North American Construction Stock Market Value
| NOA Stock | USD 21.07 0.11 0.52% |
| Symbol | North |
North American Const Price To Book Ratio
Is Oil & Gas Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of North American. If investors know North will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about North American listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.196 | Dividend Share 0.4 | Earnings Share 1.34 | Revenue Per Share 44.139 | Quarterly Revenue Growth 0.457 |
The market value of North American Const is measured differently than its book value, which is the value of North that is recorded on the company's balance sheet. Investors also form their own opinion of North American's value that differs from its market value or its book value, called intrinsic value, which is North American's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because North American's market value can be influenced by many factors that don't directly affect North American's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between North American's value and its price as these two are different measures arrived at by different means. Investors typically determine if North American is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, North American's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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 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 North American.
| 12/17/2023 |
| 12/11/2024 |
If you would invest 0.00 in North American on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding North American Construction or generate 0.0% return on investment in North American over 360 days. North American is related to or competes with Baker Hughes, NOV, Weatherford International, Tenaris SA, Halliburton, ChampionX, and TechnipFMC PLC. North American Construction Group Ltd. provides equipment maintenance, and mining and heavy construction services in Can... 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 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 North American Construction upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.05 | |||
| Information Ratio | 0.0538 | |||
| Maximum Drawdown | 16.84 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 3.89 |
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 | 0.0815 | |||
| Jensen Alpha | 0.2586 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0663 | |||
| Treynor Ratio | (3.65) |
North American Const Backtested Returns
North American appears to be very steady, given 3 months investment horizon. North American Const has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for North American, which you can use to evaluate the volatility of the firm. Please exercise North American's Risk Adjusted Performance of 0.0815, downside deviation of 2.05, and Mean Deviation of 1.59 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 8. The company secures a Beta (Market Risk) of -0.0686, which conveys not very significant fluctuations relative to the market. 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 skewness, day typical price, and the relationship between the downside variance and daily balance of power , to make a quick decision on whether North American's current price movements will revert.
Auto-correlation | -0.31 |
Poor reverse predictability
North American Construction has poor reverse predictability. Overlapping area represents the amount of predictability between North American time series from 17th of December 2023 to 14th of June 2024 and 14th of June 2024 to 11th 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 Const price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current North American price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 1.04 |
North American Const lagged returns against current returns
Autocorrelation, which is North American stock'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 stock 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 stock 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if North American stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in North American stock over time.
Current vs Lagged Prices |
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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 stock 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 stock current value and its past values and can show if there is a momentum factor associated with investing in North American Construction.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether North American Const offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of North American's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of North American Construction Stock. Outlined below are crucial reports that will aid in making a well-informed decision on North American Construction Stock:Check out North American Correlation, North American Volatility and North American Alpha and Beta module to complement your research on North American. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
North American 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.