Nicola Mining Value At Risk
| NIM Stock | | | CAD 0.97 0.06 6.59% |
Observed values used in the Value At Risk indicator for Nicola Mining are included in this dataset. The information is based on observed market data across timeframes. Nicola Mining has a market cap of 209.72 M, operating margin of -6.49%, current ratio of 0.11. See
Correlation Analysis for additional portfolio context. Nicola Mining can be included in a portfolio to evaluate diversification impact. Weighting is typically determined by the allocation framework in use. Broader economic conditions can influence Nicola Mining's company valuation — related indicators include
signals in inflation.
Nicola Mining has current Value At Risk of
-6.67. Value At Risk (or VAR) is a statistical technique used to measure the level of financial risk of investment instrument over a specific time frame. It is a widely used measure of the risk of loss on a specific investing instrument.
Value At Risk | = | ER[a] x N | + | (Z-SCORE x STD x SQRT (N)) |
| = | -6.67 | |
| ER[a] | = | Expected return on investing in Nicola Mining |
| STD | = | Standard Deviation of Nicola Mining |
| N | = | Number of points for the period |
| Z-SCORE | = | Number of standard deviations above or below the mean |
Value At Risk Peers Comparison
Value At Risk Relative To Other Indicators
Nicola Mining falls in the
fourth position for value at risk across the peer group. It is currently under evaluation for maximum drawdown across the peer group .
Value At Risk is used by risk managers in order to measure and control the level of risk which the firm undertakes. The risk manager job is to ensure that risks are not taken beyond the level at which the firm can absorb the losses of a probable worst outcome. VAR can be defined as the loss level that will not be exceeded with a certain confidence level during a certain period of time.
Compare Nicola Mining to Peers
Other Technical Indicators