Northrim Bancorp Stock Technical Analysis
| NRIM Stock | USD 85.08 3.27 4.00% |
As of the 22nd of November, Northrim BanCorp secures the Downside Deviation of 2.03, mean deviation of 1.91, and Risk Adjusted Performance of 0.129. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Northrim BanCorp, as well as the relationship between them. Please verify Northrim BanCorp information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to decide if Northrim BanCorp is priced some-what accurately, providing market reflects its recent price of 85.08 per share. Given that Northrim BanCorp has jensen alpha of 0.191, we recommend you to check Northrim BanCorp's last-minute market performance to make sure the company can sustain itself at a future point.
Northrim BanCorp Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Northrim, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NorthrimNorthrim |
Northrim BanCorp Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 58.0 | Strong Buy | 1 | Odds |
Most Northrim analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Northrim stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Northrim BanCorp, talking to its executives and customers, or listening to Northrim conference calls.
Northrim BanCorp 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.
Northrim BanCorp Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 Northrim BanCorp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Northrim BanCorp Trend Analysis
Use this graph to draw trend lines for Northrim BanCorp. You can use it to identify possible trend reversals for Northrim BanCorp 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 Northrim BanCorp price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Northrim BanCorp Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Northrim BanCorp applied against its price change over selected period. The best fit line has a slop of 0.20 , which means Northrim BanCorp will continue generating value for investors. It has 122 observation points and a regression sum of squares at 1565.02, which is the sum of squared deviations for the predicted Northrim BanCorp price change compared to its average price change.About Northrim BanCorp 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 Northrim BanCorp 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 Northrim BanCorp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Northrim BanCorp price pattern first instead of the macroeconomic environment surrounding Northrim BanCorp. By analyzing Northrim BanCorp'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 Northrim BanCorp'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 Northrim BanCorp specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0349 | 0.0336 | 0.0425 | 0.0446 | Price To Sales Ratio | 2.02 | 2.44 | 2.55 | 2.64 |
Northrim BanCorp November 22, 2024 Technical Indicators
Most technical analysis of Northrim 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 Northrim from various momentum indicators to cycle indicators. When you analyze Northrim 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 | 0.129 | |||
| Market Risk Adjusted Performance | 0.1821 | |||
| Mean Deviation | 1.91 | |||
| Semi Deviation | 1.7 | |||
| Downside Deviation | 2.03 | |||
| Coefficient Of Variation | 627.29 | |||
| Standard Deviation | 2.9 | |||
| Variance | 8.42 | |||
| Information Ratio | 0.1217 | |||
| Jensen Alpha | 0.191 | |||
| Total Risk Alpha | 0.0741 | |||
| Sortino Ratio | 0.1737 | |||
| Treynor Ratio | 0.1721 | |||
| Maximum Drawdown | 20.99 | |||
| Value At Risk | (3.54) | |||
| Potential Upside | 4.39 | |||
| Downside Variance | 4.13 | |||
| Semi Variance | 2.89 | |||
| Expected Short fall | (2.28) | |||
| Skewness | 2.26 | |||
| Kurtosis | 11.27 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northrim BanCorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Northrim Stock, please use our How to Invest in Northrim BanCorp guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Northrim BanCorp. If investors know Northrim will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Northrim BanCorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.061 | Dividend Share 2.46 | Earnings Share 5.86 | Revenue Per Share 25.726 | Quarterly Revenue Growth 0.157 |
The market value of Northrim BanCorp is measured differently than its book value, which is the value of Northrim that is recorded on the company's balance sheet. Investors also form their own opinion of Northrim BanCorp's value that differs from its market value or its book value, called intrinsic value, which is Northrim BanCorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Northrim BanCorp's market value can be influenced by many factors that don't directly affect Northrim BanCorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Northrim BanCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northrim BanCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northrim BanCorp'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.