North American Financial Stock Market Value
| FNCSF Stock | USD 5.42 0.11 2.07% |
| Symbol | North |
North American '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 North American'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 North American.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in North American on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding North American Financial or generate 0.0% return on investment in North American over 240 days. North American is related to or competes with Blackrock International, Blackrock Enhanced, Eaton Vance, Blackrock Resources, BlackRock MIT, Ares Management, and TPG. North American Financial 15 Split Corp. is an equity mutual fund launched by Quadravest Inc More
North American 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 North American'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 North American Financial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.92 | |||
| Information Ratio | 0.1579 | |||
| Maximum Drawdown | 16.44 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 5.31 |
North American Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for North American's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as North American's standard deviation. In reality, there are many statistical measures that can use North American historical prices to predict the future North American's volatility.| Risk Adjusted Performance | 0.1636 | |||
| Jensen Alpha | 0.6421 | |||
| Total Risk Alpha | 0.1009 | |||
| Sortino Ratio | 0.1198 | |||
| Treynor Ratio | (1.67) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of North American'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.
North American Financial Backtested Returns
North American appears to be slightly risky, given 3 months investment horizon. North American Financial has Sharpe Ratio of 0.2, which conveys that the firm had a 0.2% return per unit of risk over the last 3 months. By analyzing North American's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please exercise North American's Downside Deviation of 3.92, mean deviation of 1.97, and Risk Adjusted Performance of 0.1636 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, North American holds a performance score of 15. The company secures a Beta (Market Risk) of -0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning North American are expected to decrease at a much lower rate. During the bear market, North American is likely to outperform the market. Please check North American's semi variance, and the relationship between the maximum drawdown and daily balance of power , to make a quick decision on whether North American's current price movements will revert.
Auto-correlation | 0.43 |
Average predictability
North American Financial has average predictability. Overlapping area represents the amount of predictability between North American time series from 6th of April 2024 to 4th of August 2024 and 4th of August 2024 to 2nd of December 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 North American Financial price movement. The serial correlation of 0.43 indicates that just about 43.0% of current North American price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
North American Financial lagged returns against current returns
Autocorrelation, which is North American 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 North American's pink sheet expected returns. We can calculate the autocorrelation of North American returns to help us make a trade decision. For example, suppose you find that North American 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 |
North American 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 North American pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if North American pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in North American pink sheet over time.
Current vs Lagged Prices |
| Timeline |
North American Lagged Returns
When evaluating North American's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of North American pink sheet have on its future price. North American 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, North American autocorrelation shows the relationship between North American pink sheet current value and its past values and can show if there is a momentum factor associated with investing in North American Financial.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in North Pink Sheet
North American financial ratios help investors to determine whether North Pink Sheet 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 North with respect to the benefits of owning North American security.