Native Mineral (Australia) Market Value
| NMR Stock | 0.07 0 4.48% |
| Symbol | Native |
Native Mineral '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 Native Mineral'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 Native Mineral.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Native Mineral on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Native Mineral Resources or generate 0.0% return on investment in Native Mineral over 90 days. Native Mineral is related to or competes with Tombador Iron, Champion Iron, and Vulcan Steel. Native Mineral is entity of Australia. It is traded as Stock on AU exchange. More
Native Mineral 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 Native Mineral'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 Native Mineral Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.65 | |||
| Information Ratio | 0.2215 | |||
| Maximum Drawdown | 43.45 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 12.9 |
Native Mineral Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Native Mineral's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Native Mineral's standard deviation. In reality, there are many statistical measures that can use Native Mineral historical prices to predict the future Native Mineral's volatility.| Risk Adjusted Performance | 0.189 | |||
| Jensen Alpha | 1.39 | |||
| Total Risk Alpha | 2.27 | |||
| Sortino Ratio | 0.2281 | |||
| Treynor Ratio | (8.68) |
Native Mineral Resources Backtested Returns
Native Mineral is out of control given 3 months investment horizon. Native Mineral Resources has Sharpe Ratio of 0.23, which conveys that the firm had a 0.23 % return per unit of risk over the last 3 months. We were able to interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.54% are justified by taking the suggested risk. Use Native Mineral Resources Downside Deviation of 6.65, risk adjusted performance of 0.189, and Mean Deviation of 5.05 to evaluate company specific risk that cannot be diversified away. Native Mineral holds a performance score of 17 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Native Mineral are expected to decrease at a much lower rate. During the bear market, Native Mineral is likely to outperform the market. Use Native Mineral Resources maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to analyze future returns on Native Mineral Resources.
Auto-correlation | 0.71 |
Good predictability
Native Mineral Resources has good predictability. Overlapping area represents the amount of predictability between Native Mineral 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 Native Mineral Resources price movement. The serial correlation of 0.71 indicates that around 71.0% of current Native Mineral price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Native Mineral Resources lagged returns against current returns
Autocorrelation, which is Native Mineral 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 Native Mineral's stock expected returns. We can calculate the autocorrelation of Native Mineral returns to help us make a trade decision. For example, suppose you find that Native Mineral 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 |
Native Mineral 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 Native Mineral stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Native Mineral stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Native Mineral stock over time.
Current vs Lagged Prices |
| Timeline |
Native Mineral Lagged Returns
When evaluating Native Mineral's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Native Mineral stock have on its future price. Native Mineral 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, Native Mineral autocorrelation shows the relationship between Native Mineral stock current value and its past values and can show if there is a momentum factor associated with investing in Native Mineral Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Native Stock Analysis
When running Native Mineral's price analysis, check to measure Native Mineral'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 Native Mineral is operating at the current time. Most of Native Mineral's value examination focuses on studying past and present price action to predict the probability of Native Mineral's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Native Mineral's price. Additionally, you may evaluate how the addition of Native Mineral to your portfolios can decrease your overall portfolio volatility.