Nobel Resources Corp Stock Market Value
| NBTRF Stock | USD 0.03 0.00 0.00% |
| Symbol | Nobel |
Nobel 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 Nobel Resources' 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 Nobel Resources.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Nobel Resources on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Nobel Resources Corp or generate 0.0% return on investment in Nobel Resources over 90 days. Nobel Resources is related to or competes with Lotus Resources, Canada Nickel, Magna Mining, and Osisko Metals. Nobel Resources Corp. engages in the acquisition, exploration, and development of mineral properties More
Nobel 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 Nobel Resources' 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 Nobel Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0665 | |||
| Maximum Drawdown | 12.61 |
Nobel Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nobel Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nobel Resources' standard deviation. In reality, there are many statistical measures that can use Nobel Resources historical prices to predict the future Nobel Resources' volatility.| Risk Adjusted Performance | 0.0103 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | 0.3632 | |||
| Treynor Ratio | (0) |
Nobel Resources Corp Backtested Returns
At this point, Nobel Resources is out of control. Nobel Resources Corp has Sharpe Ratio of close to zero, which conveys that the firm had a close to zero % return per unit of risk over the last 3 months. We have found sixteen technical indicators for Nobel Resources, which you can use to evaluate the volatility of the firm. Please verify Nobel Resources' Mean Deviation of 0.3819, risk adjusted performance of 0.0103, and Standard Deviation of 2.15 to check out if the risk estimate we provide is consistent with the expected return of 0.0111%. The company secures a Beta (Market Risk) of -0.44, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nobel Resources are expected to decrease at a much lower rate. During the bear market, Nobel Resources is likely to outperform the market. Nobel Resources Corp right now secures a risk of 2.19%. Please verify Nobel Resources Corp mean deviation, treynor ratio, as well as the relationship between the Treynor Ratio and day median price , to decide if Nobel Resources Corp will be following its current price movements.
Auto-correlation | -0.42 |
Modest reverse predictability
Nobel Resources Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Nobel Resources time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 Nobel Resources Corp price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Nobel Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nobel Resources Corp lagged returns against current returns
Autocorrelation, which is Nobel Resources 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 Nobel Resources' pink sheet expected returns. We can calculate the autocorrelation of Nobel Resources returns to help us make a trade decision. For example, suppose you find that Nobel Resources 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 |
Nobel 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 Nobel Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nobel Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nobel Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nobel Resources Lagged Returns
When evaluating Nobel Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nobel Resources pink sheet have on its future price. Nobel 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, Nobel Resources autocorrelation shows the relationship between Nobel Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nobel Resources Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nobel Pink Sheet
Nobel Resources financial ratios help investors to determine whether Nobel 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 Nobel with respect to the benefits of owning Nobel Resources security.