Ngex Minerals Stock Market Value
| NGXXF Stock | USD 9.81 0.30 3.15% |
| Symbol | NGEx |
NGEx Minerals '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 NGEx Minerals' otc 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 NGEx Minerals.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in NGEx Minerals on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding NGEx Minerals or generate 0.0% return on investment in NGEx Minerals over 30 days. NGEx Minerals is related to or competes with Boss Resources, Global Atomic, Alphamin Resources, Metals X, Minsud Resources, Aldebaran Resources, and Lotus Resources. NGEx Minerals Ltd. engages in the acquisition, exploration, and development of mineral properties in Chile and Argentina More
NGEx Minerals 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 NGEx Minerals' otc 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 NGEx Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.15 | |||
| Information Ratio | 0.0663 | |||
| Maximum Drawdown | 10.24 | |||
| Value At Risk | (3.21) | |||
| Potential Upside | 4.28 |
NGEx Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NGEx Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NGEx Minerals' standard deviation. In reality, there are many statistical measures that can use NGEx Minerals historical prices to predict the future NGEx Minerals' volatility.| Risk Adjusted Performance | 0.0567 | |||
| Jensen Alpha | 0.1457 | |||
| Total Risk Alpha | 0.1644 | |||
| Sortino Ratio | 0.07 | |||
| Treynor Ratio | 0.7675 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NGEx Minerals' 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.
NGEx Minerals Backtested Returns
NGEx Minerals appears to be not too volatile, given 3 months investment horizon. NGEx Minerals has Sharpe Ratio of 0.0841, which conveys that the firm had a 0.0841 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for NGEx Minerals, which you can use to evaluate the volatility of the firm. Please exercise NGEx Minerals' risk adjusted performance of 0.0567, and Mean Deviation of 1.82 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NGEx Minerals holds a performance score of 6. The company secures a Beta (Market Risk) of 0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NGEx Minerals' returns are expected to increase less than the market. However, during the bear market, the loss of holding NGEx Minerals is expected to be smaller as well. Please check NGEx Minerals' potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether NGEx Minerals' current price movements will revert.
Auto-correlation | -0.19 |
Insignificant reverse predictability
NGEx Minerals has insignificant reverse predictability. Overlapping area represents the amount of predictability between NGEx Minerals time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 NGEx Minerals price movement. The serial correlation of -0.19 indicates that over 19.0% of current NGEx Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
NGEx Minerals lagged returns against current returns
Autocorrelation, which is NGEx Minerals otc 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 NGEx Minerals' otc stock expected returns. We can calculate the autocorrelation of NGEx Minerals returns to help us make a trade decision. For example, suppose you find that NGEx Minerals has exhibited high autocorrelation historically, and you observe that the otc 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 |
NGEx Minerals 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 NGEx Minerals otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NGEx Minerals otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NGEx Minerals otc stock over time.
Current vs Lagged Prices |
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NGEx Minerals Lagged Returns
When evaluating NGEx Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NGEx Minerals otc stock have on its future price. NGEx Minerals 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, NGEx Minerals autocorrelation shows the relationship between NGEx Minerals otc stock current value and its past values and can show if there is a momentum factor associated with investing in NGEx Minerals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NGEx OTC Stock
NGEx Minerals financial ratios help investors to determine whether NGEx OTC Stock 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 NGEx with respect to the benefits of owning NGEx Minerals security.