Northern Shield's market value is the price at which a share of Northern Shield trades on a public exchange. It measures the collective expectations of Northern Shield Resources investors about its performance. Northern Shield is trading at 0.15 as of the 18th of January 2025. This is a 560.79 percent increase since the beginning of the trading day. The stock's lowest day price was 0.15. With this module, you can estimate the performance of a buy and hold strategy of Northern Shield Resources and determine expected loss or profit from investing in Northern Shield over a given investment horizon. Check out Northern Shield Correlation, Northern Shield Volatility and Northern Shield Alpha and Beta module to complement your research on Northern Shield.
Please note, there is a significant difference between Northern Shield's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Shield is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Shield'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.
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 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 Northern Shield.
0.00
12/19/2024
No Change 0.00
0.0
In 31 days
01/18/2025
0.00
If you would invest 0.00 in Northern Shield on December 19, 2024 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 BHP Group, Glencore PLC, Vale SA, Rio Tinto, and Lithium Americas. 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 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 Northern Shield Resources 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 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.
Northern Shield is out of control given 3 months investment horizon. Northern Shield Resources has Sharpe Ratio of 0.2, which conveys that the firm had a 0.2% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-one different technical indicators, which can help you to evaluate if expected returns of 24.93% are justified by taking the suggested risk. Use Northern Shield Resources Risk Adjusted Performance of 0.1727, standard deviation of 120.27, and Mean Deviation of 50.89 to evaluate company specific risk that cannot be diversified away. Northern Shield holds a performance score of 15 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 1.79, 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 total risk alpha, kurtosis, as well as the relationship between the Kurtosis and day typical price , to analyze future returns on Northern Shield Resources.
Auto-correlation
-0.36
Poor reverse predictability
Northern Shield Resources has poor reverse predictability. Overlapping area represents the amount of predictability between Northern Shield time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 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 Northern Shield Resources price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Northern Shield price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.36
Spearman Rank Test
-0.55
Residual Average
0.0
Price Variance
0.0
Northern Shield Resources lagged returns against current returns
Autocorrelation, which is Northern Shield 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 Northern Shield's pink sheet 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 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
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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Shield pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northern Shield pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Northern Shield Resources.
Other Information on Investing in Northern Pink Sheet
Northern Shield financial ratios help investors to determine whether Northern 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 Northern with respect to the benefits of owning Northern Shield security.