Northern Star (Australia) Market Value
| NST Stock | 17.61 0.29 1.62% |
| Symbol | Northern |
Northern Star '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 Star'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 Star.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Northern Star on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Northern Star Resources or generate 0.0% return on investment in Northern Star over 510 days. Northern Star is related to or competes with Australian Unity, Centuria Industrial, Computershare, Richmond Vanadium, and Aurelia Metals. Northern Star is entity of Australia. It is traded as Stock on AU exchange. More
Northern Star 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 Star'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 Star Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.14 | |||
| Information Ratio | 0.0738 | |||
| Maximum Drawdown | 11.36 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 3.53 |
Northern Star Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Star's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Star's standard deviation. In reality, there are many statistical measures that can use Northern Star historical prices to predict the future Northern Star's volatility.| Risk Adjusted Performance | 0.1129 | |||
| Jensen Alpha | 0.2599 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0672 | |||
| Treynor Ratio | 12.61 |
Northern Star Resources Backtested Returns
Northern Star appears to be very steady, given 3 months investment horizon. Northern Star Resources 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. We have found twenty-nine technical indicators for Northern Star, which you can use to evaluate the volatility of the firm. Please exercise Northern Star's Mean Deviation of 1.35, risk adjusted performance of 0.1129, and Downside Deviation of 2.14 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Northern Star holds a performance score of 11. The company secures a Beta (Market Risk) of 0.0208, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Northern Star's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northern Star is expected to be smaller as well. Please check Northern Star's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether Northern Star's current price movements will revert.
Auto-correlation | 0.65 |
Good predictability
Northern Star Resources has good predictability. Overlapping area represents the amount of predictability between Northern Star time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Northern Star Resources price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Northern Star price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 1.92 |
Northern Star Resources lagged returns against current returns
Autocorrelation, which is Northern Star 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 Star's stock expected returns. We can calculate the autocorrelation of Northern Star returns to help us make a trade decision. For example, suppose you find that Northern Star 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 Star 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 Star stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Star stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northern Star stock over time.
Current vs Lagged Prices |
| Timeline |
Northern Star Lagged Returns
When evaluating Northern Star's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Star stock have on its future price. Northern Star 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 Star autocorrelation shows the relationship between Northern Star stock current value and its past values and can show if there is a momentum factor associated with investing in Northern Star Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Northern Stock Analysis
When running Northern Star's price analysis, check to measure Northern Star'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 Star is operating at the current time. Most of Northern Star's value examination focuses on studying past and present price action to predict the probability of Northern Star'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 Star's price. Additionally, you may evaluate how the addition of Northern Star to your portfolios can decrease your overall portfolio volatility.