Nortec Minerals Corp Stock Market Value
| NVT Stock | CAD 0.02 0.00 0.00% |
| Symbol | Nortec |
Nortec 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 Nortec 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 Nortec Minerals.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Nortec Minerals on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Nortec Minerals Corp or generate 0.0% return on investment in Nortec Minerals over 30 days. Nortec Minerals is related to or competes with Outcrop Gold, and Grande Portage. Nortec Minerals Corp. engages in the exploration and development of mineral properties More
Nortec 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 Nortec 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 Nortec Minerals Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0296 | |||
| Maximum Drawdown | 83.33 |
Nortec Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nortec Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nortec Minerals' standard deviation. In reality, there are many statistical measures that can use Nortec Minerals historical prices to predict the future Nortec Minerals' volatility.| Risk Adjusted Performance | 0.0358 | |||
| Jensen Alpha | 0.2475 | |||
| Total Risk Alpha | 0.0339 | |||
| Treynor Ratio | (1.07) |
Nortec Minerals Corp Backtested Returns
Nortec Minerals appears to be out of control, given 3 months investment horizon. Nortec Minerals Corp has Sharpe Ratio of 0.0342, which conveys that the firm had a 0.0342% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Nortec Minerals, which you can use to evaluate the volatility of the firm. Please exercise Nortec Minerals' Mean Deviation of 1.51, standard deviation of 7.45, and Risk Adjusted Performance of 0.0358 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nortec Minerals holds a performance score of 2. The company secures a Beta (Market Risk) of -0.23, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nortec Minerals are expected to decrease at a much lower rate. During the bear market, Nortec Minerals is likely to outperform the market. Please check Nortec Minerals' risk adjusted performance, variance, as well as the relationship between the Variance and kurtosis , to make a quick decision on whether Nortec Minerals' current price movements will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Nortec Minerals Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Nortec Minerals time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Nortec Minerals Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Nortec Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nortec Minerals Corp lagged returns against current returns
Autocorrelation, which is Nortec 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 Nortec Minerals' stock expected returns. We can calculate the autocorrelation of Nortec Minerals returns to help us make a trade decision. For example, suppose you find that Nortec 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 |
Nortec 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 Nortec Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nortec Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nortec Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Nortec Minerals Lagged Returns
When evaluating Nortec Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nortec Minerals stock have on its future price. Nortec 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, Nortec Minerals autocorrelation shows the relationship between Nortec Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Nortec Minerals Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Nortec Stock Analysis
When running Nortec Minerals' price analysis, check to measure Nortec Minerals' 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 Nortec Minerals is operating at the current time. Most of Nortec Minerals' value examination focuses on studying past and present price action to predict the probability of Nortec Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nortec Minerals' price. Additionally, you may evaluate how the addition of Nortec Minerals to your portfolios can decrease your overall portfolio volatility.