Northern Shield Resources Stock Probability of Future Stock Price Finishing Over 0.0422
| NRN Stock | CAD 0.04 0.01 20.00% |
Northern |
Northern Shield Target Price Odds to finish over 0.0422
The tendency of Northern Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over C$ 0.04 or more in 90 days |
| 0.04 | 90 days | 0.04 | about 65.32 |
Based on a normal probability distribution, the odds of Northern Shield to move over C$ 0.04 or more in 90 days from now is about 65.32 (This Northern Shield Resources probability density function shows the probability of Northern Stock to fall within a particular range of prices over 90 days) . Probability of Northern Shield Resources price to stay between its current price of C$ 0.04 and C$ 0.04 at the end of the 90-day period is about 13.14 .
Assuming the 90 days horizon Northern Shield has a beta of 0.49. This indicates as returns on the market go up, Northern Shield average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Northern Shield Resources will be expected to be much smaller as well. Additionally Northern Shield Resources has an alpha of 0.0655, implying that it can generate a 0.0655 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Northern Shield Price Density |
| Price |
Predictive Modules for Northern Shield
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Northern Shield Resources. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Northern Shield Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Northern Shield is not an exception. The market had few large corrections towards the Northern Shield's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Northern Shield Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Northern Shield within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.07 | |
β | Beta against Dow Jones | 0.49 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0 |
Northern Shield Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Northern Shield for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Northern Shield Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Northern Shield had very high historical volatility over the last 90 days | |
| Northern Shield has some characteristics of a very speculative penny stock | |
| Northern Shield has a very high chance of going through financial distress in the upcoming years | |
| Northern Shield Resources has accumulated 816.62 K in total debt with debt to equity ratio (D/E) of 8.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Northern Shield Resources has a current ratio of 0.54, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Northern Shield until it has trouble settling it off, either with new capital or with free cash flow. So, Northern Shield's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Northern Shield Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Northern to invest in growth at high rates of return. When we think about Northern Shield's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (991.23 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Northern Shield Resources has accumulated about 88.9 K in cash with (535.66 K) of positive cash flow from operations. | |
| Roughly 14.0% of Northern Shield outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Northern Shield Resources EV-to-Revenue - GuruFocus.com |
Northern Shield Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Northern Stock often depends not only on the future outlook of the current and potential Northern Shield's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Northern Shield's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 75.4 M | |
| Cash And Short Term Investments | 175.5 K |
Northern Shield Technical Analysis
Northern Shield's future price can be derived by breaking down and analyzing its technical indicators over time. Northern Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Northern Shield Resources. In general, you should focus on analyzing Northern Stock price patterns and their correlations with different microeconomic environments and drivers.
Northern Shield Predictive Forecast Models
Northern Shield's time-series forecasting models is one of many Northern Shield's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Northern Shield's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Northern Shield Resources
Checking the ongoing alerts about Northern Shield for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Northern Shield Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Northern Shield had very high historical volatility over the last 90 days | |
| Northern Shield has some characteristics of a very speculative penny stock | |
| Northern Shield has a very high chance of going through financial distress in the upcoming years | |
| Northern Shield Resources has accumulated 816.62 K in total debt with debt to equity ratio (D/E) of 8.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Northern Shield Resources has a current ratio of 0.54, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Northern Shield until it has trouble settling it off, either with new capital or with free cash flow. So, Northern Shield's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Northern Shield Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Northern to invest in growth at high rates of return. When we think about Northern Shield's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (991.23 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Northern Shield Resources has accumulated about 88.9 K in cash with (535.66 K) of positive cash flow from operations. | |
| Roughly 14.0% of Northern Shield outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Northern Shield Resources EV-to-Revenue - GuruFocus.com |
Additional Tools for Northern Stock Analysis
When running Northern Shield's price analysis, check to measure Northern Shield'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 Northern Shield is operating at the current time. Most of Northern Shield's value examination focuses on studying past and present price action to predict the probability of Northern Shield's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northern Shield's price. Additionally, you may evaluate how the addition of Northern Shield to your portfolios can decrease your overall portfolio volatility.