Northstar Clean Technologies Stock Market Value
| ROOOF Stock | USD 0.20 0.02 9.09% |
| Symbol | Northstar |
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 otc 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.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Northstar Clean on October 27, 2024 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 30 days. Northstar Clean is related to or competes with Republic Services, Waste Connections, Clean Harbors, Gfl Environmental, and Casella Waste. Northstar Clean Technologies Inc., a clean technology company, focuses on the recovery and repurposing of single-use asp... 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 otc 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 | 7.44 | |||
| Information Ratio | 0.1182 | |||
| Maximum Drawdown | 23.38 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 11.11 |
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 | 0.1219 | |||
| Jensen Alpha | 0.6654 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0668 | |||
| Treynor Ratio | (1.47) |
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 0.65% is justified by implied risk. Please exercise Northstar Clean's Downside Deviation of 7.44, mean deviation of 2.31, and Risk Adjusted Performance of 0.1219 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 -0.42, 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 value at risk and the relationship between the expected short fall and period momentum indicator , to make a quick decision on whether Northstar Clean's current price movements will revert.
Auto-correlation | 0.64 |
Good predictability
Northstar Clean Technologies has good predictability. Overlapping area represents the amount of predictability between Northstar Clean time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Northstar Clean Tech price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Northstar Clean price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Northstar Clean Tech lagged returns against current returns
Autocorrelation, which is Northstar Clean otc 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 otc 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 otc 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 |
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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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northstar Clean otc 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 otc stock over time.
Current vs Lagged Prices |
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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 otc 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 otc 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in Northstar OTC Stock
Northstar Clean financial ratios help investors to determine whether Northstar OTC Stock 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 Northstar with respect to the benefits of owning Northstar Clean security.