Namibia Critical Metals Stock Market Value
| NMREF Stock | USD 0.02 0 9.09% |
| Symbol | Namibia |
Namibia Critical '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 Namibia Critical's 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 Namibia Critical.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Namibia Critical on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Namibia Critical Metals or generate 0.0% return on investment in Namibia Critical over 360 days. Namibia Critical is related to or competes with Azimut Exploration, and FPX Nickel. Namibia Critical Metals Inc., together with its subsidiaries, engages in the exploration and development of critical met... More
Namibia Critical 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 Namibia Critical's 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 Namibia Critical Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 39.97 | |||
| Value At Risk | (13.64) | |||
| Potential Upside | 16.67 |
Namibia Critical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Namibia Critical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Namibia Critical's standard deviation. In reality, there are many statistical measures that can use Namibia Critical historical prices to predict the future Namibia Critical's volatility.| Risk Adjusted Performance | 0.0086 | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (1.50) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Namibia Critical's 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.
Namibia Critical Metals Backtested Returns
Namibia Critical Metals has Sharpe Ratio of -0.0041, which conveys that the firm had a -0.0041% return per unit of risk over the last 3 months. Namibia Critical exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Namibia Critical's Risk Adjusted Performance of 0.0086, mean deviation of 6.15, and Standard Deviation of 8.87 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 2.1, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Namibia Critical will likely underperform. At this point, Namibia Critical Metals has a negative expected return of -0.037%. Please make sure to verify Namibia Critical's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Namibia Critical Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Namibia Critical Metals has average predictability. Overlapping area represents the amount of predictability between Namibia Critical time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Namibia Critical Metals price movement. The serial correlation of 0.47 indicates that about 47.0% of current Namibia Critical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Namibia Critical Metals lagged returns against current returns
Autocorrelation, which is Namibia Critical 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 Namibia Critical's pink sheet expected returns. We can calculate the autocorrelation of Namibia Critical returns to help us make a trade decision. For example, suppose you find that Namibia Critical 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 |
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Namibia Critical 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 Namibia Critical pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Namibia Critical pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Namibia Critical pink sheet over time.
Current vs Lagged Prices |
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Namibia Critical Lagged Returns
When evaluating Namibia Critical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Namibia Critical pink sheet have on its future price. Namibia Critical 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, Namibia Critical autocorrelation shows the relationship between Namibia Critical pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Namibia Critical Metals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Namibia Pink Sheet
Namibia Critical financial ratios help investors to determine whether Namibia 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 Namibia with respect to the benefits of owning Namibia Critical security.