North European Oil Stock Market Value
| NRT Stock | USD 4.15 0.20 4.60% |
| Symbol | North |
North European Oil Price To Book Ratio
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of North European. If investors know North will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about North European listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.012 | Dividend Share 0.46 | Earnings Share 0.47 | Revenue Per Share 0.563 | Quarterly Revenue Growth (0.01) |
The market value of North European Oil is measured differently than its book value, which is the value of North that is recorded on the company's balance sheet. Investors also form their own opinion of North European's value that differs from its market value or its book value, called intrinsic value, which is North European's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because North European's market value can be influenced by many factors that don't directly affect North European's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between North European's value and its price as these two are different measures arrived at by different means. Investors typically determine if North European is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, North European'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.
North European '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 European'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 European.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in North European on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding North European Oil or generate 0.0% return on investment in North European over 30 days. North European is related to or competes with Cross Timbers, VOC Energy, Sabine Royalty, Permianville Royalty, San Juan, Mesa Royalty, and MV Oil. North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in va... More
North European 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 European'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 European Oil upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 21.32 | |||
| Value At Risk | (3.92) | |||
| Potential Upside | 4.94 |
North European Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for North European's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as North European's standard deviation. In reality, there are many statistical measures that can use North European historical prices to predict the future North European's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | (0.27) |
North European Oil Backtested Returns
North European Oil has Sharpe Ratio of -0.15, which conveys that the firm had a -0.15% return per unit of risk over the last 3 months. North European exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify North European's Risk Adjusted Performance of (0.05), standard deviation of 3.21, and Mean Deviation of 2.16 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.95, which conveys possible diversification benefits within a given portfolio. North European returns are very sensitive to returns on the market. As the market goes up or down, North European is expected to follow. At this point, North European Oil has a negative expected return of -0.48%. Please make sure to verify North European's maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and relative strength index , to decide if North European Oil performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.75 |
Good predictability
North European Oil has good predictability. Overlapping area represents the amount of predictability between North European 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 European Oil price movement. The serial correlation of 0.75 indicates that around 75.0% of current North European price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
North European Oil lagged returns against current returns
Autocorrelation, which is North European 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 European's stock expected returns. We can calculate the autocorrelation of North European returns to help us make a trade decision. For example, suppose you find that North European 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 European 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 European stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if North European stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in North European stock over time.
Current vs Lagged Prices |
| Timeline |
North European Lagged Returns
When evaluating North European's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of North European stock have on its future price. North European 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 European autocorrelation shows the relationship between North European stock current value and its past values and can show if there is a momentum factor associated with investing in North European Oil.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for North Stock Analysis
When running North European's price analysis, check to measure North European'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 North European is operating at the current time. Most of North European's value examination focuses on studying past and present price action to predict the probability of North European's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move North European's price. Additionally, you may evaluate how the addition of North European to your portfolios can decrease your overall portfolio volatility.