North American's market value is the price at which a share of North American trades on a public exchange. It measures the collective expectations of The North American investors about its performance. North American is selling for under 331.00 as of the 5th of January 2025; that is 0.3 percent decrease since the beginning of the trading day. The stock's lowest day price was 327.0. With this module, you can estimate the performance of a buy and hold strategy of The North American and determine expected loss or profit from investing in North American over a given investment horizon. Check out North American Correlation, North American Volatility and North American Alpha and Beta module to complement your research on North American.
Please note, there is a significant difference between North American's value and its price as these two are different measures arrived at by different means. Investors typically determine if North American is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, North American's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
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 The North American upside and downside potential and time the market with a certain degree of confidence.
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.
Currently, The North American is very steady. North American has Sharpe Ratio of 0.0582, which conveys that the firm had a 0.0582% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for North American, which you can use to evaluate the volatility of the firm. Please verify North American's Risk Adjusted Performance of 0.0492, market risk adjusted performance of 0.1587, and Downside Deviation of 1.25 to check out if the risk estimate we provide is consistent with the expected return of 0.059%. North American has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.33, which conveys possible diversification benefits within a given portfolio. 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 right now secures a risk of 1.01%. Please verify The North American downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if The North American will be following its current price movements.
Auto-correlation
-0.46
Modest reverse predictability
The North American has modest reverse predictability. Overlapping area represents the amount of predictability between North American time series from 7th of October 2024 to 21st of November 2024 and 21st of November 2024 to 5th of January 2025. 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 price movement. The serial correlation of -0.46 indicates that about 46.0% of current North American price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.46
Spearman Rank Test
-0.39
Residual Average
0.0
Price Variance
30.68
North American 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 The North American.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When running North American's price analysis, check to measure North American'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 North American is operating at the current time. Most of North American's value examination focuses on studying past and present price action to predict the probability of North American's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move North American's price. Additionally, you may evaluate how the addition of North American to your portfolios can decrease your overall portfolio volatility.