Northfield Bancorp Stock Market Value
| NFBK Stock | USD 13.74 0.36 2.55% |
| Symbol | Northfield |
Northfield Bancorp Price To Book Ratio
Is Regional Banks space 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 Northfield Bancorp. If investors know Northfield 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 Northfield Bancorp 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 (0.16) | Dividend Share 0.52 | Earnings Share 0.64 | Revenue Per Share 2.964 | Quarterly Revenue Growth (0.07) |
The market value of Northfield Bancorp is measured differently than its book value, which is the value of Northfield that is recorded on the company's balance sheet. Investors also form their own opinion of Northfield Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Northfield Bancorp'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 Northfield Bancorp's market value can be influenced by many factors that don't directly affect Northfield Bancorp'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 Northfield Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northfield Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northfield Bancorp'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.
Northfield Bancorp '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 Northfield Bancorp'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 Northfield Bancorp.
| 11/19/2023 |
| 11/13/2024 |
If you would invest 0.00 in Northfield Bancorp on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Northfield Bancorp or generate 0.0% return on investment in Northfield Bancorp over 360 days. Northfield Bancorp is related to or competes with Finward Bancorp, Community West, First Financial, Home Bancorp, Home Federal, First Northwest, and First Capital. operates as the bank holding company for Northfield Bank that provides various banking services primarily to individuals... More
Northfield Bancorp 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 Northfield Bancorp'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 Northfield Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.95 | |||
| Information Ratio | 0.0714 | |||
| Maximum Drawdown | 20.29 | |||
| Value At Risk | (2.85) | |||
| Potential Upside | 4.31 |
Northfield Bancorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northfield Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northfield Bancorp's standard deviation. In reality, there are many statistical measures that can use Northfield Bancorp historical prices to predict the future Northfield Bancorp's volatility.| Risk Adjusted Performance | 0.106 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.1092 | |||
| Treynor Ratio | 0.1361 |
Northfield Bancorp Backtested Returns
Northfield Bancorp appears to be not too volatile, given 3 months investment horizon. Northfield Bancorp has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Northfield Bancorp, which you can use to evaluate the volatility of the firm. Please exercise Northfield Bancorp's Downside Deviation of 1.95, mean deviation of 1.93, and Risk Adjusted Performance of 0.106 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Northfield Bancorp holds a performance score of 8. The company secures a Beta (Market Risk) of 2.73, 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, Northfield Bancorp will likely underperform. Please check Northfield Bancorp's expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether Northfield Bancorp's current price movements will revert.
Auto-correlation | -0.41 |
Modest reverse predictability
Northfield Bancorp has modest reverse predictability. Overlapping area represents the amount of predictability between Northfield Bancorp time series from 19th of November 2023 to 17th of May 2024 and 17th of May 2024 to 13th of November 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 Northfield Bancorp price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Northfield Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 2.42 |
Northfield Bancorp lagged returns against current returns
Autocorrelation, which is Northfield Bancorp 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 Northfield Bancorp's stock expected returns. We can calculate the autocorrelation of Northfield Bancorp returns to help us make a trade decision. For example, suppose you find that Northfield Bancorp 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 |
Northfield Bancorp 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 Northfield Bancorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northfield Bancorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northfield Bancorp stock over time.
Current vs Lagged Prices |
| Timeline |
Northfield Bancorp Lagged Returns
When evaluating Northfield Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northfield Bancorp stock have on its future price. Northfield Bancorp 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, Northfield Bancorp autocorrelation shows the relationship between Northfield Bancorp stock current value and its past values and can show if there is a momentum factor associated with investing in Northfield Bancorp.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Northfield Bancorp Correlation, Northfield Bancorp Volatility and Northfield Bancorp Alpha and Beta module to complement your research on Northfield Bancorp. For more information on how to buy Northfield Stock please use our How to buy in Northfield Stock guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Northfield Bancorp 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.