Northern Oil Gas Stock Alpha and Beta Analysis
| NOG Stock | USD 39.46 1.26 3.30% |
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 0.37 | Alpha (0.12) | Risk 1.89 | Sharpe Ratio (0.07) | Expected Return (0.12) |
Northern Oil Quarterly Cash And Equivalents |
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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.
Northern |
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 | -0.12 | β | 0.37 |
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 Sun, Apr 28, 2024 and Sat, Jul 27, 2024 is 39.32 with a coefficient of variation of 4.28. The daily time series for the period is distributed with a sample standard deviation of 1.68, arithmetic mean of 39.27, and mean deviation of 1.33. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
| Northern Oil dividend paid on 30th of April 2024 | 04/30/2024 |
1 | Earnings call NOG surpasses Q1 expectations with strong well performance | 05/01/2024 |
2 | Disposition of 102 shares by Adam Dirlam of Northern Oil at 37.44 subject to Rule 16b-3 | 06/07/2024 |
3 | Northern Oil and Gas Rating Reiterated by Bank of America - MarketBeat | 06/14/2024 |
4 | Three states sue US to block 7bn decommissioning payments rule | 06/18/2024 |
5 | Acquisition by Stuart Lasher of 1095 shares of Northern Oil subject to Rule 16b-3 | 06/21/2024 |
6 | Wellington Management Group LLP Increases Stock Holdings in Northern Oil and Gas, Inc. - Defense World | 06/26/2024 |
7 | SM ENERGY ANNOUNCES HIGHLY ACCRETIVE 2.0 BILLION UINTA BASIN ACQUISITION, 11 percent INCREASE TO FIXED DIVIDEND AND RELOADED 500 MILLION SHARE REPURCHASE PROGRA... | 06/27/2024 |
8 | 6728 Shares in Northern Oil and Gas, Inc. Bought by Hennion Walsh Asset Management Inc. - Defense World | 07/05/2024 |
9 | Is Northern Oil and Gas A Risky Investment | 07/16/2024 |
10 | Northern Oil and Gas Expected to Beat Earnings Estimates Can the Stock Move Higher | 07/23/2024 |
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 Yield | 0.0303 | 0.0365 | 0.0249 | Price To Sales Ratio | 1.22 | 1.78 | 1.69 |
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 | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 22nd of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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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: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. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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.