsle Copper's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NorthIsle Copper's standard deviation. In reality, there are many statistical measures that can use NorthIsle Copper historical prices to predict the future NorthIsle Copper's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 1.8 |
NorthIsle Copper Backtested Returns
NorthIsle Copper has Sharpe Ratio of -0.0476, which conveys that the firm had a -0.0476% return per unit of risk over the last 3 months. NorthIsle Copper exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NorthIsle Copper's Standard Deviation of 4.13, risk adjusted performance of (0.03), and Mean Deviation of 3.0 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NorthIsle Copper are expected to decrease at a much lower rate. During the bear market, NorthIsle Copper is likely to outperform the market. At this point, NorthIsle Copper has a negative expected return of -0.2%. Please make sure to verify NorthIsle Copper's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if NorthIsle Copper performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.02 |
Virtually no predictability
NorthIsle Copper and has virtually no predictability. Overlapping area represents the amount of predictability between NorthIsle Copper time series from 9th of January 2023 to 4th of January 2024 and 4th of January 2024 to 29th of December 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 NorthIsle Copper price movement. The serial correlation of 0.02 indicates that only 2.0% of current NorthIsle Copper price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NorthIsle Copper lagged returns against current returns
Autocorrelation, which is NorthIsle Copper 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 NorthIsle Copper's stock expected returns. We can calculate the autocorrelation of NorthIsle Copper returns to help us make a trade decision. For example, suppose you find that NorthIsle Copper 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 |
NorthIsle Copper 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 NorthIsle Copper stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NorthIsle Copper stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NorthIsle Copper stock over time.
Current vs Lagged Prices |
| Timeline |
NorthIsle Copper Lagged Returns
When evaluating NorthIsle Copper's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NorthIsle Copper stock have on its future price. NorthIsle Copper 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, NorthIsle Copper autocorrelation shows the relationship between NorthIsle Copper stock current value and its past values and can show if there is a momentum factor associated with investing in NorthIsle Copper and.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for NorthIsle Stock Analysis
When running NorthIsle Copper's price analysis, check to measure NorthIsle Copper'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 NorthIsle Copper is operating at the current time. Most of NorthIsle Copper's value examination focuses on studying past and present price action to predict the probability of NorthIsle Copper's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NorthIsle Copper's price. Additionally, you may evaluate how the addition of NorthIsle Copper to your portfolios can decrease your overall portfolio volatility.