Northern Stock Performance

NOG Stock  USD 33.32  1.21  3.77%   
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 expected short fall, and the relationship between the value at risk and daily balance of power to decide if Northern Oil Gas will be following its current price movements.
  
Northern Performance
0 of 100
Over the last 90 days Northern Oil Gas has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound basic indicators, Northern Oil is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders. ...more

Structure and Payout Changes

Forward Dividend Yield
0.0367
Payout Ratio
0.1429
Last Split Factor
1:10
Forward Dividend Rate
1.2
Dividend Date
2023-01-31

Northern Price Channel

Begin Period Cash Flow1.4 M
Total Cashflows From Investing Activities-634.4 M

Northern Oil Relative Risk vs. Return Landscape

If you would invest  3,382  in Northern Oil Gas on October 29, 2022 and sell it today you would lose (50.00)  from holding Northern Oil Gas or give up 1.48% of portfolio value over 90 days. Northern Oil Gas is generating 0.0135% of daily returns assuming volatility of 2.7906% on return distribution over 90 days investment horizon. In other words, 24% of stocks are less volatile than Northern, and above 99% of all equities are expected to generate higher returns over the next 90 days.
  Daily Expected Return (%)  
       Risk (%)  
Considering the 90-day investment horizon Northern Oil is expected to generate 10.44 times less return on investment than the market. In addition to that, the company is 2.45 times more volatile than its market benchmark. It trades about 0.0 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.12 per unit of volatility.

Northern Oil Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Oil's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Northern Oil Gas, and traders can use it to determine the average amount a Northern Oil's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0048

Best
Portfolio
Best
Equity
Good Returns
Average Returns
Small Returns
CashSmall
Risk
Average
Risk
High
Risk
Huge
Risk
Negative ReturnsNOG
Estimated Market Risk
 2.79
  actual daily
 
 24 %
of total potential
 
2424
Expected Return
 0.01
  actual daily
 
 0 %
of total potential
 
00
Risk-Adjusted Return
 0.0
  actual daily
 
 0 %
of total potential
 
00
Based on monthly moving average Northern Oil is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Northern Oil by adding it to a well-diversified portfolio.

About Northern Oil Performance

To evaluate Northern Oil Gas Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Northern Oil generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Northern Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Northern Oil Gas market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Northern's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2023
Return on Investment(124.56) (127.84) 
Return on Average Assets(74.75) (76.72) 
Return on Average Equity-1.8 K-1.9 K
Return on Invested Capital(0.35) (0.36) 
Return on Sales(1.38) (1.42) 

Things to note about Northern Oil Gas

Checking the ongoing alerts about Northern Oil for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Northern Oil Gas help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Additionally, see Correlation Analysis. You can also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.

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.
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Fundamental Analysis
View fundamental data based on most recent published financial statements
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
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.