Northern Shield Resources Stock Math Transform Price Natural Logarithm
| NRN Stock | CAD 0.04 0.01 12.50% |
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The output start index for this execution was zero with a total number of output elements of sixty-one. Northern Shield Price Natural Logarithm is logarithm with base 'e' where e is equal to 2.718281828. It is applied on the entire Northern Shield Resources pricing series.
Northern Shield Technical Analysis Modules
Most technical analysis of Northern Shield help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Northern from various momentum indicators to cycle indicators. When you analyze Northern charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Northern Shield Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Northern Shield Resources. We use our internally-developed statistical techniques to arrive at the intrinsic value of Northern Shield Resources based on widely used predictive technical indicators. In general, we focus on analyzing Northern Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Northern Shield's daily price indicators and compare them against related drivers, such as math transform and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Northern Shield's intrinsic value. In addition to deriving basic predictive indicators for Northern Shield, we also check how macroeconomic factors affect Northern Shield price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2023 | 2024 (projected) | Days Sales Outstanding | 2.4K | 2.2K | PTB Ratio | 0.51 | 0.48 |
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As an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.Did you try this?
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Northern Shield Resources pair trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Northern Shield position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Northern Shield will appreciate offsetting losses from the drop in the long position's value.Northern Shield Pair Trading
Northern Shield Resources Pair Trading Analysis
The ability to find closely correlated positions to Northern Shield could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northern Shield when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Northern Shield - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Northern Shield Resources to buy it.
The correlation of Northern Shield is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Northern Shield moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northern Shield Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Northern Shield can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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.