North American (Germany) Market Value
| N5Z Stock | EUR 18.20 0.30 1.68% |
| Symbol | North |
North American 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to North American's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of North American.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in North American on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding North American Construction or generate 0.0% return on investment in North American over 90 days. North American is related to or competes with Monster Beverage, China Resources, Virtus Investment, Apollo Investment, Boston Beer, United Breweries, and ScanSource. North American Energy Partners Inc., through its subsidiaries, provides a range of mining and heavy construction service... More
North American Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure North American's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess North American Construction upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.71 | |||
| Information Ratio | 0.0265 | |||
| Maximum Drawdown | 17.38 | |||
| Value At Risk | (3.59) | |||
| Potential Upside | 3.31 |
North American Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for North American's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as North American's standard deviation. In reality, there are many statistical measures that can use North American historical prices to predict the future North American's volatility.| Risk Adjusted Performance | 0.0636 | |||
| Jensen Alpha | 0.1701 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0271 | |||
| Treynor Ratio | 0.9681 |
North American Const Backtested Returns
At this point, North American is not too volatile. North American Const has Sharpe Ratio of 0.0646, which conveys that the firm had a 0.0646% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for North American, which you can use to evaluate the volatility of the firm. Please verify North American's Mean Deviation of 1.8, downside deviation of 2.71, and Risk Adjusted Performance of 0.0636 to check out if the risk estimate we provide is consistent with the expected return of 0.18%. North American has a performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, North American's returns are expected to increase less than the market. However, during the bear market, the loss of holding North American is expected to be smaller as well. North American Const right now secures a risk of 2.81%. Please verify North American Construction downside variance, kurtosis, and the relationship between the value at risk and expected short fall , to decide if North American Construction will be following its current price movements.
Auto-correlation | -0.09 |
Very weak reverse predictability
North American Construction has very weak reverse predictability. Overlapping area represents the amount of predictability between North American time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of North American Const price movement. The serial correlation of -0.09 indicates that less than 9.0% of current North American price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 2.12 |
North American Const lagged returns against current returns
Autocorrelation, which is North American stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting North American's stock expected returns. We can calculate the autocorrelation of North American returns to help us make a trade decision. For example, suppose you find that North American has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
North American regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If North American stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if North American stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in North American stock over time.
Current vs Lagged Prices |
| Timeline |
North American Lagged Returns
When evaluating North American's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of North American stock have on its future price. North American autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, North American autocorrelation shows the relationship between North American stock current value and its past values and can show if there is a momentum factor associated with investing in North American Construction.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in North Stock
When determining whether North American Const offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of North American's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of North American Construction Stock. Outlined below are crucial reports that will aid in making a well-informed decision on North American Construction Stock:Check out North American Correlation, North American Volatility and North American Alpha and Beta module to complement your research on North American. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
North American 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.