North Energy (Norway) Market Value
| NORTH Stock | NOK 2.31 0.02 0.86% |
| Symbol | North |
North Energy '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 North Energy's 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 North Energy.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in North Energy on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding North Energy ASA or generate 0.0% return on investment in North Energy over 30 days. North Energy is related to or competes with Questerre Energy, and Panoro Energy. Previously, it was engaged in the exploration, development, and production of oil and gas in the Norwegian continental s... More
North Energy 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 North Energy's 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 North Energy ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.15 | |||
| Information Ratio | 0.0525 | |||
| Maximum Drawdown | 18.69 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 3.48 |
North Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for North Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as North Energy's standard deviation. In reality, there are many statistical measures that can use North Energy historical prices to predict the future North Energy's volatility.| Risk Adjusted Performance | 0.0562 | |||
| Jensen Alpha | 0.1659 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0643 | |||
| Treynor Ratio | 0.3727 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of North Energy's 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.
North Energy ASA Backtested Returns
North Energy appears to be unstable, given 3 months investment horizon. North Energy ASA has Sharpe Ratio of 0.0967, which conveys that the firm had a 0.0967% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for North Energy, which you can use to evaluate the volatility of the firm. Please exercise North Energy's Downside Deviation of 2.15, mean deviation of 1.73, and Risk Adjusted Performance of 0.0562 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, North Energy holds a performance score of 7. The company secures a Beta (Market Risk) of 0.53, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, North Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding North Energy is expected to be smaller as well. Please check North Energy's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether North Energy's current price movements will revert.
Auto-correlation | -0.48 |
Modest reverse predictability
North Energy ASA has modest reverse predictability. Overlapping area represents the amount of predictability between North Energy time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 North Energy ASA price movement. The serial correlation of -0.48 indicates that about 48.0% of current North Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
North Energy ASA lagged returns against current returns
Autocorrelation, which is North Energy 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 North Energy's stock expected returns. We can calculate the autocorrelation of North Energy returns to help us make a trade decision. For example, suppose you find that North Energy 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 |
North Energy 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 North Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if North Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in North Energy stock over time.
Current vs Lagged Prices |
| Timeline |
North Energy Lagged Returns
When evaluating North Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of North Energy stock have on its future price. North Energy 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, North Energy autocorrelation shows the relationship between North Energy stock current value and its past values and can show if there is a momentum factor associated with investing in North Energy ASA.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out North Energy Correlation, North Energy Volatility and North Energy Alpha and Beta module to complement your research on North Energy. Note that the North Energy ASA information on this page should be used as a complementary analysis to other North Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for North Stock analysis
When running North Energy's price analysis, check to measure North Energy's 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 North Energy is operating at the current time. Most of North Energy's value examination focuses on studying past and present price action to predict the probability of North Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move North Energy's price. Additionally, you may evaluate how the addition of North Energy to your portfolios can decrease your overall portfolio volatility.
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North Energy 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.