Northern Stock Alpha and Beta Analysis

NOG
 Stock
  

USD 35.79  0.47  1.33%   

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.
Additionally, see Northern Oil Backtesting, Northern Oil Valuation, Northern Oil Correlation, Northern Oil Hype Analysis, Northern Oil Volatility, Northern Oil History and analyze Northern Oil Performance.
  
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., NYSE Composite index.) So in this particular case, Northern Oil did 0.11  better 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 1.55  . 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.
Northern Oil Enterprise Value is projected to increase significantly based on the last few years of reporting. The past year's Enterprise Value was at 1.6 Billion. The current year Tangible Asset Value is expected to grow to about 1.2 B, whereas Enterprise Value over EBIT is forecasted to decline to (2.36) .
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.

Enterprise Value

1.64 Billion

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.
α0.11   β1.55
90 days against NYA

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 Mon, Sep 5, 2022 and Sun, Dec 4, 2022 is 33.36 with a coefficient of variation of 9.79. The daily time series for the period is distributed with a sample standard deviation of 3.21, arithmetic mean of 32.82, and mean deviation of 2.6. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Do Traders Think Northern Oil Gas, Inc. Can Keep Climbing Th...09/15/2022
2
EPS Estimate09/30/2022
3
Acquisition by Jennifer Pomerantz of 1231 shares of Northern...10/04/2022
4
Sector Update Energy Stocks Stumbling Into Tuesday Close - I...10/11/2022
5
Northern Oil and Gas, Inc. President Adam A. Dirlam Sells 66...10/21/2022
6
Acquisition by Thomas Stoelk of 162927 shares of Northern Oi...11/03/2022
7
Are Investors Undervaluing Northern Oil and Gas Right Now - ...11/04/2022
8
EPS Reported11/08/2022
9
RBC Boosts PT on Northern Oil Gas to 46 From 42, Says Strong...11/14/2022
10
Sale by Rowling Robert B of 261000 shares of Northern Oil11/15/2022
11
Oil Gas Stock Roundup Spotlight on Deals by Diamondback, Che...11/29/2022

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.
 2021 2022 (projected)
Long Term Debt to Equity1.771.53
Interest Coverage2.32.28

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.
Upcoming Quarterly Report11th of March 2022
Next Financial Report6th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End11th of March 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Build Portfolio with Northern Oil

Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.

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Align your risk with return expectations

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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 Backtesting, Northern Oil Valuation, Northern Oil Correlation, Northern Oil Hype Analysis, Northern Oil Volatility, Northern Oil History and analyze Northern Oil Performance. You can also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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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.
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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...