Nuinsco Resources Limited Stock Market Value
| NWIFF Stock | USD 0 0.0001 6.25% |
| Symbol | Nuinsco |
Nuinsco Resources '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 Nuinsco Resources' 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 Nuinsco Resources.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Nuinsco Resources on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Nuinsco Resources Limited or generate 0.0% return on investment in Nuinsco Resources over 30 days. Nuinsco Resources is related to or competes with South32, NioCorp Developments, HUMANA, SCOR PK, Ab Pennsylvania, Small Cap, and Thrivent High. Nuinsco Resources Limited acquires, explores for, and evaluates properties for precious and base metals More
Nuinsco Resources 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 Nuinsco Resources' 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 Nuinsco Resources Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 38.4 | |||
| Information Ratio | 0.0434 | |||
| Maximum Drawdown | 247.08 | |||
| Value At Risk | (11.76) |
Nuinsco Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuinsco Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuinsco Resources' standard deviation. In reality, there are many statistical measures that can use Nuinsco Resources historical prices to predict the future Nuinsco Resources' volatility.| Risk Adjusted Performance | 0.0468 | |||
| Jensen Alpha | 1.34 | |||
| Total Risk Alpha | (3.26) | |||
| Sortino Ratio | 0.0311 | |||
| Treynor Ratio | (11.39) |
Nuinsco Resources Backtested Returns
Nuinsco Resources is out of control given 3 months investment horizon. Nuinsco Resources has Sharpe Ratio of 0.0488, which conveys that the firm had a 0.0488% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-six different technical indicators, which can help you to evaluate if expected returns of 1.35% are justified by taking the suggested risk. Use Nuinsco Resources Downside Deviation of 38.4, mean deviation of 8.01, and Risk Adjusted Performance of 0.0468 to evaluate company specific risk that cannot be diversified away. Nuinsco Resources holds a performance score of 3 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nuinsco Resources are expected to decrease at a much lower rate. During the bear market, Nuinsco Resources is likely to outperform the market. Use Nuinsco Resources downside variance, rate of daily change, and the relationship between the treynor ratio and skewness , to analyze future returns on Nuinsco Resources.
Auto-correlation | 0.74 |
Good predictability
Nuinsco Resources Limited has good predictability. Overlapping area represents the amount of predictability between Nuinsco Resources time series from 1st of November 2024 to 16th of November 2024 and 16th of November 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 Nuinsco Resources price movement. The serial correlation of 0.74 indicates that around 74.0% of current Nuinsco Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nuinsco Resources lagged returns against current returns
Autocorrelation, which is Nuinsco Resources 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 Nuinsco Resources' pink sheet expected returns. We can calculate the autocorrelation of Nuinsco Resources returns to help us make a trade decision. For example, suppose you find that Nuinsco Resources 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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Nuinsco Resources 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 Nuinsco Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuinsco Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuinsco Resources pink sheet over time.
Current vs Lagged Prices |
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Nuinsco Resources Lagged Returns
When evaluating Nuinsco Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuinsco Resources pink sheet have on its future price. Nuinsco Resources 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, Nuinsco Resources autocorrelation shows the relationship between Nuinsco Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nuinsco Resources Limited.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Nuinsco Pink Sheet
Nuinsco Resources financial ratios help investors to determine whether Nuinsco 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 Nuinsco with respect to the benefits of owning Nuinsco Resources security.