Northern Technologies Stock Market Value
| NTIC Stock | USD 14.24 0.38 2.74% |
| Symbol | Northern |
Northern Technologies Price To Book Ratio
Is Specialty Chemicals 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 Northern Technologies. If investors know Northern 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 Northern Technologies 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 (0.09) | Earnings Share 0.55 | Revenue Per Share 8.752 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0079 |
The market value of Northern Technologies is measured differently than its book value, which is the value of Northern that is recorded on the company's balance sheet. Investors also form their own opinion of Northern Technologies' value that differs from its market value or its book value, called intrinsic value, which is Northern Technologies' 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 Northern Technologies' market value can be influenced by many factors that don't directly affect Northern Technologies' 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 Northern Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Technologies' 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 Technologies '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 Technologies' 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 Technologies.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Northern Technologies on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Northern Technologies or generate 0.0% return on investment in Northern Technologies over 30 days. Northern Technologies is related to or competes with Innospec, H B, Quaker Chemical, Minerals Technologies, Oil Dri, Sensient Technologies, and Ecovyst. Northern Technologies International Corporation develops and markets rust and corrosion inhibiting products and services... More
Northern Technologies 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 Technologies' 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 Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.52 | |||
| Information Ratio | 0.0326 | |||
| Maximum Drawdown | 9.79 | |||
| Value At Risk | (4.24) | |||
| Potential Upside | 4.73 |
Northern Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Technologies' standard deviation. In reality, there are many statistical measures that can use Northern Technologies historical prices to predict the future Northern Technologies' volatility.| Risk Adjusted Performance | 0.0631 | |||
| Jensen Alpha | 0.0327 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0348 | |||
| Treynor Ratio | 0.1206 |
Northern Technologies Backtested Returns
At this point, Northern Technologies is somewhat reliable. Northern Technologies has Sharpe Ratio of 0.0337, which conveys that the firm had a 0.0337% return per unit of risk over the last 3 months. We have found thirty technical indicators for Northern Technologies, which you can use to evaluate the volatility of the firm. Please verify Northern Technologies' Mean Deviation of 2.2, risk adjusted performance of 0.0631, and Downside Deviation of 2.52 to check out if the risk estimate we provide is consistent with the expected return of 0.0887%. Northern Technologies has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.55, 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 Technologies will likely underperform. Northern Technologies right now secures a risk of 2.63%. Please verify Northern Technologies expected short fall, and the relationship between the value at risk and daily balance of power , to decide if Northern Technologies will be following its current price movements.
Auto-correlation | 0.74 |
Good predictability
Northern Technologies has good predictability. Overlapping area represents the amount of predictability between Northern Technologies time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Technologies price movement. The serial correlation of 0.74 indicates that around 74.0% of current Northern Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Northern Technologies lagged returns against current returns
Autocorrelation, which is Northern Technologies 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 Technologies' stock expected returns. We can calculate the autocorrelation of Northern Technologies returns to help us make a trade decision. For example, suppose you find that Northern Technologies 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 Technologies 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 Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northern Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Northern Technologies Lagged Returns
When evaluating Northern Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Technologies stock have on its future price. Northern Technologies 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 Technologies autocorrelation shows the relationship between Northern Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Northern Technologies.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Northern Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Northern Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Northern Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Northern Technologies Stock:Check out Northern Technologies Correlation, Northern Technologies Volatility and Northern Technologies Alpha and Beta module to complement your research on Northern Technologies. For information on how to trade Northern Stock refer to our How to Trade Northern Stock guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Northern Technologies technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.