Northland Power Stock Probability of Future Stock Price Finishing Under 15.56
| NPI Stock | CAD 19.70 0.16 0.81% |
Northland |
Northland Power Target Price Odds to finish below 15.56
The tendency of Northland Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to C$ 15.56 or more in 90 days |
| 19.70 | 90 days | 15.56 | near 1 |
Based on a normal probability distribution, the odds of Northland Power to drop to C$ 15.56 or more in 90 days from now is near 1 (This Northland Power probability density function shows the probability of Northland Stock to fall within a particular range of prices over 90 days) . Probability of Northland Power price to stay between C$ 15.56 and its current price of C$19.7 at the end of the 90-day period is nearly 4.45 .
Assuming the 90 days trading horizon Northland Power has a beta of -0.84. This indicates as returns on the benchmark increase, returns on holding Northland Power are expected to decrease at a much lower rate. During a bear market, however, Northland Power is likely to outperform the market. Additionally Northland Power has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Northland Power Price Density |
| Price |
Predictive Modules for Northland Power
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Northland Power. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Northland Power Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Northland Power is not an exception. The market had few large corrections towards the Northland Power's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Northland Power, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Northland Power within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | -0.84 | |
σ | Overall volatility | 1.00 | |
Ir | Information ratio | -0.15 |
Northland Power Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Northland Power for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Northland Power can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Northland Power generated a negative expected return over the last 90 days | |
| Northland Power has accumulated 7.2 B in total debt with debt to equity ratio (D/E) of 4.12, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Northland Power has a current ratio of 0.8, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Northland Power until it has trouble settling it off, either with new capital or with free cash flow. So, Northland Power's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Northland Power sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Northland to invest in growth at high rates of return. When we think about Northland Power's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 2.23 B. Net Loss for the year was (96.13 M) with profit before overhead, payroll, taxes, and interest of 1.83 B. | |
| On 30th of September 2024 Northland Power paid C$ 0.1 per share dividend to its current shareholders | |
| Latest headline from news.google.com: Why Northland Power Is a Top Energy Stock Thats Not Getting the Love it Deserves - MSN |
Northland Power Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Northland Stock often depends not only on the future outlook of the current and potential Northland Power's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Northland Power's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 252.7 M | |
| Cash And Short Term Investments | 642.5 M |
Northland Power Technical Analysis
Northland Power's future price can be derived by breaking down and analyzing its technical indicators over time. Northland Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Northland Power. In general, you should focus on analyzing Northland Stock price patterns and their correlations with different microeconomic environments and drivers.
Northland Power Predictive Forecast Models
Northland Power's time-series forecasting models is one of many Northland Power's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Northland Power's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Northland Power
Checking the ongoing alerts about Northland Power for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Northland Power help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Northland Power generated a negative expected return over the last 90 days | |
| Northland Power has accumulated 7.2 B in total debt with debt to equity ratio (D/E) of 4.12, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Northland Power has a current ratio of 0.8, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Northland Power until it has trouble settling it off, either with new capital or with free cash flow. So, Northland Power's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Northland Power sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Northland to invest in growth at high rates of return. When we think about Northland Power's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 2.23 B. Net Loss for the year was (96.13 M) with profit before overhead, payroll, taxes, and interest of 1.83 B. | |
| On 30th of September 2024 Northland Power paid C$ 0.1 per share dividend to its current shareholders | |
| Latest headline from news.google.com: Why Northland Power Is a Top Energy Stock Thats Not Getting the Love it Deserves - MSN |
Other Information on Investing in Northland Stock
Northland Power financial ratios help investors to determine whether Northland Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Northland with respect to the benefits of owning Northland Power security.