Nobel29 Resources Corp Stock Market Value
| NBLC Stock | CAD 0.04 0.00 0.00% |
| Symbol | Nobel29 |
Nobel29 Resources '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 Nobel29 Resources' 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 Nobel29 Resources.
| 11/06/2024 |
| 01/05/2025 |
If you would invest 0.00 in Nobel29 Resources on November 6, 2024 and sell it all today you would earn a total of 0.00 from holding Nobel29 Resources Corp or generate 0.0% return on investment in Nobel29 Resources over 60 days. Nobel29 Resources is related to or competes with Emerita Resources, Ngx Energy, and Cassiar Gold. Nobel Resources Corp. engages in the exploration and production of copper in northern Chile More
Nobel29 Resources 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 Nobel29 Resources' 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 Nobel29 Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.31 | |||
| Information Ratio | 0.0237 | |||
| Maximum Drawdown | 52.86 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 11.11 |
Nobel29 Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nobel29 Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nobel29 Resources' standard deviation. In reality, there are many statistical measures that can use Nobel29 Resources historical prices to predict the future Nobel29 Resources' volatility.| Risk Adjusted Performance | 0.0303 | |||
| Jensen Alpha | 0.279 | |||
| Total Risk Alpha | 0.0935 | |||
| Sortino Ratio | 0.017 | |||
| Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nobel29 Resources' 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.
Nobel29 Resources Corp Backtested Returns
Nobel29 Resources appears to be out of control, given 3 months investment horizon. Nobel29 Resources Corp has Sharpe Ratio of 0.0261, which conveys that the firm had a 0.0261% return per unit of risk over the last 3 months. We have found twenty-five technical indicators for Nobel29 Resources, which you can use to evaluate the volatility of the firm. Please exercise Nobel29 Resources' Mean Deviation of 5.12, risk adjusted performance of 0.0303, and Downside Deviation of 13.31 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nobel29 Resources holds a performance score of 2. The company secures a Beta (Market Risk) of -3.29, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Nobel29 Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Nobel29 Resources is expected to outperform it. Please check Nobel29 Resources' coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to make a quick decision on whether Nobel29 Resources' current price movements will revert.
Auto-correlation | -0.36 |
Poor reverse predictability
Nobel29 Resources Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Nobel29 Resources time series from 6th of November 2024 to 6th of December 2024 and 6th of December 2024 to 5th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nobel29 Resources Corp price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Nobel29 Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nobel29 Resources Corp lagged returns against current returns
Autocorrelation, which is Nobel29 Resources 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 Nobel29 Resources' stock expected returns. We can calculate the autocorrelation of Nobel29 Resources returns to help us make a trade decision. For example, suppose you find that Nobel29 Resources 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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Nobel29 Resources 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 Nobel29 Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nobel29 Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nobel29 Resources stock over time.
Current vs Lagged Prices |
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Nobel29 Resources Lagged Returns
When evaluating Nobel29 Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nobel29 Resources stock have on its future price. Nobel29 Resources 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, Nobel29 Resources autocorrelation shows the relationship between Nobel29 Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Nobel29 Resources Corp.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for Nobel29 Stock Analysis
When running Nobel29 Resources' price analysis, check to measure Nobel29 Resources' 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 Nobel29 Resources is operating at the current time. Most of Nobel29 Resources' value examination focuses on studying past and present price action to predict the probability of Nobel29 Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nobel29 Resources' price. Additionally, you may evaluate how the addition of Nobel29 Resources to your portfolios can decrease your overall portfolio volatility.