North Energy (Norway) Market Value
| NORTH Stock | NOK 2.70 0.10 3.57% |
| Symbol | North |
North Energy '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 Energy'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 Energy.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in North Energy on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding North Energy ASA or generate 0.0% return on investment in North Energy over 30 days. North Energy is related to or competes with Arcticzymes Technologies, Sunndal Sparebank, Romsdal Sparebank, Odfjell Technology, PCI Biotech, Kraft Bank, and Aasen Sparebank. Previously, it was engaged in the exploration, development, and production of oil and gas in the Norwegian continental s... More
North Energy 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 Energy'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 Energy ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.86 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 7.51 | |||
| Value At Risk | (2.62) | |||
| Potential Upside | 2.77 |
North Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for North Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as North Energy's standard deviation. In reality, there are many statistical measures that can use North Energy historical prices to predict the future North Energy's volatility.| Risk Adjusted Performance | 0.0517 | |||
| Jensen Alpha | 0.0523 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.3098 |
North Energy ASA Backtested Returns
As of now, North Stock is slightly risky. North Energy ASA has Sharpe Ratio of 0.0479, which conveys that the firm had a 0.0479% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for North Energy, which you can use to evaluate the volatility of the firm. Please verify North Energy's Downside Deviation of 1.86, mean deviation of 1.16, and Risk Adjusted Performance of 0.0517 to check out if the risk estimate we provide is consistent with the expected return of 0.0781%. North Energy has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.28, which conveys not very significant fluctuations relative to the market. As returns on the market increase, North Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding North Energy is expected to be smaller as well. North Energy ASA right now secures a risk of 1.63%. Please verify North Energy ASA potential upside, as well as the relationship between the kurtosis and day typical price , to decide if North Energy ASA will be following its current price movements.
Auto-correlation | -0.22 |
Weak reverse predictability
North Energy ASA has weak reverse predictability. Overlapping area represents the amount of predictability between North Energy time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Energy ASA price movement. The serial correlation of -0.22 indicates that over 22.0% of current North Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
North Energy ASA lagged returns against current returns
Autocorrelation, which is North Energy 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 Energy's stock expected returns. We can calculate the autocorrelation of North Energy returns to help us make a trade decision. For example, suppose you find that North Energy 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 Energy 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 Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if North Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in North Energy stock over time.
Current vs Lagged Prices |
| Timeline |
North Energy Lagged Returns
When evaluating North Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of North Energy stock have on its future price. North Energy 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 Energy autocorrelation shows the relationship between North Energy stock current value and its past values and can show if there is a momentum factor associated with investing in North Energy ASA.
Regressed Prices |
| Timeline |
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North Energy 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 Energy security.