Nordic Iron (Sweden) Buy Hold or Sell Recommendation
| NIO Stock | SEK 5.00 0.05 0.99% |
Assuming the 90 days trading horizon and your typical level of risk aversion, our recommendation regarding Nordic Iron Ore is 'Strong Sell'. A buy or sell recommendation is an automated directive regarding whether to purchase or sell Nordic Iron Ore given historical horizon and risk tolerance. When we issue a 'buy' or 'sell' recommendation for Nordic Iron Ore, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Nordic Iron Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual companies such as Nordic and provide practical buy, sell, or hold advice based on investors' constraints. Nordic Iron Ore. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Nordic |
Execute Nordic Iron Buy or Sell Advice
The Nordic recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Nordic Iron Ore. Macroaxis does not own or have any residual interests in Nordic Iron Ore or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Nordic Iron's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Insignificant | Details | |
Volatility | Relatively risky | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Nordic Iron Trading Alerts and Improvement Suggestions
| Nordic Iron Ore had very high historical volatility over the last 90 days | |
| Nordic Iron Ore has accumulated 2.1 M in total debt with debt to equity ratio (D/E) of 8.1, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Nordic Iron Ore has a current ratio of 0.75, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Nordic Iron until it has trouble settling it off, either with new capital or with free cash flow. So, Nordic Iron's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Nordic Iron Ore sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Nordic to invest in growth at high rates of return. When we think about Nordic Iron's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (8.84 M) with profit before overhead, payroll, taxes, and interest of 120.6 K. | |
| Nordic Iron Ore has accumulated about 2.81 M in cash with (9.11 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.19. | |
| Roughly 54.0% of Nordic Iron outstanding shares are owned by corporate insiders |
Nordic Iron Returns Distribution Density
The distribution of Nordic Iron's historical returns is an attempt to chart the uncertainty of Nordic Iron's future price movements. The chart of the probability distribution of Nordic Iron daily returns describes the distribution of returns around its average expected value. We use Nordic Iron Ore price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Nordic Iron returns is essential to provide solid investment advice for Nordic Iron.
| Mean Return | 0.24 | Value At Risk | -4.08 | Potential Upside | 6.14 | Standard Deviation | 3.69 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Nordic Iron historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Nordic Iron Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Nordic Iron or Basic Materials sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Nordic Iron's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Nordic stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.20 | |
β | Beta against Dow Jones | 0.23 | |
σ | Overall volatility | 3.69 | |
Ir | Information ratio | 0.03 |
Nordic Iron Volatility Alert
Nordic Iron Ore currently demonstrates below-average downside deviation. It has Information Ratio of 0.03 and Jensen Alpha of 0.2. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Nordic Iron's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Nordic Iron's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Nordic Iron Fundamentals Vs Peers
Comparing Nordic Iron's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Nordic Iron's direct or indirect competition across all of the common fundamentals between Nordic Iron and the related equities. This way, we can detect undervalued stocks with similar characteristics as Nordic Iron or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Nordic Iron's fundamental indicators could also be used in its relative valuation, which is a method of valuing Nordic Iron by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Nordic Iron to competition |
| Fundamentals | Nordic Iron | Peer Average |
| Return On Equity | -0.0652 | -0.31 |
| Return On Asset | -0.0333 | -0.14 |
| Current Valuation | 307.4 M | 16.62 B |
| Shares Outstanding | 37.14 M | 571.82 M |
| Shares Owned By Insiders | 54.19 % | 10.09 % |
| Price To Book | 2.05 X | 9.51 X |
| Price To Sales | 1,798 X | 11.42 X |
| Gross Profit | 120.6 K | 27.38 B |
| EBITDA | (7.82 M) | 3.9 B |
| Net Income | (8.84 M) | 570.98 M |
| Cash And Equivalents | 2.81 M | 2.7 B |
| Cash Per Share | 0.19 X | 5.01 X |
| Total Debt | 2.1 M | 5.32 B |
| Debt To Equity | 8.10 % | 48.70 % |
| Current Ratio | 0.77 X | 2.16 X |
| Book Value Per Share | 3.98 X | 1.93 K |
| Cash Flow From Operations | (9.11 M) | 971.22 M |
| Earnings Per Share | (0.22) X | 3.12 X |
| Number Of Employees | 3 | 18.84 K |
| Beta | 1.67 | -0.15 |
| Market Capitalization | 301.04 M | 19.03 B |
| Total Asset | 165.77 M | 29.47 B |
| Z Score | 85.8 | 8.72 |
| Net Asset | 165.77 M |
Nordic Iron Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Nordic . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Nordic Iron Buy or Sell Advice
When is the right time to buy or sell Nordic Iron Ore? Buying financial instruments such as Nordic Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Additional Tools for Nordic Stock Analysis
When running Nordic Iron's price analysis, check to measure Nordic Iron'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 Nordic Iron is operating at the current time. Most of Nordic Iron's value examination focuses on studying past and present price action to predict the probability of Nordic Iron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nordic Iron's price. Additionally, you may evaluate how the addition of Nordic Iron to your portfolios can decrease your overall portfolio volatility.