Northern Oil Gas Stock Market Value
| NOG Stock | USD 43.11 0.45 1.05% |
| Symbol | Northern |
Northern Oil Gas Price To Book Ratio
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.
Northern Oil '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 Oil'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 Northern Oil.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Northern Oil on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Northern Oil Gas or generate 0.0% return on investment in Northern Oil over 30 days. Northern Oil is related to or competes with Vital Energy, Comstock Resources, Magnolia Oil, Obsidian Energy, Matador Resources, Murphy Oil, and Civitas Resources. Northern Oil and Gas, Inc., an independent energy company, engages in the acquisition, exploration, exploitation, develo... More
Northern Oil 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 Oil'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 Northern Oil Gas upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.59 | |||
| Information Ratio | 0.1866 | |||
| Maximum Drawdown | 7.26 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 2.52 |
Northern Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northern Oil's standard deviation. In reality, there are many statistical measures that can use Northern Oil historical prices to predict the future Northern Oil's volatility.| Risk Adjusted Performance | 0.1576 | |||
| Jensen Alpha | 0.2869 | |||
| Total Risk Alpha | 0.1656 | |||
| Sortino Ratio | 0.1752 | |||
| Treynor Ratio | 0.4014 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northern Oil'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.
Northern Oil Gas Backtested Returns
Northern Oil appears to be very steady, given 3 months investment horizon. Northern Oil Gas has Sharpe Ratio of 0.26, which conveys that the firm had a 0.26% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Northern Oil, which you can use to evaluate the volatility of the firm. Please exercise Northern Oil's Mean Deviation of 1.1, downside deviation of 1.59, and Risk Adjusted Performance of 0.1576 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Northern Oil holds a performance score of 20. The company secures a Beta (Market Risk) of 0.89, which conveys possible diversification benefits within a given portfolio. Northern Oil returns are very sensitive to returns on the market. As the market goes up or down, Northern Oil is expected to follow. Please check Northern Oil's expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether Northern Oil's current price movements will revert.
Auto-correlation | 0.22 |
Weak predictability
Northern Oil Gas has weak predictability. Overlapping area represents the amount of predictability between Northern Oil time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Northern Oil Gas price movement. The serial correlation of 0.22 indicates that over 22.0% of current Northern Oil price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Northern Oil Gas lagged returns against current returns
Autocorrelation, which is Northern Oil 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 Oil's stock expected returns. We can calculate the autocorrelation of Northern Oil returns to help us make a trade decision. For example, suppose you find that Northern Oil 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 Oil 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 Oil stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northern Oil stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northern Oil stock over time.
Current vs Lagged Prices |
| Timeline |
Northern Oil Lagged Returns
When evaluating Northern Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northern Oil stock have on its future price. Northern Oil 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 Oil autocorrelation shows the relationship between Northern Oil stock current value and its past values and can show if there is a momentum factor associated with investing in Northern Oil Gas.
Regressed Prices |
| Timeline |
Northern Oil Investors Sentiment
The influence of Northern Oil's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Northern. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Northern Oil's public news can be used to forecast risks associated with an investment in Northern. The trend in average sentiment can be used to explain how an investor holding Northern can time the market purely based on public headlines and social activities around Northern Oil Gas. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Northern Oil's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Northern Oil's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Northern Oil's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Northern Oil.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Northern Oil in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Northern Oil's short interest history, or implied volatility extrapolated from Northern Oil options trading.
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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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