Northern Stock Market Value

NOG Stock  USD 33.32  1.21  3.77%   
Northern Oil's market value is the price at which a share of Northern Oil stock trades on a public exchange. It measures the collective expectations of Northern Oil Gas investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Northern Oil Gas and determine expected loss or profit from investing in Northern Oil over a given investment horizon. Additionally, see Northern Oil Correlation, Northern Oil Volatility and Northern Oil Alpha and Beta module to complement your research on Northern Oil.
Symbol


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
51.103
Market Capitalization
2.8 B
Quarterly Revenue Growth
1.051
Return On Assets
0.2997
Return On Equity
2.9123
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 Northern Oil value 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.
0.00
12/28/2022
No Change 0.00  0.0 
In 30 days
01/27/2023
0.00
If you would invest  0.00  in Northern Oil on December 28, 2022 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 Amplify Energy, 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of Northern Oil in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
30.4933.2636.03
Details
Intrinsic
Valuation
LowReal ValueHigh
28.2831.0533.82
Details
Naive
Forecast
LowNext ValueHigh
29.9532.7335.50
Details
12 Analysts
Consensus
LowTarget PriceHigh
14.0028.9243.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Northern Oil. Your research has to be compared to or analyzed against Northern Oil's peers to derive any actionable benefits. When done correctly, Northern Oil's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Northern Oil Gas.

Northern Oil Gas Backtested Returns

We consider Northern Oil very steady. Northern Oil Gas has Sharpe Ratio of 0.0048, which conveys that the firm had 0.0048% of return per unit of risk over the last 3 months. Our standpoint towards estimating the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Northern Oil, which you can use to evaluate the future volatility of the firm. Please verify Northern Oil Gas mean deviation of 2.19, and Risk Adjusted Performance of 0.0053 to check out if the risk estimate we provide is consistent with the expected return of 0.0135%.
The company secures a Beta (Market Risk) of 1.6154, which conveys a somewhat significant risk relative to the market. Let's try to break down what Northern's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Northern Oil will likely underperform. Although it is important to respect Northern Oil Gas price patterns, it is better to be realistic regarding the information on the equity's historical price patterns. The philosophy towards estimating future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Northern Oil Gas technical indicators, you can presently evaluate if the expected return of 0.0135% will be sustainable into the future. Northern Oil Gas right now secures a risk of 2.79%. Please verify Northern Oil Gas information ratio, value at risk, as well as the relationship between the Value At Risk and expected short fall to decide if Northern Oil Gas will be following its current price movements.

Auto-correlation

    
  0.28  

Poor predictability

Northern Oil Gas has poor predictability. Overlapping area represents the amount of predictability between Northern Oil time series from 28th of December 2022 to 12th of January 2023 and 12th of January 2023 to 27th of January 2023. 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 0.28 indicates that nearly 28.0% of current Northern Oil price fluctuation can be explain by its past prices.
Correlation Coefficient0.28
Spearman Rank Test0.48
Residual Average0.0
Price Variance0.35

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 stock 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 stock 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 markets does not have a 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 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 equiteis 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.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Northern Oil Gas using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Additionally, see Northern Oil Correlation, Northern Oil Volatility and Northern Oil Alpha and Beta module to complement your research on Northern Oil. You can also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Complementary Tools for analysis

When running Northern Oil Gas 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 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.
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Northern Oil 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.
A focus of Northern Oil technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Northern Oil trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...