Northland Power Stock Market Value
| NPIFF Stock | USD 14.19 0.38 2.61% |
| Symbol | Northland |
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.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Northland Power on October 27, 2024 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 Tidewater Renewables, Renew Energy, Clearway Energy, Brookfield Renewable, Atlantica Sustainable, Brookfield Renewable, and Altus Power. 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.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 12.19 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 2.97 |
Northland Power Market Risk Indicators
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.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | 0.3825 |
Northland Power Backtested Returns
Northland Power has Sharpe Ratio of -0.066, which conveys that the firm had a -0.066% 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 (0.04), standard deviation of 1.92, and Mean Deviation of 1.41 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.31, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Northland Power are expected to decrease at a much lower rate. During the bear market, Northland Power is likely to outperform the market. At this point, Northland Power has a negative expected return of -0.13%. 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 | 0.37 |
Below average predictability
Northland Power has below average predictability. Overlapping area represents the amount of predictability between Northland Power 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 Northland Power price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Northland Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
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.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
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.