Northrim Bancorp Stock Market Value
| NRIM Stock | USD 85.07 0.50 0.58% |
| Symbol | Northrim |
Northrim BanCorp Price To Book Ratio
Is Regional Banks 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 Northrim BanCorp. If investors know Northrim 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 Northrim BanCorp 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 0.061 | Dividend Share 2.46 | Earnings Share 5.86 | Revenue Per Share 25.726 | Quarterly Revenue Growth 0.157 |
The market value of Northrim BanCorp is measured differently than its book value, which is the value of Northrim that is recorded on the company's balance sheet. Investors also form their own opinion of Northrim BanCorp's value that differs from its market value or its book value, called intrinsic value, which is Northrim BanCorp'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 Northrim BanCorp's market value can be influenced by many factors that don't directly affect Northrim BanCorp'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 Northrim BanCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northrim BanCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northrim BanCorp'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.
Northrim BanCorp '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 Northrim BanCorp'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 Northrim BanCorp.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Northrim BanCorp on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Northrim BanCorp or generate 0.0% return on investment in Northrim BanCorp over 210 days. Northrim BanCorp is related to or competes with Peoples Bancorp, Eagle Bancorp, United Bankshares, Pacific Premier, Sandy Spring, Provident Financial, and Community Trust. Northrim BanCorp, Inc. operates as the bank holding company for Northrim Bank that provides commercial banking products ... More
Northrim BanCorp 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 Northrim BanCorp'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 Northrim BanCorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.0 | |||
| Information Ratio | 0.0929 | |||
| Maximum Drawdown | 20.99 | |||
| Value At Risk | (3.54) | |||
| Potential Upside | 4.02 |
Northrim BanCorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northrim BanCorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northrim BanCorp's standard deviation. In reality, there are many statistical measures that can use Northrim BanCorp historical prices to predict the future Northrim BanCorp's volatility.| Risk Adjusted Performance | 0.1148 | |||
| Jensen Alpha | 0.0748 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.1341 | |||
| Treynor Ratio | 0.1574 |
Northrim BanCorp Backtested Returns
Northrim BanCorp appears to be very steady, given 3 months investment horizon. Northrim BanCorp has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Northrim BanCorp, which you can use to evaluate the volatility of the firm. Please exercise Northrim BanCorp's Downside Deviation of 2.0, risk adjusted performance of 0.1148, and Mean Deviation of 1.91 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Northrim BanCorp holds a performance score of 11. The company secures a Beta (Market Risk) of 2.51, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Northrim BanCorp will likely underperform. Please check Northrim BanCorp's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Northrim BanCorp's current price movements will revert.
Auto-correlation | 0.39 |
Below average predictability
Northrim BanCorp has below average predictability. Overlapping area represents the amount of predictability between Northrim BanCorp time series from 6th of May 2024 to 19th of August 2024 and 19th 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 Northrim BanCorp price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Northrim BanCorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 44.02 |
Northrim BanCorp lagged returns against current returns
Autocorrelation, which is Northrim BanCorp 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 Northrim BanCorp's stock expected returns. We can calculate the autocorrelation of Northrim BanCorp returns to help us make a trade decision. For example, suppose you find that Northrim BanCorp 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 |
Northrim BanCorp 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 Northrim BanCorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northrim BanCorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northrim BanCorp stock over time.
Current vs Lagged Prices |
| Timeline |
Northrim BanCorp Lagged Returns
When evaluating Northrim BanCorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northrim BanCorp stock have on its future price. Northrim BanCorp 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, Northrim BanCorp autocorrelation shows the relationship between Northrim BanCorp stock current value and its past values and can show if there is a momentum factor associated with investing in Northrim BanCorp.
Regressed Prices |
| Timeline |
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Northrim BanCorp 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.