North Arrow Minerals Stock Alpha and Beta Analysis
| NAR Stock | CAD 0.13 0.01 7.14% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as North Arrow Minerals. It also helps investors analyze the systematic and unsystematic risks associated with investing in North Arrow over a specified time horizon. Remember, high North Arrow'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 North Arrow's market risk premium analysis include:
Beta 1.13 | Alpha (0.68) | Risk 8.56 | Sharpe Ratio (0.08) | Expected Return (0.67) |
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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.
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North Arrow Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. North Arrow market risk premium is the additional return an investor will receive from holding North Arrow 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 North Arrow. 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 North Arrow's performance over market.| α | -0.68 | β | 1.13 |
North Arrow 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 North Arrow's Buy-and-hold return. Our buy-and-hold chart shows how North Arrow performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.North Arrow Market Price Analysis
Market price analysis indicators help investors to evaluate how North Arrow 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 Arrow shares will generate the highest return on investment. By understating and applying North Arrow stock market price indicators, traders can identify North Arrow position entry and exit signals to maximize returns.
North Arrow Return and Market Media
The median price of North Arrow for the period between Sun, Sep 22, 2024 and Sat, Dec 21, 2024 is 0.18 with a coefficient of variation of 19.19. The daily time series for the period is distributed with a sample standard deviation of 0.03, arithmetic mean of 0.17, and mean deviation of 0.03. The Stock received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | North Arrow Advances Gold Project in Botswana - TipRanks | 10/03/2024 |
2 | Li-FT Power Expands Lithium Empire with High-Grade Project Acquisition in Northwest Territories - StockTitan | 12/19/2024 |
About North Arrow 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 North or other stocks. Alpha measures the amount that position in North Arrow Minerals 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.
| 2023 | 2024 (projected) | Payables Turnover | 0.18 | 0.26 | Days Of Inventory On Hand | 0.0185 | 0.0165 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards North Arrow in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, North Arrow's short interest history, or implied volatility extrapolated from North Arrow options trading.
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Additional Tools for North Stock Analysis
When running North Arrow's price analysis, check to measure North Arrow'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 Arrow is operating at the current time. Most of North Arrow's value examination focuses on studying past and present price action to predict the probability of North Arrow'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 Arrow's price. Additionally, you may evaluate how the addition of North Arrow to your portfolios can decrease your overall portfolio volatility.