Northern Dynasty Minerals Stock Market Value
| NAK Stock | USD 0.47 0.01 2.17% |
| Symbol | Northern |
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Northern Dynasty. If investors know Northern will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Northern Dynasty listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.03) | Return On Assets (0.08) | Return On Equity (0.14) |
The market value of Northern Dynasty Minerals is measured differently than its book value, which is the value of Northern that is recorded on the company's balance sheet. Investors also form their own opinion of Northern Dynasty's value that differs from its market value or its book value, called intrinsic value, which is Northern Dynasty's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Northern Dynasty's market value can be influenced by many factors that don't directly affect Northern Dynasty's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Northern Dynasty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Dynasty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Dynasty'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.
Northern Dynasty '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 Northern Dynasty'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 Northern Dynasty.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Northern Dynasty on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Northern Dynasty Minerals or generate 0.0% return on investment in Northern Dynasty over 30 days. Northern Dynasty is related to or competes with Vale SA, Teck Resources, BHP Group, Glencore PLC, Piedmont Lithium, Sigma Lithium, and Standard Lithium. Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States More
Northern Dynasty 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 Northern Dynasty'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 Northern Dynasty Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.49 | |||
| Information Ratio | 0.087 | |||
| Maximum Drawdown | 29.69 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 8.89 |
Northern Dynasty Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Dynasty's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Dynasty's standard deviation. In reality, there are many statistical measures that can use Northern Dynasty historical prices to predict the future Northern Dynasty's volatility.| Risk Adjusted Performance | 0.0954 | |||
| Jensen Alpha | 0.2006 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.1232 | |||
| Treynor Ratio | 0.19 |
Northern Dynasty Minerals Backtested Returns
Northern Dynasty appears to be abnormally volatile, given 3 months investment horizon. Northern Dynasty Minerals has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. By analyzing Northern Dynasty's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please exercise Northern Dynasty's Mean Deviation of 3.5, risk adjusted performance of 0.0954, and Downside Deviation of 3.49 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Northern Dynasty holds a performance score of 8. The company secures a Beta (Market Risk) of 2.9, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Northern Dynasty will likely underperform. Please check Northern Dynasty's value at risk and the relationship between the expected short fall and market facilitation index , to make a quick decision on whether Northern Dynasty's current price movements will revert.
Auto-correlation | 0.22 |
Weak predictability
Northern Dynasty Minerals has weak predictability. Overlapping area represents the amount of predictability between Northern Dynasty time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Northern Dynasty Minerals price movement. The serial correlation of 0.22 indicates that over 22.0% of current Northern Dynasty price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Northern Dynasty Minerals lagged returns against current returns
Autocorrelation, which is Northern Dynasty 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 Northern Dynasty's stock expected returns. We can calculate the autocorrelation of Northern Dynasty returns to help us make a trade decision. For example, suppose you find that Northern Dynasty 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 |
Northern Dynasty 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 Northern Dynasty stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Dynasty stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northern Dynasty stock over time.
Current vs Lagged Prices |
| Timeline |
Northern Dynasty Lagged Returns
When evaluating Northern Dynasty's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Dynasty stock have on its future price. Northern Dynasty 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, Northern Dynasty autocorrelation shows the relationship between Northern Dynasty stock current value and its past values and can show if there is a momentum factor associated with investing in Northern Dynasty Minerals.
Regressed Prices |
| Timeline |
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Northern Dynasty 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.