North American Financial Preferred Stock Price on June 24, 2024
If you're considering investing in North Preferred Stock, it is important to understand the factors that can impact its price. At this point, North American is very steady. North American Financial has Sharpe Ratio of 0.49, which conveys that the firm had a 0.49% return per unit of risk over the last 3 months. We have found twenty technical indicators for North American, which you can use to evaluate the volatility of the firm. Please verify North American's Risk Adjusted Performance of 0.3674, coefficient of variation of 202.26, and Mean Deviation of 0.1755 to check out if the risk estimate we provide is consistent with the expected return of 0.11%.
North Preferred Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
North |
Sharpe Ratio = 0.4944
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Estimated Market Risk
| 0.23 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.49 actual daily | 38 62% of assets perform better |
Based on monthly moving average North American is performing at about 38% 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 North American by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
North American Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
North American Financial cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
North American December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how North American preferred stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading North American shares will generate the highest return on investment. By undertsting and applying North American preferred stock market strength indicators, traders can identify North American Financial entry and exit signals to maximize returns
North American Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for North American's price direction in advance. Along with the technical and fundamental analysis of North Preferred Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of North to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.3674 | |||
| Jensen Alpha | 0.0982 | |||
| Total Risk Alpha | 0.0892 | |||
| Sortino Ratio | 0.3146 | |||
| Treynor Ratio | 1.35 |
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Complementary Tools for North Preferred Stock analysis
When running North American's price analysis, check to measure North American'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 North American is operating at the current time. Most of North American's value examination focuses on studying past and present price action to predict the probability of North American's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move North American's price. Additionally, you may evaluate how the addition of North American to your portfolios can decrease your overall portfolio volatility.
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