Northeast Bancorp Stock Forecast - Semi Deviation
| NBN Stock | USD 99.60 0.89 0.89% |
Northeast Stock Forecast is based on your current time horizon. Although Northeast Bancorp's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Northeast Bancorp's systematic risk associated with finding meaningful patterns of Northeast Bancorp fundamentals over time.
Northeast |
| Check Northeast Bancorp Volatility | Backtest Northeast Bancorp | Information Ratio |
Northeast Bancorp Trading Date Momentum
| On November 27 2024 Northeast Bancorp was traded for 99.60 at the closing time. Highest Northeast Bancorp's price during the trading hours was 101.18 and the lowest price during the day was 98.11 . There was no trading activity during the period 0.0. Lack of trading volume on the 27th of November did not cause price change. The trading delta at closing time to current price is 0.40% . |
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Other Forecasting Options for Northeast Bancorp
For every potential investor in Northeast, whether a beginner or expert, Northeast Bancorp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Northeast Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Northeast. Basic forecasting techniques help filter out the noise by identifying Northeast Bancorp's price trends.Northeast Bancorp Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Northeast Bancorp stock to make a market-neutral strategy. Peer analysis of Northeast Bancorp could also be used in its relative valuation, which is a method of valuing Northeast Bancorp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Northeast Bancorp Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Northeast Bancorp's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Northeast Bancorp's current price.| Cycle Indicators | ||
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Northeast Bancorp Market Strength Events
Market strength indicators help investors to evaluate how Northeast Bancorp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Northeast Bancorp shares will generate the highest return on investment. By undertsting and applying Northeast Bancorp stock market strength indicators, traders can identify Northeast Bancorp entry and exit signals to maximize returns.
Northeast Bancorp Risk Indicators
The analysis of Northeast Bancorp's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Northeast Bancorp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting northeast stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.58 | |||
| Semi Deviation | 0.6916 | |||
| Standard Deviation | 2.29 | |||
| Variance | 5.24 | |||
| Downside Variance | 1.25 | |||
| Semi Variance | 0.4783 | |||
| Expected Short fall | (2.27) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Northeast Bancorp
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 Northeast Bancorp 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 Northeast Bancorp will appreciate offsetting losses from the drop in the long position's value.Moving together with Northeast Stock
| 0.81 | AX | Axos Financial | PairCorr |
| 0.8 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.62 | KB | KB Financial Group | PairCorr |
Moving against Northeast Stock
| 0.61 | TFC-PO | Truist Financial | PairCorr |
| 0.54 | TFC-PR | Truist Financial | PairCorr |
| 0.52 | CFG-PE | Citizens Financial | PairCorr |
| 0.48 | WF | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to Northeast Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northeast Bancorp 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 Northeast Bancorp - 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 Northeast Bancorp to buy it.
The correlation of Northeast Bancorp 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 Northeast Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northeast Bancorp 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 Northeast Bancorp 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.Check out Historical Fundamental Analysis of Northeast Bancorp to cross-verify your projections. To learn how to invest in Northeast Stock, please use our How to Invest in Northeast Bancorp guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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 Northeast Bancorp. If investors know Northeast 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 Northeast 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 0.05 | Dividend Share 0.04 | Earnings Share 7.57 | Revenue Per Share 20.544 | Quarterly Revenue Growth 0.132 |
The market value of Northeast Bancorp is measured differently than its book value, which is the value of Northeast that is recorded on the company's balance sheet. Investors also form their own opinion of Northeast Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Northeast 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 Northeast Bancorp's market value can be influenced by many factors that don't directly affect Northeast 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 Northeast Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northeast Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northeast 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.