Northeast Bancorp Stock Probability of Future Stock Price Finishing Under 32.53
| NBN Stock | USD 52.49 1.03 1.92% |
Northeast |
Northeast Bancorp Target Price Odds to finish below 32.53
The tendency of Northeast Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 32.53 or more in 90 days |
| 52.49 | 90 days | 32.53 | near 1 |
Based on a normal probability distribution, the odds of Northeast Bancorp to drop to $ 32.53 or more in 90 days from now is near 1 (This Northeast Bancorp probability density function shows the probability of Northeast Stock to fall within a particular range of prices over 90 days) . Probability of Northeast Bancorp price to stay between $ 32.53 and its current price of $52.49 at the end of the 90-day period is about 29.75 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.54 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Northeast Bancorp will likely underperform. Additionally Northeast Bancorp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Northeast Bancorp Price Density |
| Price |
Predictive Modules for Northeast Bancorp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Northeast Bancorp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northeast Bancorp'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.
Northeast Bancorp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Northeast Bancorp is not an exception. The market had few large corrections towards the Northeast Bancorp's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Northeast Bancorp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Northeast Bancorp within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.13 | |
β | Beta against NYSE Composite | 1.54 | |
σ | Overall volatility | 1.66 | |
Ir | Information ratio | -0.04 |
Northeast Bancorp Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Northeast Bancorp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Northeast Bancorp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Northeast Bancorp generated a negative expected return over the last 90 days | |
| About 63.0% of the company shares are owned by institutional investors | |
| On 26th of February 2024 Northeast Bancorp paid $ 0.01 per share dividend to its current shareholders | |
| Latest headline from news.google.com: Stocks Showing Improved Relative Strength MT Bank - Investors Business Daily |
Northeast Bancorp Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Northeast Stock often depends not only on the future outlook of the current and potential Northeast Bancorp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Northeast Bancorp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 7.4 M | |
| Cash And Short Term Investments | 251.3 M |
Northeast Bancorp Technical Analysis
Northeast Bancorp's future price can be derived by breaking down and analyzing its technical indicators over time. Northeast Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Northeast Bancorp. In general, you should focus on analyzing Northeast Stock price patterns and their correlations with different microeconomic environments and drivers.
Northeast Bancorp Predictive Forecast Models
Northeast Bancorp's time-series forecasting models is one of many Northeast Bancorp's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Northeast Bancorp's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Northeast Bancorp
Checking the ongoing alerts about Northeast Bancorp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Northeast Bancorp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Northeast Bancorp generated a negative expected return over the last 90 days | |
| About 63.0% of the company shares are owned by institutional investors | |
| On 26th of February 2024 Northeast Bancorp paid $ 0.01 per share dividend to its current shareholders | |
| Latest headline from news.google.com: Stocks Showing Improved Relative Strength MT Bank - Investors Business Daily |
Check out Northeast Bancorp Backtesting, Northeast Bancorp Valuation, Northeast Bancorp Correlation, Northeast Bancorp Hype Analysis, Northeast Bancorp Volatility, Northeast Bancorp History as well as Northeast Bancorp Performance. To learn how to invest in Northeast Stock, please use our How to Invest in Northeast Bancorp guide.Note that the Northeast Bancorp information on this page should be used as a complementary analysis to other Northeast Bancorp'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 Northeast Stock analysis
When running Northeast Bancorp's price analysis, check to measure Northeast Bancorp'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 Northeast Bancorp is operating at the current time. Most of Northeast Bancorp's value examination focuses on studying past and present price action to predict the probability of Northeast Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northeast Bancorp's price. Additionally, you may evaluate how the addition of Northeast Bancorp to your portfolios can decrease your overall portfolio volatility.
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Is Northeast Bancorp'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 Northeast Bancorp. If investors know Northeast 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 Northeast 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 0.201 | Dividend Share 0.04 | Earnings Share 7.17 | Revenue Per Share 19.252 | Quarterly Revenue Growth 0.279 |
The market value of Northeast Bancorp is measured differently than its book value, which is the value of Northeast that is recorded on the company's balance sheet. Investors also form their own opinion of Northeast Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Northeast 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 Northeast Bancorp's market value can be influenced by many factors that don't directly affect Northeast 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 Northeast Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northeast Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northeast 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.