Northstar Clean Technologies Stock Market Value
| ROOF Stock | 0.28 0.02 6.67% |
| Symbol | Northstar |
Northstar Clean Tech Price To Book Ratio
Northstar Clean '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 Northstar Clean'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 Northstar Clean.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Northstar Clean on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Northstar Clean Technologies or generate 0.0% return on investment in Northstar Clean over 720 days. Northstar Clean is related to or competes with Cielo Waste, and CHAR Technologies. Northstar Clean is entity of Canada. It is traded as Stock on V exchange. More
Northstar Clean 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 Northstar Clean'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 Northstar Clean Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.59 | |||
| Information Ratio | 0.1582 | |||
| Maximum Drawdown | 19.11 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 10.53 |
Northstar Clean Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northstar Clean's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northstar Clean's standard deviation. In reality, there are many statistical measures that can use Northstar Clean historical prices to predict the future Northstar Clean's volatility.| Risk Adjusted Performance | 0.1494 | |||
| Jensen Alpha | 0.8141 | |||
| Total Risk Alpha | 0.2118 | |||
| Sortino Ratio | 0.1145 | |||
| Treynor Ratio | (0.99) |
Northstar Clean Tech Backtested Returns
Northstar Clean appears to be out of control, given 3 months investment horizon. Northstar Clean Tech has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. By analyzing Northstar Clean's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please exercise Northstar Clean's Mean Deviation of 2.61, risk adjusted performance of 0.1494, and Downside Deviation of 5.59 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Northstar Clean holds a performance score of 12. The company secures a Beta (Market Risk) of -0.75, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Northstar Clean are expected to decrease at a much lower rate. During the bear market, Northstar Clean is likely to outperform the market. Please check Northstar Clean's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Northstar Clean's current price movements will revert.
Auto-correlation | -0.27 |
Weak reverse predictability
Northstar Clean Technologies has weak reverse predictability. Overlapping area represents the amount of predictability between Northstar Clean time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 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 Northstar Clean Tech price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Northstar Clean price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Northstar Clean Tech lagged returns against current returns
Autocorrelation, which is Northstar Clean 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 Northstar Clean's stock expected returns. We can calculate the autocorrelation of Northstar Clean returns to help us make a trade decision. For example, suppose you find that Northstar Clean 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 |
Northstar Clean 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 Northstar Clean stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northstar Clean stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northstar Clean stock over time.
Current vs Lagged Prices |
| Timeline |
Northstar Clean Lagged Returns
When evaluating Northstar Clean's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northstar Clean stock have on its future price. Northstar Clean 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, Northstar Clean autocorrelation shows the relationship between Northstar Clean stock current value and its past values and can show if there is a momentum factor associated with investing in Northstar Clean Technologies.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Northstar Stock Analysis
When running Northstar Clean's price analysis, check to measure Northstar Clean'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 Northstar Clean is operating at the current time. Most of Northstar Clean's value examination focuses on studying past and present price action to predict the probability of Northstar Clean's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northstar Clean's price. Additionally, you may evaluate how the addition of Northstar Clean to your portfolios can decrease your overall portfolio volatility.