Norwest Minerals (Australia) Market Value
| NWM Stock | 0.01 0 9.09% |
| Symbol | Norwest |
Norwest 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 Norwest 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 Norwest Minerals.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Norwest Minerals on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Norwest Minerals or generate 0.0% return on investment in Norwest Minerals over 90 days. Norwest Minerals is related to or competes with Evolution Mining, Perseus Mining, Ora Banda, and Duxton Broadacre. Norwest Minerals is entity of Australia. It is traded as Stock on AU exchange. More
Norwest 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 Norwest 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 Norwest Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 33.04 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 14.29 |
Norwest Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Norwest Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Norwest Minerals' standard deviation. In reality, there are many statistical measures that can use Norwest Minerals historical prices to predict the future Norwest Minerals' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.67) | |||
| Total Risk Alpha | 0.3388 | |||
| Treynor Ratio | 0.7662 |
Norwest Minerals Backtested Returns
Norwest Minerals has Sharpe Ratio of -0.0557, which conveys that the firm had a -0.0557 % return per unit of risk over the last 3 months. Norwest Minerals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Norwest Minerals' Standard Deviation of 7.38, mean deviation of 4.85, and Risk Adjusted Performance of (0.06) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.76, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Norwest Minerals are expected to decrease at a much lower rate. During the bear market, Norwest Minerals is likely to outperform the market. At this point, Norwest Minerals has a negative expected return of -0.4%. Please make sure to verify Norwest Minerals' skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Norwest Minerals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.52 |
Modest predictability
Norwest Minerals has modest predictability. Overlapping area represents the amount of predictability between Norwest Minerals time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Norwest Minerals price movement. The serial correlation of 0.52 indicates that about 52.0% of current Norwest Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Norwest Minerals lagged returns against current returns
Autocorrelation, which is Norwest 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 Norwest Minerals' stock expected returns. We can calculate the autocorrelation of Norwest Minerals returns to help us make a trade decision. For example, suppose you find that Norwest 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 |
Norwest 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 Norwest Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Norwest Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Norwest Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Norwest Minerals Lagged Returns
When evaluating Norwest Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Norwest Minerals stock have on its future price. Norwest 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, Norwest Minerals autocorrelation shows the relationship between Norwest Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Norwest Minerals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Norwest Stock Analysis
When running Norwest Minerals' price analysis, check to measure Norwest 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 Norwest Minerals is operating at the current time. Most of Norwest Minerals' value examination focuses on studying past and present price action to predict the probability of Norwest Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Norwest Minerals' price. Additionally, you may evaluate how the addition of Norwest Minerals to your portfolios can decrease your overall portfolio volatility.