Northland Power (Germany) Price on March 1, 2023
1NR Stock | EUR 12.03 0.11 0.91% |
If you're considering investing in Northland Stock, it is important to understand the factors that can impact its price. As of today, the current price of Northland Power stands at 12.03, as last reported on the 22nd of December, with the highest price reaching 12.03 and the lowest price hitting 11.80 during the day. Northland Power has Sharpe Ratio of -0.0886, which conveys that the firm had a -0.0886% return per unit of risk over the last 3 months. Northland Power exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Northland Power's Mean Deviation of 1.99, standard deviation of 2.58, and Risk Adjusted Performance of (0.06) to check out the risk estimate we provide.
Northland Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Northland |
Sharpe Ratio = -0.0886
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Estimated Market Risk
2.58 actual daily | 22 78% of assets are more volatile |
Expected Return
-0.23 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Northland Power is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Northland Power by adding Northland Power to a well-diversified portfolio.
Northland Power Valuation on March 1, 2023
It is possible to determine the worth of Northland Power on a given historical date. On March 1, 2023 Northland was worth 19.63 at the beginning of the trading date compared to the closed value of 19.29. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Northland Power stock. Still, in general, we apply an absolute valuation method to find Northland Power's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Northland Power where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Northland Power's related companies.
Open | High | Low | Close | Volume | |
19.63 | 19.63 | 19.63 | 19.63 | 1.00 | |
03/01/2023 | 19.63 | 19.63 | 19.29 | 19.29 | 1.00 |
19.29 | 19.42 | 19.29 | 19.42 | 1.00 |
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Northland Power Trading Date Momentum on March 1, 2023
On March 02 2023 Northland Power was traded for 19.42 at the closing time. The highest daily price throughout the period was 19.42 and the lowest price was 19.29 . There was no trading activity during the period 1.0. Lack of trading volume on 03/02/2023 added to the next day price rise. The daily price change to closing price of the next trading day was 0.67% . The trading delta at closing time to current closing price is 1.61% . |
Northland Power Fundamentals Correlations and Trends
By evaluating Northland Power's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Northland Power's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Northland financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Northland Power Stock history
Northland Power investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Northland is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Northland Power will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Northland Power stock prices may prove useful in developing a viable investing in Northland Power
Northland Power Inc. develops, builds, owns, and operates clean and green power projects primarily in Canada and Europe. The company was founded in 1987 and is headquartered in Toronto, Canada. NORTHLAND POWER operates under Utilities - Independent Power Producers classification in Germany and is traded on Frankfurt Stock Exchange. It employs 363 people.
Northland Power Stock Technical Analysis
Northland Power technical stock 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, stock market cycles, or different charting patterns.
Price Boundaries
Northland Power Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
Northland Power cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Northland Power December 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Northland Power stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Northland Power shares will generate the highest return on investment. By undertsting and applying Northland Power stock market strength indicators, traders can identify Northland Power entry and exit signals to maximize returns
Northland Power Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Northland Power's price direction in advance. Along with the technical and fundamental analysis of Northland Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Northland to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.06) | |||
Jensen Alpha | (0.23) | |||
Total Risk Alpha | (0.31) | |||
Treynor Ratio | 0.5748 |
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Complementary Tools for Northland Stock analysis
When running Northland Power's price analysis, check to measure Northland Power'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 Northland Power is operating at the current time. Most of Northland Power's value examination focuses on studying past and present price action to predict the probability of Northland Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northland Power's price. Additionally, you may evaluate how the addition of Northland Power to your portfolios can decrease your overall portfolio volatility.
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