Northern Dynasty Minerals Stock Technical Analysis
| NDM Stock | CAD 0.63 0.02 3.08% |
As of the 1st of December, Northern Dynasty secures the Downside Deviation of 4.21, risk adjusted performance of 0.0927, and Mean Deviation of 3.16. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Northern Dynasty Minerals, as well as the relationship between them.
Northern Dynasty Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Northern, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NorthernNorthern |
Northern Dynasty 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.
Northern Dynasty Minerals Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Northern Dynasty Minerals volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Northern Dynasty Minerals Trend Analysis
Use this graph to draw trend lines for Northern Dynasty Minerals. You can use it to identify possible trend reversals for Northern Dynasty as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Northern Dynasty price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Northern Dynasty Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Northern Dynasty Minerals applied against its price change over selected period. The best fit line has a slop of 0 , which means Northern Dynasty Minerals will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.64, which is the sum of squared deviations for the predicted Northern Dynasty price change compared to its average price change.About Northern Dynasty Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Northern Dynasty Minerals on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Northern Dynasty Minerals based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Northern Dynasty Minerals price pattern first instead of the macroeconomic environment surrounding Northern Dynasty Minerals. By analyzing Northern Dynasty's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Northern Dynasty's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Northern Dynasty specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | PB Ratio | 1.84 | 1.75 | Capex To Depreciation | 0.14 | 0.13 |
Northern Dynasty December 1, 2024 Technical Indicators
Most technical analysis of Northern 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 different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | 0.0927 | |||
| Market Risk Adjusted Performance | 0.553 | |||
| Mean Deviation | 3.16 | |||
| Semi Deviation | 2.96 | |||
| Downside Deviation | 4.21 | |||
| Coefficient Of Variation | 906.84 | |||
| Standard Deviation | 4.68 | |||
| Variance | 21.86 | |||
| Information Ratio | 0.0808 | |||
| Jensen Alpha | 0.3867 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.0897 | |||
| Treynor Ratio | 0.543 | |||
| Maximum Drawdown | 31.5 | |||
| Value At Risk | (6.15) | |||
| Potential Upside | 8.7 | |||
| Downside Variance | 17.75 | |||
| Semi Variance | 8.77 | |||
| Expected Short fall | (5.04) | |||
| Skewness | 1.63 | |||
| Kurtosis | 6.55 |
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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.