Northland Power's market value is the price at which a share of Northland Power trades on a public exchange. It measures the collective expectations of Northland Power investors about its performance. Northland Power is trading at 11.67 as of the 3rd of February 2025. This is a 1.39% up since the beginning of the trading day. The stock's lowest day price was 11.41. With this module, you can estimate the performance of a buy and hold strategy of Northland Power and determine expected loss or profit from investing in Northland Power over a given investment horizon. Check out Northland Power Correlation, Northland Power Volatility and Northland Power Alpha and Beta module to complement your research on Northland Power.
Please note, there is a significant difference between Northland Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northland Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northland Power'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.
Northland Power '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 Northland Power's pink sheet 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 Northland Power.
0.00
01/04/2025
No Change 0.00
0.0
In 30 days
02/03/2025
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If you would invest 0.00 in Northland Power on January 4, 2025 and sell it all today you would earn a total of 0.00 from holding Northland Power or generate 0.0% return on investment in Northland Power over 30 days. Northland Power is related to or competes with Kontrol Technologies, and Boralex. Northland Power Inc., an independent power producer, develops, builds, owns, and operates clean and green power projects... More
Northland Power 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 Northland Power's pink sheet 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 Northland Power 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 Northland Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northland Power's standard deviation. In reality, there are many statistical measures that can use Northland Power historical prices to predict the future Northland Power's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Northland Power. Your research has to be compared to or analyzed against Northland Power's peers to derive any actionable benefits. When done correctly, Northland Power's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Northland Power.
Northland Power Backtested Returns
Northland Power has Sharpe Ratio of -0.23, which conveys that the firm had a -0.23 % return per unit of risk over the last 3 months. Northland Power exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Northland Power's Risk Adjusted Performance of (0.17), mean deviation of 1.55, and Standard Deviation of 2.03 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.32, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Northland Power's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northland Power is expected to be smaller as well. At this point, Northland Power has a negative expected return of -0.46%. Please make sure to verify Northland Power's daily balance of power, and the relationship between the skewness and day typical price , to decide if Northland Power performance from the past will be repeated at some point in the near future.
Auto-correlation
0.03
Virtually no predictability
Northland Power has virtually no predictability. Overlapping area represents the amount of predictability between Northland Power time series from 4th of January 2025 to 19th of January 2025 and 19th of January 2025 to 3rd of February 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 Northland Power price movement. The serial correlation of 0.03 indicates that only 3.0% of current Northland Power price fluctuation can be explain by its past prices.
Correlation Coefficient
0.03
Spearman Rank Test
-0.15
Residual Average
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Price Variance
0.2
Northland Power lagged returns against current returns
Autocorrelation, which is Northland Power pink sheet'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 Northland Power's pink sheet expected returns. We can calculate the autocorrelation of Northland Power returns to help us make a trade decision. For example, suppose you find that Northland Power has exhibited high autocorrelation historically, and you observe that the pink sheet 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
Northland Power 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 Northland Power pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northland Power pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northland Power pink sheet over time.
Current vs Lagged Prices
Timeline
Northland Power Lagged Returns
When evaluating Northland Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northland Power pink sheet have on its future price. Northland Power 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, Northland Power autocorrelation shows the relationship between Northland Power pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Northland Power.
Other Information on Investing in Northland Pink Sheet
Northland Power financial ratios help investors to determine whether Northland Pink Sheet 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 Northland with respect to the benefits of owning Northland Power security.