Nexgold Mining Corp Stock Market Value
| NEXG Stock | 0.75 0.03 4.17% |
| Symbol | NeXGold |
NeXGold Mining Corp Price To Book Ratio
NeXGold Mining '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 NeXGold Mining'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 NeXGold Mining.
| 04/22/2025 |
| 07/21/2025 |
If you would invest 0.00 in NeXGold Mining on April 22, 2025 and sell it all today you would earn a total of 0.00 from holding NeXGold Mining Corp or generate 0.0% return on investment in NeXGold Mining over 90 days. NeXGold Mining is related to or competes with Vizsla Silver, Arizona Gold, NeuPath Health, Data Communications, Summa Silver, McEwen Mining, and Perseus Mining. NeXGold Mining is entity of Canada. It is traded as Stock on V exchange. More
NeXGold Mining 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 NeXGold Mining'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 NeXGold Mining Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 11.66 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 4.05 |
NeXGold Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NeXGold Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NeXGold Mining's standard deviation. In reality, there are many statistical measures that can use NeXGold Mining historical prices to predict the future NeXGold Mining's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.20) |
NeXGold Mining Corp Backtested Returns
At this stage we consider NeXGold Stock to be extremely dangerous. NeXGold Mining Corp has Sharpe Ratio of 0.0129, which conveys that the firm had a 0.0129 % return per unit of standard deviation over the last 3 months. We have found twenty-two technical indicators for NeXGold Mining, which you can use to evaluate the volatility of the firm. Please verify NeXGold Mining's Risk Adjusted Performance of (0.01), mean deviation of 2.25, and Market Risk Adjusted Performance of (0.19) to check out if the risk estimate we provide is consistent with the expected return of 0.034%. NeXGold Mining has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NeXGold Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding NeXGold Mining is expected to be smaller as well. NeXGold Mining Corp right now secures a risk of 2.62%. Please verify NeXGold Mining Corp skewness, accumulation distribution, rate of daily change, as well as the relationship between the kurtosis and daily balance of power , to decide if NeXGold Mining Corp will be following its current price movements.
Auto-correlation | -0.13 |
Insignificant reverse predictability
NeXGold Mining Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between NeXGold Mining time series from 22nd of April 2025 to 6th of June 2025 and 6th of June 2025 to 21st of July 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 NeXGold Mining Corp price movement. The serial correlation of -0.13 indicates that less than 13.0% of current NeXGold Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NeXGold Mining Corp lagged returns against current returns
Autocorrelation, which is NeXGold Mining 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 NeXGold Mining's stock expected returns. We can calculate the autocorrelation of NeXGold Mining returns to help us make a trade decision. For example, suppose you find that NeXGold Mining 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 |
NeXGold Mining 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 NeXGold Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NeXGold Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NeXGold Mining stock over time.
Current vs Lagged Prices |
| Timeline |
NeXGold Mining Lagged Returns
When evaluating NeXGold Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NeXGold Mining stock have on its future price. NeXGold Mining 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, NeXGold Mining autocorrelation shows the relationship between NeXGold Mining stock current value and its past values and can show if there is a momentum factor associated with investing in NeXGold Mining Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for NeXGold Stock Analysis
When running NeXGold Mining's price analysis, check to measure NeXGold Mining'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 NeXGold Mining is operating at the current time. Most of NeXGold Mining's value examination focuses on studying past and present price action to predict the probability of NeXGold Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NeXGold Mining's price. Additionally, you may evaluate how the addition of NeXGold Mining to your portfolios can decrease your overall portfolio volatility.