Northland Power Stock Market Value
| NPI Stock | CAD 18.95 0.39 2.02% |
| Symbol | Northland |
Northland Power '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 Northland Power'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 Northland Power.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Northland Power on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Northland Power or generate 0.0% return on investment in Northland Power over 90 days. Northland Power is related to or competes with Brookfield Renewable, Algonquin Power, Innergex Renewable, and Capital Power. Northland Power Inc., an independent power producer, develops, builds, owns, and operates clean and green power projects... More
Northland Power 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 Northland Power'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 Northland Power upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.77 | |||
| Information Ratio | 0.103 | |||
| Maximum Drawdown | 8.56 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 2.89 |
Northland Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northland Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northland Power's standard deviation. In reality, there are many statistical measures that can use Northland Power historical prices to predict the future Northland Power's volatility.| Risk Adjusted Performance | 0.0497 | |||
| Jensen Alpha | 0.0775 | |||
| Total Risk Alpha | 0.3243 | |||
| Sortino Ratio | 0.1103 | |||
| Treynor Ratio | (1.05) |
Northland Power Backtested Returns
As of now, Northland Stock is very steady. Northland Power has Sharpe Ratio of 0.0508, which conveys that the firm had a 0.0508 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Northland Power, which you can use to evaluate the volatility of the firm. Please verify Northland Power's Downside Deviation of 1.77, mean deviation of 1.41, and Risk Adjusted Performance of 0.0497 to check out if the risk estimate we provide is consistent with the expected return of 0.0965%. Northland Power has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0823, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Northland Power are expected to decrease at a much lower rate. During the bear market, Northland Power is likely to outperform the market. Northland Power right now secures a risk of 1.9%. Please verify Northland Power expected short fall, and the relationship between the value at risk and daily balance of power , to decide if Northland Power will be following its current price movements.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Northland Power has insignificant reverse predictability. Overlapping area represents the amount of predictability between Northland Power time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Northland Power price movement. The serial correlation of -0.18 indicates that over 18.0% of current Northland Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 1.42 |
Northland Power lagged returns against current returns
Autocorrelation, which is Northland Power 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 Northland Power's stock expected returns. We can calculate the autocorrelation of Northland Power returns to help us make a trade decision. For example, suppose you find that Northland Power 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 |
Northland Power 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 Northland Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northland Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northland Power stock over time.
Current vs Lagged Prices |
| Timeline |
Northland Power Lagged Returns
When evaluating Northland Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northland Power stock have on its future price. Northland Power 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, Northland Power autocorrelation shows the relationship between Northland Power stock current value and its past values and can show if there is a momentum factor associated with investing in Northland Power.
Regressed Prices |
| Timeline |
Other Information on Investing in Northland Stock
Northland Power financial ratios help investors to determine whether Northland Stock 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 Northland with respect to the benefits of owning Northland Power security.