Northern Superior Resources Stock Market Value
| SUP Stock | CAD 0.48 0.03 6.67% |
| Symbol | Northern |
Northern Superior Price To Book Ratio
Northern Superior '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 Superior'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 Superior.
| 11/09/2023 |
| 03/03/2025 |
If you would invest 0.00 in Northern Superior on November 9, 2023 and sell it all today you would earn a total of 0.00 from holding Northern Superior Resources or generate 0.0% return on investment in Northern Superior over 480 days. Northern Superior is related to or competes with Ressources Minieres, Red Pine, and Strikepoint Gold. Northern Superior Resources Inc., an exploration stage junior mining company, engages in the identification, acquisition... More
Northern Superior 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 Superior'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 Superior Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 12.59 | |||
| Value At Risk | (4.08) | |||
| Potential Upside | 4.17 |
Northern Superior Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Superior's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Superior's standard deviation. In reality, there are many statistical measures that can use Northern Superior historical prices to predict the future Northern Superior's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.30) |
Northern Superior Backtested Returns
At this stage we consider Northern Stock to be abnormally volatile. Northern Superior has Sharpe Ratio of 0.0257, which conveys that the firm had a 0.0257 % return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Northern Superior, which you can use to evaluate the volatility of the firm. Please verify Northern Superior's Mean Deviation of 1.73, risk adjusted performance of (0.03), and Standard Deviation of 2.45 to check out if the risk estimate we provide is consistent with the expected return of 0.0654%. Northern Superior has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.47, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Northern Superior's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northern Superior is expected to be smaller as well. Northern Superior right now secures a risk of 2.54%. Please verify Northern Superior Resources treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Northern Superior Resources will be following its current price movements.
Auto-correlation | -0.63 |
Very good reverse predictability
Northern Superior Resources has very good reverse predictability. Overlapping area represents the amount of predictability between Northern Superior time series from 9th of November 2023 to 6th of July 2024 and 6th of July 2024 to 3rd 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 Superior price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Northern Superior price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Northern Superior lagged returns against current returns
Autocorrelation, which is Northern Superior 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 Superior's stock expected returns. We can calculate the autocorrelation of Northern Superior returns to help us make a trade decision. For example, suppose you find that Northern Superior 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 Superior 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 Superior stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Superior stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northern Superior stock over time.
Current vs Lagged Prices |
| Timeline |
Northern Superior Lagged Returns
When evaluating Northern Superior's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Superior stock have on its future price. Northern Superior 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 Superior autocorrelation shows the relationship between Northern Superior stock current value and its past values and can show if there is a momentum factor associated with investing in Northern Superior Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Northern Stock Analysis
When running Northern Superior's price analysis, check to measure Northern Superior'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 Superior is operating at the current time. Most of Northern Superior's value examination focuses on studying past and present price action to predict the probability of Northern Superior'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 Superior's price. Additionally, you may evaluate how the addition of Northern Superior to your portfolios can decrease your overall portfolio volatility.