Northern Oil Stock Forecast - Kurtosis
| NOG Stock | USD 42.05 0.40 0.94% |
Northern Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Northern Oil stock prices and determine the direction of Northern Oil Gas's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Northern Oil's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Northern Oil's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Northern Oil's systematic risk associated with finding meaningful patterns of Northern Oil fundamentals over time.
Check out Historical Fundamental Analysis of Northern Oil to cross-verify your projections. Northern |
Open Interest Against 2024-04-19 Northern Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Northern Oil's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Northern Oil's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Northern Oil stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Northern Oil's open interest, investors have to compare it to Northern Oil's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Northern Oil is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Northern. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Northern Oil cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Northern Oil's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Northern Oil's price structures and extracts relationships that further increase the generated results' accuracy.
| Previous Kurtosis | Kurtosis | Trend |
| 0 | 0 |
| Check Northern Oil Volatility | Backtest Northern Oil | Information Ratio |
Northern Oil Trading Date Momentum
| On April 19 2024 Northern Oil Gas was traded for 42.05 at the closing time. Highest Northern Oil's price during the trading hours was 42.79 and the lowest price during the day was 41.86 . There was no trading activity during the period 0.0. Lack of trading volume on the 19th of April did not cause price change. The trading delta at closing time to current price is 1.55% . |
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Other Forecasting Options for Northern Oil
For every potential investor in Northern, whether a beginner or expert, Northern Oil's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Northern Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Northern. Basic forecasting techniques help filter out the noise by identifying Northern Oil's price trends.View Northern Oil Related Equities
| Risk & Return | Correlation |
Northern Oil Gas Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Northern Oil's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Northern Oil's current price.| Cycle Indicators | ||
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| Volume Indicators |
Northern Oil Market Strength Events
Market strength indicators help investors to evaluate how Northern Oil stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Northern Oil shares will generate the highest return on investment. By undertsting and applying Northern Oil stock market strength indicators, traders can identify Northern Oil Gas entry and exit signals to maximize returns.
Northern Oil Risk Indicators
The analysis of Northern Oil's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Northern Oil's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting northern stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.13 | |||
| Semi Deviation | 1.28 | |||
| Standard Deviation | 1.51 | |||
| Variance | 2.29 | |||
| Downside Variance | 2.56 | |||
| Semi Variance | 1.64 | |||
| Expected Short fall | (1.23) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Northern Oil to cross-verify your projections. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for Northern Stock analysis
When running Northern Oil's price analysis, check to measure Northern Oil'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 Northern Oil is operating at the current time. Most of Northern Oil's value examination focuses on studying past and present price action to predict the probability of Northern Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northern Oil's price. Additionally, you may evaluate how the addition of Northern Oil to your portfolios can decrease your overall portfolio volatility.
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Is Northern Oil's 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 Oil. 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 Oil 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 1.379 | Dividend Share 1.49 | Earnings Share 10.03 | Revenue Per Share 19.095 | Quarterly Revenue Growth 0.226 |
The market value of Northern Oil Gas 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 Oil's value that differs from its market value or its book value, called intrinsic value, which is Northern Oil'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 Northern Oil's market value can be influenced by many factors that don't directly affect Northern Oil'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 Northern Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Oil'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.