Northern Sphere Mining Stock Market Value
| NSMCF Stock | USD 0.0001 0.00 0.00% |
| Symbol | Northern |
Northern Sphere '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 Northern Sphere's pink sheet 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 Northern Sphere.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Northern Sphere on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Northern Sphere Mining or generate 0.0% return on investment in Northern Sphere over 30 days. Northern Sphere Mining Corp., a mineral exploration company, focuses on the acquisition, exploration, and development of... More
Northern Sphere 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 Northern Sphere's pink sheet 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 Northern Sphere Mining upside and downside potential and time the market with a certain degree of confidence.
Northern Sphere Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Sphere's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Sphere's standard deviation. In reality, there are many statistical measures that can use Northern Sphere historical prices to predict the future Northern Sphere's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northern Sphere's 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.
Northern Sphere Mining Backtested Returns
We have found three technical indicators for Northern Sphere, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Northern Sphere are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Northern Sphere Mining has no correlation between past and present. Overlapping area represents the amount of predictability between Northern Sphere time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Northern Sphere Mining price movement. The serial correlation of 0.0 indicates that just 0.0% of current Northern Sphere price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Northern Sphere Mining lagged returns against current returns
Autocorrelation, which is Northern Sphere pink sheet'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 Northern Sphere's pink sheet expected returns. We can calculate the autocorrelation of Northern Sphere returns to help us make a trade decision. For example, suppose you find that Northern Sphere has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Northern Sphere 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 Northern Sphere pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Sphere pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northern Sphere pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Northern Sphere Lagged Returns
When evaluating Northern Sphere's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Sphere pink sheet have on its future price. Northern Sphere 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, Northern Sphere autocorrelation shows the relationship between Northern Sphere pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Northern Sphere Mining.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Northern Pink Sheet
Northern Sphere financial ratios help investors to determine whether Northern Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Northern with respect to the benefits of owning Northern Sphere security.