Northland Power Stock Crosses Above 200-Day Moving Average of 23.29 - MarketBeat
| 1NR Stock | EUR 12.25 0.20 1.61% |
Roughly 61% of Northland Power's investor base is looking to short. The analysis of current outlook of investing in Northland Power suggests that many traders are alarmed regarding Northland Power's prospects. The current market sentiment, together with Northland Power's historical and current headlines, can help investors time the market. In addition, many technical investors use Northland Power stock news signals to limit their universe of possible portfolio assets.
Northland Power stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Northland daily returns and investor perception about the current price of Northland Power as well as its diversification or hedging effects on your existing portfolios.
Northland |
Northland Power Stock Crosses Above 200-Day Moving Average of 23.29 MarketBeat
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Northland Power Fundamental Analysis
We analyze Northland Power's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Northland Power using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Northland Power based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
Northland Power is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Northland Power Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Northland Power stock to make a market-neutral strategy. Peer analysis of Northland Power could also be used in its relative valuation, which is a method of valuing Northland Power by comparing valuation metrics with similar companies.
Peers
Northland Power Related Equities
| 2DG | SIVERS SEMICONDUCTORS | 22.22 | ||||
| 3RKU | RYOHIN UNSPADR1 | 0.94 | ||||
| NOH1 | Norsk Hydro | 0.53 | ||||
| MEL | Meli Hotels | 0.53 | ||||
| VUSA | Vanguard Funds | 0.53 | ||||
| HEI | Heidelberg Materials | 0.64 | ||||
| RS6 | Reliance Steel | 1.00 | ||||
| 8SP | Superior Plus | 4.50 |
Complementary Tools for Northland Stock analysis
When running Northland Power's price analysis, check to measure Northland Power'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 Northland Power is operating at the current time. Most of Northland Power's value examination focuses on studying past and present price action to predict the probability of Northland Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northland Power's price. Additionally, you may evaluate how the addition of Northland Power to your portfolios can decrease your overall portfolio volatility.
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