Nyrstar Nv Adr Stock Market Value
| NYRSY Stock | USD 0.09 0.00 0.00% |
| Symbol | Nyrstar |
Nyrstar NV '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 Nyrstar NV's 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 Nyrstar NV.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Nyrstar NV on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Nyrstar NV ADR or generate 0.0% return on investment in Nyrstar NV over 30 days. Nyrstar NV is related to or competes with Azimut Exploration, and Benton Resources. Nyrstar NV engages in mining, smelting, and producing zinc, lead, and other base and precious metals primarily in Europe... More
Nyrstar NV 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 Nyrstar NV's 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 Nyrstar NV ADR upside and downside potential and time the market with a certain degree of confidence.
Nyrstar NV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nyrstar NV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nyrstar NV's standard deviation. In reality, there are many statistical measures that can use Nyrstar NV historical prices to predict the future Nyrstar NV's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nyrstar NV's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nyrstar NV ADR Backtested Returns
We have found three technical indicators for Nyrstar NV, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Nyrstar NV are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Nyrstar NV ADR has perfect predictability. Overlapping area represents the amount of predictability between Nyrstar NV time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Nyrstar NV ADR price movement. The serial correlation of 1.0 indicates that 100.0% of current Nyrstar NV price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nyrstar NV ADR lagged returns against current returns
Autocorrelation, which is Nyrstar NV 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 Nyrstar NV's pink sheet expected returns. We can calculate the autocorrelation of Nyrstar NV returns to help us make a trade decision. For example, suppose you find that Nyrstar NV 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 |
| Timeline |
Nyrstar NV 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 Nyrstar NV pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nyrstar NV pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nyrstar NV pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nyrstar NV Lagged Returns
When evaluating Nyrstar NV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nyrstar NV pink sheet have on its future price. Nyrstar NV 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, Nyrstar NV autocorrelation shows the relationship between Nyrstar NV pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nyrstar NV ADR.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Nyrstar NV in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Nyrstar NV's short interest history, or implied volatility extrapolated from Nyrstar NV options trading.
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Try AI Portfolio ArchitectCheck out Nyrstar NV Correlation, Nyrstar NV Volatility and Nyrstar NV Alpha and Beta module to complement your research on Nyrstar NV. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Nyrstar Pink Sheet analysis
When running Nyrstar NV's price analysis, check to measure Nyrstar NV'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 Nyrstar NV is operating at the current time. Most of Nyrstar NV's value examination focuses on studying past and present price action to predict the probability of Nyrstar NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nyrstar NV's price. Additionally, you may evaluate how the addition of Nyrstar NV to your portfolios can decrease your overall portfolio volatility.
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Nyrstar NV technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.