Norden Crown Metals Stock Market Value
| NOCR Stock | CAD 0.05 0.00 0.00% |
| Symbol | Norden |
Norden Crown '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 Norden Crown'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 Norden Crown.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Norden Crown on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Norden Crown Metals or generate 0.0% return on investment in Norden Crown over 60 days. Norden Crown is related to or competes with Primaris Retail, Monument Mining, A W, Algonquin Power, Goodfood Market, NeXGold Mining, and Rogers Communications. Norden Crown Metals Corp., an exploration stage company, engages in the exploration of base and precious metals More
Norden Crown 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 Norden Crown'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 Norden Crown Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 70.83 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 14.29 |
Norden Crown Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Norden Crown's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Norden Crown's standard deviation. In reality, there are many statistical measures that can use Norden Crown historical prices to predict the future Norden Crown's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | 0.123 |
Norden Crown Metals Backtested Returns
At this stage we consider Norden Stock to be out of control. Norden Crown Metals has Sharpe Ratio of 0.0048, which conveys that the firm had a 0.0048% return per unit of risk over the last 3 months. We have found eighteen technical indicators for Norden Crown, which you can use to evaluate the volatility of the firm. Please verify Norden Crown's Risk Adjusted Performance of (0.01), standard deviation of 7.88, and Mean Deviation of 2.94 to check out if the risk estimate we provide is consistent with the expected return of 0.0383%. The company secures a Beta (Market Risk) of -1.55, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Norden Crown are expected to decrease by larger amounts. On the other hand, during market turmoil, Norden Crown is expected to outperform it. Norden Crown Metals right now secures a risk of 7.99%. Please verify Norden Crown Metals value at risk, skewness, rate of daily change, as well as the relationship between the potential upside and kurtosis , to decide if Norden Crown Metals will be following its current price movements.
Auto-correlation | 0.66 |
Good predictability
Norden Crown Metals has good predictability. Overlapping area represents the amount of predictability between Norden Crown time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 Norden Crown Metals price movement. The serial correlation of 0.66 indicates that around 66.0% of current Norden Crown price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Norden Crown Metals lagged returns against current returns
Autocorrelation, which is Norden Crown 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 Norden Crown's stock expected returns. We can calculate the autocorrelation of Norden Crown returns to help us make a trade decision. For example, suppose you find that Norden Crown 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 |
Norden Crown 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 Norden Crown stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Norden Crown stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Norden Crown stock over time.
Current vs Lagged Prices |
| Timeline |
Norden Crown Lagged Returns
When evaluating Norden Crown's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Norden Crown stock have on its future price. Norden Crown 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, Norden Crown autocorrelation shows the relationship between Norden Crown stock current value and its past values and can show if there is a momentum factor associated with investing in Norden Crown Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Norden Stock Analysis
When running Norden Crown's price analysis, check to measure Norden Crown'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 Norden Crown is operating at the current time. Most of Norden Crown's value examination focuses on studying past and present price action to predict the probability of Norden Crown's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Norden Crown's price. Additionally, you may evaluate how the addition of Norden Crown to your portfolios can decrease your overall portfolio volatility.