Nexus Gold Corp Stock Market Value
| NXS Stock | CAD 0.01 0.01 33.33% |
| Symbol | Nexus |
Nexus Gold Corp Price To Book Ratio
Nexus Gold '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 Nexus Gold's 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 Nexus Gold.
| 12/22/2024 |
| 01/21/2025 |
If you would invest 0.00 in Nexus Gold on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding Nexus Gold Corp or generate 0.0% return on investment in Nexus Gold over 30 days. Nexus Gold is related to or competes with Broadcom, Queens Road, Nova Leap, Sparx Technology, Questor Technology, Titanium Transportation, and Andlauer Healthcare. Nexus Gold Corp., a mineral exploration company, explores for mineral properties in West Africa and Canada More
Nexus Gold 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 Nexus Gold's 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 Nexus Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 39.09 | |||
| Information Ratio | 0.0979 | |||
| Maximum Drawdown | 233.33 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 50.0 |
Nexus Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nexus Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nexus Gold's standard deviation. In reality, there are many statistical measures that can use Nexus Gold historical prices to predict the future Nexus Gold's volatility.| Risk Adjusted Performance | 0.0924 | |||
| Jensen Alpha | 3.05 | |||
| Total Risk Alpha | 2.3 | |||
| Sortino Ratio | 0.0768 | |||
| Treynor Ratio | (1.88) |
Nexus Gold Corp Backtested Returns
Nexus Gold is out of control given 3 months investment horizon. Nexus Gold Corp has Sharpe Ratio of 0.0786, which conveys that the firm had a 0.0786 % return per unit of risk over the last 3 months. We were able to interpolate twenty-seven different technical indicators, which can help you to evaluate if expected returns of 2.46% are justified by taking the suggested risk. Use Nexus Gold Corp Downside Deviation of 39.09, risk adjusted performance of 0.0924, and Mean Deviation of 13.09 to evaluate company specific risk that cannot be diversified away. Nexus Gold holds a performance score of 6 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -1.6, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Nexus Gold are expected to decrease by larger amounts. On the other hand, during market turmoil, Nexus Gold is expected to outperform it. Use Nexus Gold Corp treynor ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to analyze future returns on Nexus Gold Corp.
Auto-correlation | 0.18 |
Very weak predictability
Nexus Gold Corp has very weak predictability. Overlapping area represents the amount of predictability between Nexus Gold time series from 22nd of December 2024 to 6th of January 2025 and 6th of January 2025 to 21st 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 Nexus Gold Corp price movement. The serial correlation of 0.18 indicates that over 18.0% of current Nexus Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nexus Gold Corp lagged returns against current returns
Autocorrelation, which is Nexus Gold 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 Nexus Gold's stock expected returns. We can calculate the autocorrelation of Nexus Gold returns to help us make a trade decision. For example, suppose you find that Nexus Gold 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 |
Nexus Gold 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 Nexus Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nexus Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nexus Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Nexus Gold Lagged Returns
When evaluating Nexus Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nexus Gold stock have on its future price. Nexus Gold 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, Nexus Gold autocorrelation shows the relationship between Nexus Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Nexus Gold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Nexus Stock Analysis
When running Nexus Gold's price analysis, check to measure Nexus Gold's 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 Nexus Gold is operating at the current time. Most of Nexus Gold's value examination focuses on studying past and present price action to predict the probability of Nexus Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nexus Gold's price. Additionally, you may evaluate how the addition of Nexus Gold to your portfolios can decrease your overall portfolio volatility.