Northern Shield Resources Stock Market Value
| NRN Stock | CAD 0.04 0.01 12.50% |
| Symbol | Northern |
Northern Shield Resources Price To Book Ratio
Northern Shield '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 Northern Shield'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 Northern Shield.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Northern Shield on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Northern Shield Resources or generate 0.0% return on investment in Northern Shield over 90 days. Northern Shield Resources Inc., a natural resource company, engages in identifying, acquiring, and exploring mineral pro... More
Northern Shield 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 Northern Shield'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 Northern Shield Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0505 | |||
| Maximum Drawdown | 45.0 |
Northern Shield Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Shield's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Shield's standard deviation. In reality, there are many statistical measures that can use Northern Shield historical prices to predict the future Northern Shield's volatility.| Risk Adjusted Performance | 0.0313 | |||
| Jensen Alpha | 0.1224 | |||
| Total Risk Alpha | 1.09 | |||
| Treynor Ratio | (1.05) |
Northern Shield Resources Backtested Returns
Northern Shield Resources has Sharpe Ratio of close to zero, which conveys that the firm had a close to zero % return per unit of risk over the last 3 months. Northern Shield exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Northern Shield's Standard Deviation of 5.61, mean deviation of 1.51, and Risk Adjusted Performance of 0.0313 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Northern Shield are expected to decrease at a much lower rate. During the bear market, Northern Shield is likely to outperform the market. At this point, Northern Shield Resources has a negative expected return of -0.041%. Please make sure to verify Northern Shield's total risk alpha, rate of daily change, as well as the relationship between the Rate Of Daily Change and period momentum indicator , to decide if Northern Shield Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Northern Shield Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Northern Shield time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Northern Shield Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Northern Shield price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Northern Shield Resources lagged returns against current returns
Autocorrelation, which is Northern Shield 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 Northern Shield's stock expected returns. We can calculate the autocorrelation of Northern Shield returns to help us make a trade decision. For example, suppose you find that Northern Shield 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 |
Northern Shield 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 Northern Shield stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Shield stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northern Shield stock over time.
Current vs Lagged Prices |
| Timeline |
Northern Shield Lagged Returns
When evaluating Northern Shield's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Shield stock have on its future price. Northern Shield 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, Northern Shield autocorrelation shows the relationship between Northern Shield stock current value and its past values and can show if there is a momentum factor associated with investing in Northern Shield Resources.
Regressed Prices |
| Timeline |
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Additional Tools for Northern Stock Analysis
When running Northern Shield's price analysis, check to measure Northern Shield'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 Northern Shield is operating at the current time. Most of Northern Shield's value examination focuses on studying past and present price action to predict the probability of Northern Shield's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northern Shield's price. Additionally, you may evaluate how the addition of Northern Shield to your portfolios can decrease your overall portfolio volatility.