Northern Dynasty Stock Forecast - Market Facilitation Index
| NDM Stock | CAD 0.63 0.02 3.08% |
Northern Stock Forecast is based on your current time horizon. Although Northern Dynasty's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Northern Dynasty's systematic risk associated with finding meaningful patterns of Northern Dynasty fundamentals over time.
Northern |
| Check Northern Dynasty Volatility | Backtest Northern Dynasty | Information Ratio |
Northern Dynasty Trading Date Momentum
| On December 01 2024 Northern Dynasty Minerals was traded for 0.63 at the closing time. The maximum traded price for the trading interval was 0.64 and the lowest daily price was 0.61 . There was no trading activity during the period 0.0. Lack of trading volume on 1st of December 2024 did not cause price change. The trading delta at closing time to the closing price today is 1.59% . |
Market Facilitation Index was developed by Dr. Bill Williams. This indicator can help to determine either strong or week signal that can follow the current trend line by looking at how Market Facilitation index correlates with trading volume over time.
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Other Forecasting Options for Northern Dynasty
For every potential investor in Northern, whether a beginner or expert, Northern Dynasty's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Northern Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Northern. Basic forecasting techniques help filter out the noise by identifying Northern Dynasty's price trends.Northern Dynasty 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 Northern Dynasty stock to make a market-neutral strategy. Peer analysis of Northern Dynasty could also be used in its relative valuation, which is a method of valuing Northern Dynasty by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Northern Dynasty Minerals 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 Northern Dynasty'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 Northern Dynasty's current price.| Cycle Indicators | ||
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| Volume Indicators |
Northern Dynasty Market Strength Events
Market strength indicators help investors to evaluate how Northern Dynasty stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Northern Dynasty shares will generate the highest return on investment. By undertsting and applying Northern Dynasty stock market strength indicators, traders can identify Northern Dynasty Minerals entry and exit signals to maximize returns.
Northern Dynasty Risk Indicators
The analysis of Northern Dynasty'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 Northern Dynasty's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting northern 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 | 3.16 | |||
| Semi Deviation | 2.96 | |||
| Standard Deviation | 4.68 | |||
| Variance | 21.86 | |||
| Downside Variance | 17.75 | |||
| Semi Variance | 8.77 | |||
| Expected Short fall | (5.04) |
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 Northern Dynasty
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 Dynasty 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 Dynasty will appreciate offsetting losses from the drop in the long position's value.Moving together with Northern Stock
Moving against Northern Stock
| 0.58 | INFM | Infinico Metals Corp | PairCorr |
| 0.46 | ORE | Orezone Gold Corp | PairCorr |
| 0.34 | VZ | Verizon Communications | PairCorr |
The ability to find closely correlated positions to Northern Dynasty 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 Dynasty 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 Dynasty - 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 Dynasty Minerals to buy it.
The correlation of Northern Dynasty 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 Dynasty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northern Dynasty Minerals 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 Dynasty 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 Northern Dynasty to cross-verify your projections. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.