Navarre Minerals (Australia) Market Value
| NML Stock | 0.14 0.01 7.69% |
| Symbol | Navarre |
Navarre Minerals '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 Navarre Minerals' 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 Navarre Minerals.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Navarre Minerals on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Navarre Minerals or generate 0.0% return on investment in Navarre Minerals over 30 days. Navarre Minerals is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, De Grey, Aneka Tambang, and Perseus Mining. Navarre Minerals is entity of Australia. It is traded as Stock on AU exchange. More
Navarre Minerals 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 Navarre Minerals' 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 Navarre Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 38.04 | |||
| Information Ratio | 0.1229 | |||
| Maximum Drawdown | 49998.95 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 10.0 |
Navarre Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Navarre Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Navarre Minerals' standard deviation. In reality, there are many statistical measures that can use Navarre Minerals historical prices to predict the future Navarre Minerals' volatility.| Risk Adjusted Performance | 0.1076 | |||
| Jensen Alpha | 773.5 | |||
| Total Risk Alpha | 573.87 | |||
| Sortino Ratio | 19.85 | |||
| Treynor Ratio | (0.96) |
Navarre Minerals Backtested Returns
Navarre Minerals is out of control given 3 months investment horizon. Navarre Minerals has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We were able to break down and interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 14.49% are justified by taking the suggested risk. Use Navarre Minerals Risk Adjusted Performance of 0.1076, mean deviation of 1489.24, and Coefficient Of Variation of 813.5 to evaluate company specific risk that cannot be diversified away. Navarre Minerals holds a performance score of 9 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -787.64, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Navarre Minerals are expected to decrease by larger amounts. On the other hand, during market turmoil, Navarre Minerals is expected to outperform it. Use Navarre Minerals potential upside, semi variance, and the relationship between the value at risk and downside variance , to analyze future returns on Navarre Minerals.
Auto-correlation | -0.05 |
Very weak reverse predictability
Navarre Minerals has very weak reverse predictability. Overlapping area represents the amount of predictability between Navarre Minerals time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 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 Navarre Minerals price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Navarre Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Navarre Minerals lagged returns against current returns
Autocorrelation, which is Navarre Minerals 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 Navarre Minerals' stock expected returns. We can calculate the autocorrelation of Navarre Minerals returns to help us make a trade decision. For example, suppose you find that Navarre Minerals 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 |
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Navarre Minerals 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 Navarre Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Navarre Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Navarre Minerals stock over time.
Current vs Lagged Prices |
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Navarre Minerals Lagged Returns
When evaluating Navarre Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Navarre Minerals stock have on its future price. Navarre Minerals 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, Navarre Minerals autocorrelation shows the relationship between Navarre Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Navarre Minerals.
Regressed Prices |
| Timeline |
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Additional Tools for Navarre Stock Analysis
When running Navarre Minerals' price analysis, check to measure Navarre Minerals' 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 Navarre Minerals is operating at the current time. Most of Navarre Minerals' value examination focuses on studying past and present price action to predict the probability of Navarre Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Navarre Minerals' price. Additionally, you may evaluate how the addition of Navarre Minerals to your portfolios can decrease your overall portfolio volatility.