North Atlantic (UK) Market Value
| NAS Stock | 3,770 10.00 0.26% |
| Symbol | North |
North Atlantic '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 Atlantic'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 Atlantic.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in North Atlantic on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding North Atlantic Smaller or generate 0.0% return on investment in North Atlantic over 30 days. North Atlantic is related to or competes with DXC Technology, American Homes, Beazer Homes, Synthomer Plc, Qurate Retail, Check Point, and DFS Furniture. North Atlantic is entity of United Kingdom More
North Atlantic 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 Atlantic'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 Atlantic Smaller upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 7.72 | |||
| Value At Risk | (2.79) | |||
| Potential Upside | 2.15 |
North Atlantic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for North Atlantic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as North Atlantic's standard deviation. In reality, there are many statistical measures that can use North Atlantic historical prices to predict the future North Atlantic's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.23) |
North Atlantic Smaller Backtested Returns
North Atlantic Smaller has Sharpe Ratio of -0.078, which conveys that the firm had a -0.078% return per unit of risk over the last 3 months. North Atlantic exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify North Atlantic's Risk Adjusted Performance of (0.03), mean deviation of 1.14, and Standard Deviation of 1.56 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.4, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, North Atlantic's returns are expected to increase less than the market. However, during the bear market, the loss of holding North Atlantic is expected to be smaller as well. At this point, North Atlantic Smaller has a negative expected return of -0.11%. Please make sure to verify North Atlantic's daily balance of power, market facilitation index, and the relationship between the kurtosis and day median price , to decide if North Atlantic Smaller performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
North Atlantic Smaller has modest predictability. Overlapping area represents the amount of predictability between North Atlantic time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th of December 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 Atlantic Smaller price movement. The serial correlation of 0.55 indicates that about 55.0% of current North Atlantic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 728.93 |
North Atlantic Smaller lagged returns against current returns
Autocorrelation, which is North Atlantic 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 Atlantic's stock expected returns. We can calculate the autocorrelation of North Atlantic returns to help us make a trade decision. For example, suppose you find that North Atlantic 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 Atlantic 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 Atlantic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if North Atlantic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in North Atlantic stock over time.
Current vs Lagged Prices |
| Timeline |
North Atlantic Lagged Returns
When evaluating North Atlantic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of North Atlantic stock have on its future price. North Atlantic 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 Atlantic autocorrelation shows the relationship between North Atlantic stock current value and its past values and can show if there is a momentum factor associated with investing in North Atlantic Smaller.
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.Other Information on Investing in North Stock
North Atlantic financial ratios help investors to determine whether North Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in North with respect to the benefits of owning North Atlantic security.