Nevada Sunrise Gold Stock Market Value
| NEV Stock | CAD 0.02 0.00 0.00% |
| Symbol | Nevada |
Nevada Sunrise Gold Price To Book Ratio
Nevada Sunrise '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 Nevada Sunrise'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 Nevada Sunrise.
| 12/31/2022 |
| 12/20/2024 |
If you would invest 0.00 in Nevada Sunrise on December 31, 2022 and sell it all today you would earn a total of 0.00 from holding Nevada Sunrise Gold or generate 0.0% return on investment in Nevada Sunrise over 720 days. Nevada Sunrise is related to or competes with Pure Energy, and Palamina Corp. Nevada Sunrise Gold Corporation, a junior mineral exploration company, engages in the acquisition, exploration, and eval... More
Nevada Sunrise 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 Nevada Sunrise'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 Nevada Sunrise Gold upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0294 | |||
| Maximum Drawdown | 83.33 |
Nevada Sunrise Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nevada Sunrise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nevada Sunrise's standard deviation. In reality, there are many statistical measures that can use Nevada Sunrise historical prices to predict the future Nevada Sunrise's volatility.| Risk Adjusted Performance | 0.0359 | |||
| Jensen Alpha | 0.2817 | |||
| Total Risk Alpha | 0.0228 | |||
| Treynor Ratio | (0.15) |
Nevada Sunrise Gold Backtested Returns
Nevada Sunrise appears to be out of control, given 3 months investment horizon. Nevada Sunrise Gold has Sharpe Ratio of 0.0347, which conveys that the firm had a 0.0347% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Nevada Sunrise, which you can use to evaluate the volatility of the firm. Please exercise Nevada Sunrise's Risk Adjusted Performance of 0.0359, mean deviation of 1.51, and Standard Deviation of 7.45 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nevada Sunrise holds a performance score of 2. The company secures a Beta (Market Risk) of -1.67, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Nevada Sunrise are expected to decrease by larger amounts. On the other hand, during market turmoil, Nevada Sunrise is expected to outperform it. Please check Nevada Sunrise's variance, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Nevada Sunrise's current price movements will revert.
Auto-correlation | 0.88 |
Very good predictability
Nevada Sunrise Gold has very good predictability. Overlapping area represents the amount of predictability between Nevada Sunrise time series from 31st of December 2022 to 26th of December 2023 and 26th of December 2023 to 20th 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 Nevada Sunrise Gold price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Nevada Sunrise price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nevada Sunrise Gold lagged returns against current returns
Autocorrelation, which is Nevada Sunrise 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 Nevada Sunrise's stock expected returns. We can calculate the autocorrelation of Nevada Sunrise returns to help us make a trade decision. For example, suppose you find that Nevada Sunrise 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 |
Nevada Sunrise 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 Nevada Sunrise stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nevada Sunrise stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nevada Sunrise stock over time.
Current vs Lagged Prices |
| Timeline |
Nevada Sunrise Lagged Returns
When evaluating Nevada Sunrise's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nevada Sunrise stock have on its future price. Nevada Sunrise 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, Nevada Sunrise autocorrelation shows the relationship between Nevada Sunrise stock current value and its past values and can show if there is a momentum factor associated with investing in Nevada Sunrise Gold.
Regressed Prices |
| Timeline |
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Additional Tools for Nevada Stock Analysis
When running Nevada Sunrise's price analysis, check to measure Nevada Sunrise'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 Nevada Sunrise is operating at the current time. Most of Nevada Sunrise's value examination focuses on studying past and present price action to predict the probability of Nevada Sunrise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nevada Sunrise's price. Additionally, you may evaluate how the addition of Nevada Sunrise to your portfolios can decrease your overall portfolio volatility.