Northern Shield Resources Stock Technical Analysis
| NSHRF Stock | USD 0.03 0 7.35% |
As of the 18th of April 2024, Northern Shield secures the Mean Deviation of 12.41, standard deviation of 44.26, and Risk Adjusted Performance of 0.0737. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Northern Shield Resources, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate data for eleven technical drivers for Northern Shield, which can be compared to its peers in the industry. Please verify Northern Shield Resources risk adjusted performance, standard deviation, as well as the relationship between the Standard Deviation and maximum drawdown to decide if Northern Shield Resources is priced some-what accurately, providing market reflects its recent price of 0.029 per share. As Northern Shield Resources appears to be a penny stock we also strongly suggest to check its information ratio numbers.
Northern Shield Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Northern, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NorthernNorthern |
Northern Shield technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Northern Shield Resources Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Northern Shield Resources volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Northern Shield Resources Trend Analysis
Use this graph to draw trend lines for Northern Shield Resources. You can use it to identify possible trend reversals for Northern Shield 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 Northern Shield price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Northern Shield Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Northern Shield Resources applied against its price change over selected period. The best fit line has a slop of 0.0002 , which may suggest that Northern Shield Resources market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Northern Shield price change compared to its average price change.About Northern Shield 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 Northern Shield Resources 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 Northern Shield Resources based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Northern Shield Resources price pattern first instead of the macroeconomic environment surrounding Northern Shield Resources. By analyzing Northern Shield'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 Northern Shield'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 Northern Shield specific price patterns or momentum indicators. Please read more on our technical analysis page.
Northern Shield April 18, 2024 Technical Indicators
Most technical analysis of Northern 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 Northern from various momentum indicators to cycle indicators. When you analyze Northern 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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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0737 | |||
| Market Risk Adjusted Performance | (1.58) | |||
| Mean Deviation | 12.41 | |||
| Coefficient Of Variation | 986.91 | |||
| Standard Deviation | 44.26 | |||
| Variance | 1958.85 | |||
| Information Ratio | 0.1001 | |||
| Jensen Alpha | 4.6 | |||
| Total Risk Alpha | 1.28 | |||
| Treynor Ratio | (1.59) | |||
| Maximum Drawdown | 135.41 | |||
| Skewness | 6.87 | |||
| Kurtosis | 53.4 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Shield Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for Northern Pink Sheet analysis
When running Northern Shield's price analysis, check to measure Northern Shield'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 Shield is operating at the current time. Most of Northern Shield's value examination focuses on studying past and present price action to predict the probability of Northern Shield'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 Shield's price. Additionally, you may evaluate how the addition of Northern Shield to your portfolios can decrease your overall portfolio volatility.
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