Nubian Resources Stock Market Value
| NBR Stock | CAD 0.07 0.01 16.67% |
| Symbol | Nubian |
Nubian Resources Price To Book Ratio
Nubian 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 Nubian 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 Nubian Resources.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Nubian Resources on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Nubian Resources or generate 0.0% return on investment in Nubian Resources over 360 days. Nubian Resources is related to or competes with Foraco International, Geodrill, Major Drilling, and Bri Chem. Nubian Resources Ltd. engages in the exploration and evaluation of mineral properties in Canada, the United States, and ... More
Nubian 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 Nubian 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 Nubian Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 17.09 | |||
| Information Ratio | 0.0881 | |||
| Maximum Drawdown | 85.0 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 20.0 |
Nubian Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nubian Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nubian Resources' standard deviation. In reality, there are many statistical measures that can use Nubian Resources historical prices to predict the future Nubian Resources' volatility.| Risk Adjusted Performance | 0.0799 | |||
| Jensen Alpha | 1.17 | |||
| Total Risk Alpha | (0.81) | |||
| Sortino Ratio | 0.068 | |||
| Treynor Ratio | 1.39 |
Nubian Resources Backtested Returns
Nubian Resources is out of control given 3 months investment horizon. Nubian Resources has Sharpe Ratio of 0.0989, which conveys that the firm had a 0.0989% return per unit of risk over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.3% are justified by taking the suggested risk. Use Nubian Resources Risk Adjusted Performance of 0.0799, mean deviation of 7.9, and Downside Deviation of 17.09 to evaluate company specific risk that cannot be diversified away. Nubian Resources holds a performance score of 7 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 0.92, which conveys possible diversification benefits within a given portfolio. Nubian Resources returns are very sensitive to returns on the market. As the market goes up or down, Nubian Resources is expected to follow. Use Nubian Resources information ratio, downside variance, day typical price, as well as the relationship between the treynor ratio and kurtosis , to analyze future returns on Nubian Resources.
Auto-correlation | 0.00 |
No correlation between past and present
Nubian Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Nubian Resources time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Nubian Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Nubian Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nubian Resources lagged returns against current returns
Autocorrelation, which is Nubian 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 Nubian Resources' stock expected returns. We can calculate the autocorrelation of Nubian Resources returns to help us make a trade decision. For example, suppose you find that Nubian 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 |
| Timeline |
Nubian 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 Nubian Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nubian Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nubian Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Nubian Resources Lagged Returns
When evaluating Nubian Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nubian Resources stock have on its future price. Nubian 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, Nubian Resources autocorrelation shows the relationship between Nubian Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Nubian Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Nubian Stock Analysis
When running Nubian Resources' price analysis, check to measure Nubian 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 Nubian Resources is operating at the current time. Most of Nubian Resources' value examination focuses on studying past and present price action to predict the probability of Nubian Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nubian Resources' price. Additionally, you may evaluate how the addition of Nubian Resources to your portfolios can decrease your overall portfolio volatility.