Northern Ocean Stock Market Value
| NTNOF Stock | USD 0.60 0.00 0.00% |
| Symbol | Northern |
Please note, there is a significant difference between Northern Ocean's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Ocean is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Ocean'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 Ocean '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 Ocean'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 Ocean.
| 11/30/2025 |
| 12/30/2025 |
If you would invest 0.00 in Northern Ocean on November 30, 2025 and sell it all today you would earn a total of 0.00 from holding Northern Ocean or generate 0.0% return on investment in Northern Ocean over 30 days. Northern Ocean is related to or competes with Archer, Vantage Drilling, Lundin Energy, Calfrac Well, Pardee Resources, Pine Cliff, and Cairn Energy. More
Northern Ocean 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 Ocean'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 Ocean upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0382 | |||
| Maximum Drawdown | 3.57 |
Northern Ocean Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Ocean's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Ocean's standard deviation. In reality, there are many statistical measures that can use Northern Ocean historical prices to predict the future Northern Ocean's volatility.| Risk Adjusted Performance | 0.1217 | |||
| Jensen Alpha | 0.0953 | |||
| Total Risk Alpha | 0.0332 | |||
| Treynor Ratio | 6.83 |
Northern Ocean Backtested Returns
At this point, Northern Ocean is risky. Northern Ocean has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18 % return per unit of risk over the last 3 months. We have found seventeen technical indicators for Northern Ocean, which you can use to evaluate the volatility of the firm. Please verify Northern Ocean's Standard Deviation of 0.6064, mean deviation of 0.2063, and Risk Adjusted Performance of 0.1217 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. Northern Ocean has a performance score of 14 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0141, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Northern Ocean's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northern Ocean is expected to be smaller as well. Northern Ocean right now secures a risk of 0.61%. Please verify Northern Ocean standard deviation, as well as the relationship between the maximum drawdown and day median price , to decide if Northern Ocean will be following its current price movements.
Auto-correlation | 1.00 |
Perfect predictability
Northern Ocean has perfect predictability. Overlapping area represents the amount of predictability between Northern Ocean time series from 30th of November 2025 to 15th of December 2025 and 15th of December 2025 to 30th of December 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 Ocean price movement. The serial correlation of 1.0 indicates that 100.0% of current Northern Ocean price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Northern Ocean lagged returns against current returns
Autocorrelation, which is Northern Ocean 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 Ocean's pink sheet expected returns. We can calculate the autocorrelation of Northern Ocean returns to help us make a trade decision. For example, suppose you find that Northern Ocean 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 Ocean 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 Ocean pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Ocean 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 Ocean pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Northern Ocean Lagged Returns
When evaluating Northern Ocean's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Ocean pink sheet have on its future price. Northern Ocean 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 Ocean autocorrelation shows the relationship between Northern Ocean pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Northern Ocean.
Regressed Prices |
| Timeline |
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Other Information on Investing in Northern Pink Sheet
Northern Ocean 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 Ocean security.