Northgold (Sweden) Price on November 27, 2024

NG Stock   0.72  0.01  1.37%   
If you're considering investing in Northgold Stock, it is important to understand the factors that can impact its price. As of today, the current price of Northgold stands at 0.72, as last reported on the 28th of November, with the highest price reaching 0.74 and the lowest price hitting 0.67 during the day. Northgold AB has Sharpe Ratio of -0.0738, which conveys that the firm had a -0.0738% return per unit of risk over the last 3 months. Northgold exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Northgold's Mean Deviation of 5.35, standard deviation of 9.0, and Risk Adjusted Performance of (0.1) to check out the risk estimate we provide.
  
Northgold Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0738

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Estimated Market Risk

 8.21
  actual daily
73
73% of assets are less volatile

Expected Return

 -0.61
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.07
  actual daily
0
Most of other assets perform better
Based on monthly moving average Northgold is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Northgold by adding Northgold to a well-diversified portfolio.

Northgold Valuation on November 27, 2024

It is possible to determine the worth of Northgold on a given historical date. On November 27, 2024 Northgold was worth 0.74 at the beginning of the trading date compared to the closed value of 0.72. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Northgold stock. Still, in general, we apply an absolute valuation method to find Northgold's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Northgold where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Northgold's related companies.
 Open High Low Close Volume
  0.69    0.73    0.68    0.73    77,519  
11/27/2024
  0.74    0.74    0.67    0.72    37,495  
Backtest Northgold  |  Northgold History  |  Northgold Valuation   Previous
Open Value
0.74
0.72
Closing Value
25.37
Upside

Northgold Trading Date Momentum on November 27, 2024

On November 27 2024 Northgold AB was traded for  0.72  at the closing time. The highest daily price throughout the period was 0.74  and the lowest price was  0.67 . The daily volume was 37.5 K. The net trading volume on 11/27/2024 did not cause price change. The trading delta at closing time to current closing price is 2.78% .

Northgold AB Fundamentals Correlations and Trends

By evaluating Northgold's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Northgold's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Northgold financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Northgold Stock history

Northgold investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Northgold is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Northgold AB will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Northgold stock prices may prove useful in developing a viable investing in Northgold

Northgold Stock Technical Analysis

Northgold technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Northgold technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Northgold trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Northgold Period Price Range

Low
November 28, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Northgold AB cannot be verified against its exchange. Please verify the symbol is currently traded on Stockholm Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Northgold November 28, 2024 Market Strength

Market strength indicators help investors to evaluate how Northgold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Northgold shares will generate the highest return on investment. By undertsting and applying Northgold stock market strength indicators, traders can identify Northgold AB entry and exit signals to maximize returns

Northgold Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Northgold's price direction in advance. Along with the technical and fundamental analysis of Northgold Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Northgold to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Additional Tools for Northgold Stock Analysis

When running Northgold's price analysis, check to measure Northgold'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 Northgold is operating at the current time. Most of Northgold's value examination focuses on studying past and present price action to predict the probability of Northgold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northgold's price. Additionally, you may evaluate how the addition of Northgold to your portfolios can decrease your overall portfolio volatility.