Northwestern Stock Market Value
| NWE Stock | USD 48.93 0.41 0.85% |
| Symbol | NorthWestern |
NorthWestern Price To Book Ratio
Is NorthWestern's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NorthWestern. If investors know NorthWestern will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NorthWestern listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.143 | Dividend Share 2.56 | Earnings Share 3.22 | Revenue Per Share 23.576 | Quarterly Revenue Growth (0.16) |
The market value of NorthWestern is measured differently than its book value, which is the value of NorthWestern that is recorded on the company's balance sheet. Investors also form their own opinion of NorthWestern's value that differs from its market value or its book value, called intrinsic value, which is NorthWestern's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NorthWestern's market value can be influenced by many factors that don't directly affect NorthWestern's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NorthWestern's value and its price as these two are different measures arrived at by different means. Investors typically determine if NorthWestern is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NorthWestern's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
NorthWestern 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to NorthWestern's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of NorthWestern.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in NorthWestern on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding NorthWestern or generate 0.0% return on investment in NorthWestern over 30 days. NorthWestern is related to or competes with Allete, Black Hills, Otter Tail, Companhia Paranaense, AES, Companhia Energetica, and Montauk Renewables. NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, co... More
NorthWestern Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure NorthWestern's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess NorthWestern upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.22 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 8.9 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 1.54 |
NorthWestern Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NorthWestern's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NorthWestern's standard deviation. In reality, there are many statistical measures that can use NorthWestern historical prices to predict the future NorthWestern's volatility.| Risk Adjusted Performance | 0.0297 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0337 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NorthWestern's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
NorthWestern Backtested Returns
We consider NorthWestern very steady. NorthWestern has Sharpe Ratio of 0.0499, which conveys that the firm had a 0.0499% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for NorthWestern, which you can use to evaluate the volatility of the firm. Please verify NorthWestern's Risk Adjusted Performance of 0.0297, mean deviation of 0.8961, and Downside Deviation of 1.22 to check out if the risk estimate we provide is consistent with the expected return of 0.0638%. NorthWestern has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.19, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, NorthWestern will likely underperform. NorthWestern right now secures a risk of 1.28%. Please verify NorthWestern potential upside, as well as the relationship between the kurtosis and day typical price , to decide if NorthWestern will be following its current price movements.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
NorthWestern has almost perfect reverse predictability. Overlapping area represents the amount of predictability between NorthWestern time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NorthWestern price movement. The serial correlation of -0.73 indicates that around 73.0% of current NorthWestern price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.67 |
NorthWestern lagged returns against current returns
Autocorrelation, which is NorthWestern stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting NorthWestern's stock expected returns. We can calculate the autocorrelation of NorthWestern returns to help us make a trade decision. For example, suppose you find that NorthWestern has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
NorthWestern regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If NorthWestern stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NorthWestern stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NorthWestern stock over time.
Current vs Lagged Prices |
| Timeline |
NorthWestern Lagged Returns
When evaluating NorthWestern's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NorthWestern stock have on its future price. NorthWestern autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, NorthWestern autocorrelation shows the relationship between NorthWestern stock current value and its past values and can show if there is a momentum factor associated with investing in NorthWestern.
Regressed Prices |
| Timeline |
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When running NorthWestern's price analysis, check to measure NorthWestern'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 NorthWestern is operating at the current time. Most of NorthWestern's value examination focuses on studying past and present price action to predict the probability of NorthWestern's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NorthWestern's price. Additionally, you may evaluate how the addition of NorthWestern to your portfolios can decrease your overall portfolio volatility.
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NorthWestern 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.