NGEx Minerals' market value is the price at which a share of NGEx Minerals trades on a public exchange. It measures the collective expectations of NGEx Minerals investors about its performance. NGEx Minerals is selling at 30.82 as of the 3rd of March 2026; that is 2.22% down since the beginning of the trading day. The stock's open price was 31.52. With this module, you can estimate the performance of a buy and hold strategy of NGEx Minerals and determine expected loss or profit from investing in NGEx Minerals over a given investment horizon. Check out NGEx Minerals Correlation, NGEx Minerals Volatility and NGEx Minerals Performance module to complement your research on NGEx Minerals.
It's important to distinguish between NGEx Minerals' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding NGEx Minerals should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, NGEx Minerals' market price signifies the transaction level at which participants voluntarily complete trades.
NGEx 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 NGEx 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 NGEx Minerals.
0.00
12/03/2025
No Change 0.00
0.0
In 3 months and 1 day
03/03/2026
0.00
If you would invest 0.00 in NGEx Minerals on December 3, 2025 and sell it all today you would earn a total of 0.00 from holding NGEx Minerals or generate 0.0% return on investment in NGEx Minerals over 90 days. NGEx Minerals is related to or competes with NovaGold Resources, Americas Silver, Erdene Resource, K92 Mining, Orla Mining, Westgold Resources, and Stella Jones. NGEx Minerals is entity of Canada. It is traded as Stock on TO exchange. More
NGEx 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 NGEx 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 NGEx Minerals upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for NGEx Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NGEx Minerals' standard deviation. In reality, there are many statistical measures that can use NGEx Minerals historical prices to predict the future NGEx Minerals' volatility.
NGEx Minerals appears to be very steady, given 3 months investment horizon. NGEx Minerals has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for NGEx Minerals, which you can use to evaluate the volatility of the firm. Please exercise NGEx Minerals' mean deviation of 2.41, and Risk Adjusted Performance of 0.1172 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NGEx Minerals holds a performance score of 9. The company secures a Beta (Market Risk) of 1.2, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, NGEx Minerals will likely underperform. Please check NGEx Minerals' downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether NGEx Minerals' current price movements will revert.
Auto-correlation
0.62
Good predictability
NGEx Minerals has good predictability. Overlapping area represents the amount of predictability between NGEx Minerals time series from 3rd of December 2025 to 17th of January 2026 and 17th of January 2026 to 3rd of March 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NGEx Minerals price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current NGEx Minerals price fluctuation can be explain by its past prices.
Correlation Coefficient
0.62
Spearman Rank Test
0.56
Residual Average
0.0
Price Variance
2.38
Pair Trading with NGEx Minerals
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NGEx Minerals position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NGEx Minerals will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to NGEx Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NGEx Minerals when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NGEx Minerals - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NGEx Minerals to buy it.
The correlation of NGEx Minerals is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NGEx Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NGEx Minerals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NGEx Minerals can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
NGEx Minerals financial ratios help investors to determine whether NGEx Stock 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 NGEx with respect to the benefits of owning NGEx Minerals security.