Northcliff Resources Stock Forecast - Accumulation Distribution
| NCF Stock | CAD 0.03 0.01 14.29% |
Northcliff Stock Forecast is based on your current time horizon. Although Northcliff Resources' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Northcliff Resources' systematic risk associated with finding meaningful patterns of Northcliff Resources fundamentals over time.
Northcliff |
| Check Northcliff Resources Volatility | Backtest Northcliff Resources | Trend Details |
Northcliff Resources Trading Date Momentum
| On November 26 2024 Northcliff Resources was traded for 0.03 at the closing time. The maximum traded price for the trading interval was 0.04 and the lowest daily price was 0.03 . The daily volume was recorded at 44.3 K. The volume of trading on 26th of November 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 25.00% . The trading delta at closing time to the closing price today is 25.00% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
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Other Forecasting Options for Northcliff Resources
For every potential investor in Northcliff, whether a beginner or expert, Northcliff Resources' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Northcliff Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Northcliff. Basic forecasting techniques help filter out the noise by identifying Northcliff Resources' price trends.Northcliff Resources 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 Northcliff Resources stock to make a market-neutral strategy. Peer analysis of Northcliff Resources could also be used in its relative valuation, which is a method of valuing Northcliff Resources by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Northcliff Resources 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 Northcliff Resources' 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 Northcliff Resources' current price.| Cycle Indicators | ||
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Northcliff Resources Market Strength Events
Market strength indicators help investors to evaluate how Northcliff Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Northcliff Resources shares will generate the highest return on investment. By undertsting and applying Northcliff Resources stock market strength indicators, traders can identify Northcliff Resources entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.86 | |||
| Day Median Price | 0.03 | |||
| Day Typical Price | 0.03 | |||
| Price Action Indicator | (0) | |||
| Period Momentum Indicator | (0.01) | |||
| Relative Strength Index | 42.72 |
Northcliff Resources Risk Indicators
The analysis of Northcliff Resources' 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 Northcliff Resources' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting northcliff 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 | 10.2 | |||
| Semi Deviation | 9.97 | |||
| Standard Deviation | 15.7 | |||
| Variance | 246.56 | |||
| Downside Variance | 421.62 | |||
| Semi Variance | 99.41 | |||
| Expected Short fall | (24.17) |
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 Northcliff Resources
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 Northcliff Resources 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 Northcliff Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Northcliff Stock
The ability to find closely correlated positions to Northcliff Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northcliff Resources 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 Northcliff Resources - 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 Northcliff Resources to buy it.
The correlation of Northcliff Resources 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 Northcliff Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northcliff 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 Northcliff Resources 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.Other Information on Investing in Northcliff Stock
Northcliff Resources financial ratios help investors to determine whether Northcliff 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 Northcliff with respect to the benefits of owning Northcliff Resources security.