Northern Oil Gas Stock Alpha and Beta Analysis

NOG Stock  USD 38.44  1.68  4.57%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Northern Oil Gas. It also helps investors analyze the systematic and unsystematic risks associated with investing in Northern Oil over a specified time horizon. Remember, high Northern Oil's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Northern Oil's market risk premium analysis include:
Beta
0.83
Alpha
(0.07)
Risk
1.6
Sharpe Ratio
(0.01)
Expected Return
(0.01)
Please note that although Northern Oil alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., Dow Jones Industrial index.) So in this particular case, Northern Oil did 0.07  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Northern Oil Gas stock's relative risk over its benchmark. Northern Oil Gas has a beta of 0.83  . As returns on the market increase, Northern Oil's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northern Oil is expected to be smaller as well. At this time, Northern Oil's Enterprise Value Multiple is most likely to increase significantly in the upcoming years. The Northern Oil's current Price Fair Value is estimated to increase to 1.74, while Book Value Per Share is projected to decrease to 18.94.

Northern Oil Quarterly Cash And Equivalents

12.95 Million

Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out Northern Oil Backtesting, Northern Oil Valuation, Northern Oil Correlation, Northern Oil Hype Analysis, Northern Oil Volatility, Northern Oil History and analyze Northern Oil Performance.

Northern Oil Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Northern Oil market risk premium is the additional return an investor will receive from holding Northern Oil long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Northern Oil. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Northern Oil's performance over market.
α-0.07   β0.83

Northern Oil expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Northern Oil's Buy-and-hold return. Our buy-and-hold chart shows how Northern Oil performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Northern Oil Market Price Analysis

Market price analysis indicators help investors to evaluate how Northern Oil stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Northern Oil shares will generate the highest return on investment. By understating and applying Northern Oil stock market price indicators, traders can identify Northern Oil position entry and exit signals to maximize returns.

Northern Oil Return and Market Media

The median price of Northern Oil for the period between Tue, Mar 26, 2024 and Mon, Jun 24, 2024 is 40.01 with a coefficient of variation of 4.53. The daily time series for the period is distributed with a sample standard deviation of 1.82, arithmetic mean of 40.12, and mean deviation of 1.47. The Stock received a lot of media exposure during the period.
 Price Growth (%)  
       Timeline  
1
Novo Oil Gas II Receives Equity Capital Commitment from EnCap Investments
04/23/2024
 
Northern Oil dividend paid on 30th of April 2024
04/30/2024
2
Earnings call NOG surpasses Q1 expectations with strong well performance
05/01/2024
3
Should Value Investors Buy Northern Oil and Gas Stock - Yahoo Singapore News
05/10/2024
4
Northern Oil and Gas stock target raised on stable outlook
05/14/2024
5
Northern Oil and Gas Now Appears To Be Near Fair Valuation - Seeking Alpha
05/22/2024
6
Student expulsion lawsuits against Providence Academy in Plymouth goes to arbitration
06/04/2024
7
Northern Oil and Gas, Inc. to Post Q2 2024 Earnings of 1.17 Per Share, Zacks Research Forecasts - MarketBeat
06/07/2024
8
November 2025 Options Now Available For Northern Oil Gas - Nasdaq
06/10/2024
9
Northern Oil and Gas Rating Reiterated by Bank of America - MarketBeat
06/14/2024
10
Three states sue US to block 7bn decommissioning payments rule
06/18/2024
11
Acquisition by Stuart Lasher of 1095 shares of Northern Oil subject to Rule 16b-3
06/24/2024

About Northern Oil Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Northern or other stocks. Alpha measures the amount that position in Northern Oil Gas has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2022 2023 2024 (projected)
Dividend Yield0.03030.03650.0249
Price To Sales Ratio1.221.781.69

Northern Oil Upcoming Company Events

As portrayed in its financial statements, the presentation of Northern Oil's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Northern Oil's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Northern Oil's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Northern Oil. Please utilize our Beneish M Score to check the likelihood of Northern Oil's management manipulating its earnings.
22nd of February 2024
Upcoming Quarterly Report
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2nd of May 2024
Next Financial Report
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31st of December 2023
Next Fiscal Quarter End
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22nd of February 2024
Next Fiscal Year End
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30th of September 2023
Last Quarter Report
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31st of December 2022
Last Financial Announcement
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Additional Information and Resources on Investing in Northern Stock

When determining whether Northern Oil Gas is a strong investment it is important to analyze Northern Oil's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Northern Oil's future performance. For an informed investment choice regarding Northern Stock, refer to the following important reports:
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...