Northland Power Stock Forward View - Polynomial Regression
| NPI Stock | CAD 22.10 -0.17 -0.76% |
The Polynomial Regression forecast shown here for Northland Power is reference data produced from the equity's historical price series. Accuracy metrics including mean absolute deviation are provided alongside the projection.
The Polynomial Regression forecasted value of Northland Power on the next trading day is expected to be 22.62 with a mean absolute deviation of 0.29 and the sum of the absolute errors of 17.51.A single variable polynomial regression model attempts to put a curve through the Northland Power historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm This Polynomial Regression reference page for Northland Power presents model-generated projections from historical price data for informational purposes. Polynomial Regression Price Forecast For the 20th of March
Given 90 days horizon, the Polynomial Regression forecasted value of Northland Power on the next trading day is expected to be 22.62 with a mean absolute deviation of 0.29 , mean absolute percentage error of 0.15 , and the sum of the absolute errors of 17.51 .Please note that although there have been many attempts to predict Northland Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Northland Power's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Northland Power | Northland Power Price Prediction | Research Analysis |
Forecasted Value
For the next trading day, Macroaxis evaluates Northland Power's predictive range by looking for statistically meaningful downside and upside boundaries. The current forecast range spans downside near 21.08 and upside near 24.16.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Northland Power stock data series using in forecasting. Note that when a statistical model is used to represent Northland Power stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 116.18 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.2871 |
| MAPE | Mean absolute percentage error | 0.0145 |
| SAE | Sum of the absolute errors | 17.5128 |
Other Forecasting Options for Northland Power
Regardless of investment experience, understanding Northland Power's price movement is essential for anyone considering a position in Northland. Price charts for Northland Stock are often filled with noise that can lead to poor investment choices if not properly filtered.Northland Power Related Equities
The following equities are related to Northland Power within the Utilities space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Northland Power against peers on metrics such as P/E, margins, and return on equity helps contextualize its positioning and identify relative strengths or weaknesses.
| Risk & Return | Correlation |
Northland Power Market Strength Events
Market strength indicators for Northland Power give investors insight into the stock's responsiveness to broader market forces. Tracking these indicators provides context to make informed timing decisions and identify periods where trading Northland Power is likely to be most rewarding.
Northland Power Risk Indicators
A thorough review of Northland Power's risk indicators is an important first step in forecasting its price and managing investment exposure. This analysis provides context for determining the appropriate level of risk to accept when holding Northland Power's.
| Mean Deviation | 1.01 | |||
| Semi Deviation | 0.771 | |||
| Standard Deviation | 1.53 | |||
| Variance | 2.34 | |||
| Downside Variance | 1.45 | |||
| Semi Variance | 0.5945 | |||
| Expected Short fall | -1.17 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Northland Power
The amount of media and story coverage tied to Northland Power can signal where market attention is concentrating at the moment. A disciplined read of coverage separates durable relevance from temporary noise.
Other Macroaxis Stories
Macroaxis publishes story content for a diverse readership that includes finance students, independent investors, money managers, and market-focused operating teams. What connects that audience is a focus on building stronger portfolios through better research, risk awareness, and comparative analysis.
Story Categories
Currently Trending Categories
Northland Power Short Properties
Short sentiment tied to Northland Power matters because heavier bearish pressure can change how quickly future price expectations become unstable. Used correctly, these measures can help investors decide when hedging or timing discipline may matter more than conviction alone.
| Common Stock Shares Outstanding | 261.3 M | |
| Cash And Short Term Investments | 678.9 M |
More Resources for Northland Stock Analysis
Other Information on Investing in Northland Stock
Northland Power ratios capture relationships across its reported financial data. They summarize how financial performance connects to valuation.