Northern Dynasty Minerals Stock Overlap Studies Double Exponential Moving Average
| NDM Stock | CAD 0.63 0.02 3.08% |
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Illegal number of arguments. The output start index for this execution was zero with a total number of output elements of zero. The Double Exponential Moving Average indicator was developed by Patrick Mulloy. It consists of a single exponential moving average and a double exponential moving average. This indicator is more responsive to Northern Dynasty Minerals changes than the simple moving average.
Northern Dynasty Technical Analysis Modules
Most technical analysis of Northern Dynasty help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Northern from various momentum indicators to cycle indicators. When you analyze Northern charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Northern Dynasty Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Northern Dynasty Minerals. We use our internally-developed statistical techniques to arrive at the intrinsic value of Northern Dynasty Minerals based on widely used predictive technical indicators. In general, we focus on analyzing Northern Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Northern Dynasty's daily price indicators and compare them against related drivers, such as overlap studies and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Northern Dynasty's intrinsic value. In addition to deriving basic predictive indicators for Northern Dynasty, we also check how macroeconomic factors affect Northern Dynasty price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2023 | 2024 (projected) | PB Ratio | 1.84 | 1.75 | Capex To Depreciation | 0.14 | 0.13 |
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As an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.Did you try this?
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Pair CorrelationCompare performance and examine fundamental relationship between any two equity instruments |
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Northern Dynasty Minerals pair trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Northern Dynasty position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Northern Dynasty will appreciate offsetting losses from the drop in the long position's value.Northern Dynasty Pair Trading
Northern Dynasty Minerals Pair Trading Analysis
The ability to find closely correlated positions to Northern Dynasty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northern Dynasty when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Northern Dynasty - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Northern Dynasty Minerals to buy it.
The correlation of Northern Dynasty is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Northern Dynasty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northern Dynasty Minerals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Northern Dynasty can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Dynasty Minerals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.