Noram Lithium Corp Stock Market Value
| NRVTF Stock | USD 0.06 0 6.06% |
| Symbol | Noram |
Noram Lithium '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 Noram Lithium's 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 Noram Lithium.
| 10/01/2024 |
| 03/30/2025 |
If you would invest 0.00 in Noram Lithium on October 1, 2024 and sell it all today you would earn a total of 0.00 from holding Noram Lithium Corp or generate 0.0% return on investment in Noram Lithium over 180 days. Noram Lithium is related to or competes with Aurelia Metals, Patriot Battery, Critical Elements, Mundoro Capital, and Strategic Resources. Noram Lithium Corp. engages in the acquisition, exploration, and development of mineral properties in the United States More
Noram Lithium 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 Noram Lithium's 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 Noram Lithium Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.37 | |||
| Information Ratio | 0.0208 | |||
| Maximum Drawdown | 20.45 | |||
| Value At Risk | (7.35) | |||
| Potential Upside | 7.14 |
Noram Lithium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Noram Lithium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Noram Lithium's standard deviation. In reality, there are many statistical measures that can use Noram Lithium historical prices to predict the future Noram Lithium's volatility.| Risk Adjusted Performance | 0.0176 | |||
| Jensen Alpha | 0.0663 | |||
| Total Risk Alpha | 0.3245 | |||
| Sortino Ratio | 0.0175 | |||
| Treynor Ratio | 0.0831 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Noram Lithium'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.
Noram Lithium Corp Backtested Returns
At this point, Noram Lithium is out of control. Noram Lithium Corp has Sharpe Ratio of 0.0111, which conveys that the firm had a 0.0111 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Noram Lithium, which you can use to evaluate the volatility of the firm. Please verify Noram Lithium's Mean Deviation of 3.35, risk adjusted performance of 0.0176, and Downside Deviation of 5.37 to check out if the risk estimate we provide is consistent with the expected return of 0.0503%. The company secures a Beta (Market Risk) of 0.48, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Noram Lithium's returns are expected to increase less than the market. However, during the bear market, the loss of holding Noram Lithium is expected to be smaller as well. Noram Lithium Corp right now secures a risk of 4.53%. Please verify Noram Lithium Corp potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Noram Lithium Corp will be following its current price movements.
Auto-correlation | 0.46 |
Average predictability
Noram Lithium Corp has average predictability. Overlapping area represents the amount of predictability between Noram Lithium time series from 1st of October 2024 to 30th of December 2024 and 30th of December 2024 to 30th 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 Noram Lithium Corp price movement. The serial correlation of 0.46 indicates that about 46.0% of current Noram Lithium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Noram Lithium Corp lagged returns against current returns
Autocorrelation, which is Noram Lithium 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 Noram Lithium's otc stock expected returns. We can calculate the autocorrelation of Noram Lithium returns to help us make a trade decision. For example, suppose you find that Noram Lithium 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 |
Noram Lithium 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 Noram Lithium otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Noram Lithium otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Noram Lithium otc stock over time.
Current vs Lagged Prices |
| Timeline |
Noram Lithium Lagged Returns
When evaluating Noram Lithium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Noram Lithium otc stock have on its future price. Noram Lithium 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, Noram Lithium autocorrelation shows the relationship between Noram Lithium otc stock current value and its past values and can show if there is a momentum factor associated with investing in Noram Lithium Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Noram OTC Stock
Noram Lithium financial ratios help investors to determine whether Noram 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 Noram with respect to the benefits of owning Noram Lithium security.