Northern Minerals (Germany) Market Value
| NUN Stock | EUR 0.01 0.0004 4.35% |
| Symbol | Northern |
Northern 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 Northern Minerals' 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 Northern Minerals.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in Northern Minerals on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding Northern Minerals Limited or generate 0.0% return on investment in Northern Minerals over 30 days. Northern Minerals is related to or competes with UNIQA INSURANCE, Japan Post, Alstria Office, 24SEVENOFFICE GROUP, Direct Line, Corporate Office, and Vienna Insurance. Northern Minerals Limited engages in the exploration and evaluation of rare earth element mineral interests in Australia More
Northern 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 Northern Minerals' 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 Northern Minerals Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.79 | |||
| Information Ratio | 0.0465 | |||
| Maximum Drawdown | 68.68 | |||
| Value At Risk | (14.55) | |||
| Potential Upside | 20.93 |
Northern Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Minerals' standard deviation. In reality, there are many statistical measures that can use Northern Minerals historical prices to predict the future Northern Minerals' volatility.| Risk Adjusted Performance | 0.0511 | |||
| Jensen Alpha | 0.6244 | |||
| Total Risk Alpha | 0.2057 | |||
| Sortino Ratio | 0.0399 | |||
| Treynor Ratio | (0.15) |
Northern Minerals Backtested Returns
Northern Minerals appears to be out of control, given 3 months investment horizon. Northern Minerals has Sharpe Ratio of 0.0427, which conveys that the firm had a 0.0427 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Northern Minerals, which you can use to evaluate the volatility of the firm. Please exercise Northern Minerals' Mean Deviation of 6.9, risk adjusted performance of 0.0511, and Downside Deviation of 12.79 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Northern Minerals holds a performance score of 3. The company secures a Beta (Market Risk) of -3.53, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Northern Minerals are expected to decrease by larger amounts. On the other hand, during market turmoil, Northern Minerals is expected to outperform it. Please check Northern Minerals' downside variance, kurtosis, and the relationship between the value at risk and expected short fall , to make a quick decision on whether Northern Minerals' current price movements will revert.
Auto-correlation | -0.84 |
Excellent reverse predictability
Northern Minerals Limited has excellent reverse predictability. Overlapping area represents the amount of predictability between Northern Minerals time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd 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 Northern Minerals price movement. The serial correlation of -0.84 indicates that around 84.0% of current Northern Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Northern Minerals lagged returns against current returns
Autocorrelation, which is Northern Minerals 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 Northern Minerals' stock expected returns. We can calculate the autocorrelation of Northern Minerals returns to help us make a trade decision. For example, suppose you find that Northern Minerals 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 |
Northern 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 Northern Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northern Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Northern Minerals Lagged Returns
When evaluating Northern Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Minerals stock have on its future price. Northern 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, Northern Minerals autocorrelation shows the relationship between Northern Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Northern Minerals Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Northern Stock
Northern Minerals financial ratios help investors to determine whether Northern 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 Northern with respect to the benefits of owning Northern Minerals security.