Northern Shield Resources Stock Market Value
| NRN Stock | CAD 0.07 0.01 6.25% |
| Symbol | Northern |
Northern Shield Resources Price To Book Ratio
Northern Shield '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 Shield'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 Shield.
| 12/17/2025 |
| 01/16/2026 |
If you would invest 0.00 in Northern Shield on December 17, 2025 and sell it all today you would earn a total of 0.00 from holding Northern Shield Resources or generate 0.0% return on investment in Northern Shield over 30 days. Northern Shield is related to or competes with Murchison Minerals. Northern Shield Resources Inc., a natural resource company, engages in identifying, acquiring, and exploring mineral pro... More
Northern Shield 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 Shield'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 Shield Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 17.87 | |||
| Information Ratio | 0.0566 | |||
| Maximum Drawdown | 52.5 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 20.0 |
Northern Shield Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Shield's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Shield's standard deviation. In reality, there are many statistical measures that can use Northern Shield historical prices to predict the future Northern Shield's volatility.| Risk Adjusted Performance | 0.055 | |||
| Jensen Alpha | 0.5929 | |||
| Total Risk Alpha | (0.93) | |||
| Sortino Ratio | 0.0375 | |||
| Treynor Ratio | 0.4326 |
Northern Shield Resources Backtested Returns
Northern Shield is out of control given 3 months investment horizon. Northern Shield Resources 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. We were able to interpolate twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.28% are justified by taking the suggested risk. Use Northern Shield Resources Mean Deviation of 7.21, downside deviation of 17.87, and Risk Adjusted Performance of 0.055 to evaluate company specific risk that cannot be diversified away. Northern Shield holds a performance score of 8 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 1.78, 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 Shield will likely underperform. Use Northern Shield Resources value at risk and the relationship between the expected short fall and period momentum indicator , to analyze future returns on Northern Shield Resources.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Northern Shield Resources has insignificant reverse predictability. Overlapping area represents the amount of predictability between Northern Shield time series from 17th of December 2025 to 1st of January 2026 and 1st of January 2026 to 16th of January 2026. 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 Shield Resources price movement. The serial correlation of -0.18 indicates that over 18.0% of current Northern Shield price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Northern Shield Resources lagged returns against current returns
Autocorrelation, which is Northern Shield 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 Shield's stock expected returns. We can calculate the autocorrelation of Northern Shield returns to help us make a trade decision. For example, suppose you find that Northern Shield 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 Shield 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 Shield stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Shield stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northern Shield stock over time.
Current vs Lagged Prices |
| Timeline |
Northern Shield Lagged Returns
When evaluating Northern Shield's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Shield stock have on its future price. Northern Shield 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 Shield autocorrelation shows the relationship between Northern Shield stock current value and its past values and can show if there is a momentum factor associated with investing in Northern Shield Resources.
Regressed Prices |
| Timeline |
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Additional Tools for Northern Stock Analysis
When running Northern Shield's price analysis, check to measure Northern Shield's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Northern Shield is operating at the current time. Most of Northern Shield's value examination focuses on studying past and present price action to predict the probability of Northern Shield's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northern Shield's price. Additionally, you may evaluate how the addition of Northern Shield to your portfolios can decrease your overall portfolio volatility.