2.39 -0.11 (-4.4%) Sell

NOG investors looking to exit as part of sectoral rotation

13 min read

NORTHERN OIL & GAS, INC. significantly underperformed today. It delivered -4.4% to close at 2.39. It's recent 5 day performance has been +0.4%, +7.79%, +2.67%, -6.64% and -1.63%.

[Themes containing NOG]

NOG is currently in a bearish trend. Over the last three months 2 bearish signals have generated a profit of +11.05% for investors.


NOG has been underperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 27 Apr, 2016 to 27 Oct, 2017. Over the last 2 years 11 months and 10 days, NOG underperformed the SP500 index on 53% days.

During the last three months NOG delivered profits on 50% days. However, it still managed to end this period in a loss. It's best return during this period (of +8.27%) was on Monday, 3 Dec, 2018. While it's worst loss in the same period (of -8.64%) was on Monday, 29 Oct, 2018. The longest stort-term trend during this period was 11 profitable days, which started on 17 Sep, 2018 and went on till 1 Oct, 2018. This bullish trend returned +22.51% to investors.

The last 12 months saw NOG's investors making profits in 5 months and incurring losses in 7 months. NOG was less consistent in delivering monthly returs than SP500 index. NOG significantly outperformed SP500 index in May 2018, when it returned +62.28% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. NOG had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year.

"I grew up in Finance.

NOG is currently seeing overall increase in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in NOG's volatility from 19 Sep, 2018 to 5 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 25 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that NOG has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.

SP500 index has more chance of extreme outcomes than NOG. Therefore, SP500 must receive a lower allocation than NOG in your portfolio. SP500 index usually has shorter drawdown period than NOG.

Based on your interest in NOG you may find it interesting to know that APRN, AMRH and AYTU have all shown remarkable performance and qualify to be on every investor's watchlist.

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