North Arrow Minerals Stock Market Value
| NAR Stock | CAD 0.14 0.04 22.22% |
| Symbol | North |
North Arrow Minerals Price To Book Ratio
North Arrow '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 North Arrow'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 North Arrow.
| 09/04/2024 |
| 12/03/2024 |
If you would invest 0.00 in North Arrow on September 4, 2024 and sell it all today you would earn a total of 0.00 from holding North Arrow Minerals or generate 0.0% return on investment in North Arrow over 90 days. North Arrow is related to or competes with Morien Resources. North Arrow Minerals Inc. engages in the acquisition and exploration of diamond properties in Canada More
North Arrow 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 North Arrow'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 North Arrow Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 28.57 |
North Arrow Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for North Arrow's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as North Arrow's standard deviation. In reality, there are many statistical measures that can use North Arrow historical prices to predict the future North Arrow's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.74) | |||
| Total Risk Alpha | (2.33) | |||
| Treynor Ratio | (0.08) |
North Arrow Minerals Backtested Returns
North Arrow appears to be out of control, given 3 months investment horizon. North Arrow Minerals has Sharpe Ratio of 0.0159, which conveys that the firm had a 0.0159% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for North Arrow, which you can use to evaluate the volatility of the firm. Please exercise North Arrow's Mean Deviation of 6.81, risk adjusted performance of (0.01), and Standard Deviation of 13.51 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, North Arrow holds a performance score of 1. The company secures a Beta (Market Risk) of 3.72, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, North Arrow will likely underperform. Please check North Arrow's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to make a quick decision on whether North Arrow's current price movements will revert.
Auto-correlation | 0.59 |
Modest predictability
North Arrow Minerals has modest predictability. Overlapping area represents the amount of predictability between North Arrow time series from 4th of September 2024 to 19th of October 2024 and 19th of October 2024 to 3rd 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 North Arrow Minerals price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current North Arrow price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
North Arrow Minerals lagged returns against current returns
Autocorrelation, which is North Arrow 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 North Arrow's stock expected returns. We can calculate the autocorrelation of North Arrow returns to help us make a trade decision. For example, suppose you find that North Arrow 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 |
North Arrow 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 North Arrow stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if North Arrow stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in North Arrow stock over time.
Current vs Lagged Prices |
| Timeline |
North Arrow Lagged Returns
When evaluating North Arrow's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of North Arrow stock have on its future price. North Arrow 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, North Arrow autocorrelation shows the relationship between North Arrow stock current value and its past values and can show if there is a momentum factor associated with investing in North Arrow Minerals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for North Stock Analysis
When running North Arrow's price analysis, check to measure North Arrow'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 North Arrow is operating at the current time. Most of North Arrow's value examination focuses on studying past and present price action to predict the probability of North Arrow's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move North Arrow's price. Additionally, you may evaluate how the addition of North Arrow to your portfolios can decrease your overall portfolio volatility.