Northern Technologies Stock Market Value
| NTIC Stock | USD 18.87 0.23 1.23% |
| Symbol | Northern |
Is Northern Technologies' industry 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 Northern Technologies. If investors know Northern 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 Northern Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Northern Technologies is measured differently than its book value, which is the value of Northern that is recorded on the company's balance sheet. Investors also form their own opinion of Northern Technologies' value that differs from its market value or its book value, called intrinsic value, which is Northern Technologies' 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 Northern Technologies' market value can be influenced by many factors that don't directly affect Northern Technologies' 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 Northern Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Technologies' 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.
Northern Technologies '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 Northern Technologies' 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 Northern Technologies.
| 04/07/2024 |
| 05/07/2024 |
If you would invest 0.00 in Northern Technologies on April 7, 2024 and sell it all today you would earn a total of 0.00 from holding Northern Technologies or generate 0.0% return on investment in Northern Technologies over 30 days. Northern Technologies is related to or competes with Innospec, H B, Quaker Chemical, Minerals Technologies, Oil Dri, Sensient Technologies, and Ecovyst. Northern Technologies International Corporation develops and markets rust and corrosion inhibiting products and services... More
Northern Technologies 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 Northern Technologies' 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 Northern Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.79 | |||
| Information Ratio | 0.174 | |||
| Maximum Drawdown | 15.02 | |||
| Value At Risk | (4.18) | |||
| Potential Upside | 6.39 |
Northern Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Technologies' standard deviation. In reality, there are many statistical measures that can use Northern Technologies historical prices to predict the future Northern Technologies' volatility.| Risk Adjusted Performance | 0.1308 | |||
| Jensen Alpha | 0.6845 | |||
| Total Risk Alpha | 0.2995 | |||
| Sortino Ratio | 0.21 | |||
| Treynor Ratio | (1.28) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northern Technologies' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Northern Technologies Backtested Returns
Northern Technologies appears to be somewhat reliable, given 3 months investment horizon. Northern Technologies has Sharpe Ratio of 0.2, which conveys that the firm had a 0.2% return per unit of risk over the last 3 months. By analyzing Northern Technologies' technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please exercise Northern Technologies' Mean Deviation of 2.35, risk adjusted performance of 0.1308, and Downside Deviation of 2.79 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Northern Technologies holds a performance score of 15. The company secures a Beta (Market Risk) of -0.51, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Northern Technologies are expected to decrease at a much lower rate. During the bear market, Northern Technologies is likely to outperform the market. Please check Northern Technologies' expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether Northern Technologies' current price movements will revert.
Auto-correlation | 0.85 |
Very good predictability
Northern Technologies has very good predictability. Overlapping area represents the amount of predictability between Northern Technologies time series from 7th of April 2024 to 22nd of April 2024 and 22nd of April 2024 to 7th of May 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 Northern Technologies price movement. The serial correlation of 0.85 indicates that around 85.0% of current Northern Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 0.67 |
Northern Technologies lagged returns against current returns
Autocorrelation, which is Northern Technologies 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 Northern Technologies' stock expected returns. We can calculate the autocorrelation of Northern Technologies returns to help us make a trade decision. For example, suppose you find that Northern Technologies 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 |
Northern Technologies 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 Northern Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northern Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Northern Technologies Lagged Returns
When evaluating Northern Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Technologies stock have on its future price. Northern Technologies 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, Northern Technologies autocorrelation shows the relationship between Northern Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Northern Technologies.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Northern Technologies Correlation, Northern Technologies Volatility and Northern Technologies Alpha and Beta module to complement your research on Northern Technologies. For information on how to trade Northern Stock refer to our How to Trade Northern Stock guide.You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Northern Stock analysis
When running Northern Technologies' price analysis, check to measure Northern Technologies' 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 Northern Technologies is operating at the current time. Most of Northern Technologies' value examination focuses on studying past and present price action to predict the probability of Northern Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northern Technologies' price. Additionally, you may evaluate how the addition of Northern Technologies to your portfolios can decrease your overall portfolio volatility.
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing |
Northern Technologies 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.