Nordstrom Stock Price on December 5, 2024
| JWN Stock | USD 24.21 0.01 0.04% |
If you're considering investing in Nordstrom Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nordstrom stands at 24.21, as last reported on the 30th of December, with the highest price reaching 24.27 and the lowest price hitting 24.19 during the day. Nordstrom appears to be very steady, given 3 months investment horizon. Nordstrom has Sharpe Ratio of 0.0936, which conveys that the firm had a 0.0936% return per unit of risk over the last 3 months. We have found thirty technical indicators for Nordstrom, which you can use to evaluate the volatility of the firm. Please exercise Nordstrom's Downside Deviation of 2.24, risk adjusted performance of 0.0811, and Mean Deviation of 1.59 to check out if our risk estimates are consistent with your expectations.
Nordstrom Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nordstrom |
Sharpe Ratio = 0.0936
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Estimated Market Risk
| 2.27 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.21 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Nordstrom is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nordstrom by adding it to a well-diversified portfolio.
Nordstrom Valuation on December 5, 2024
It is possible to determine the worth of Nordstrom on a given historical date. On December 5, 2024 Nordstrom was worth 23.72 at the beginning of the trading date compared to the closed value of 23.46. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nordstrom stock. Still, in general, we apply an absolute valuation method to find Nordstrom's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Nordstrom where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nordstrom's related companies.
| Open | High | Low | Close | Volume | |
| 23.22 | 24.00 | 23.15 | 23.99 | 2,191,894 | |
12/05/2024 | 23.72 | 23.75 | 23.11 | 23.46 | 1,950,423 |
| 23.70 | 23.71 | 23.05 | 23.19 | 2,047,487 |
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Nordstrom Trading Date Momentum on December 5, 2024
| On December 06 2024 Nordstrom was traded for 23.19 at the closing time. Highest Nordstrom's price during the trading hours was 23.71 and the lowest price during the day was 23.05 . The net volume was 2 M. The overall trading history on the 6th of December contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 1.15% . The trading delta at closing time to current price is 1.28% . |
Nordstrom Fundamentals Correlations and Trends
By evaluating Nordstrom's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nordstrom's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nordstrom financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nordstrom Stock history
Nordstrom investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Nordstrom is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nordstrom will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Nordstrom stock prices may prove useful in developing a viable investing in Nordstrom
Nordstrom, Inc., a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods for women, men, young adults, and children. Nordstrom, Inc. was founded in 1901 and is headquartered in Seattle, Washington. Nordstrom operates under Department Stores classification in the United States and is traded on New York Stock Exchange. It employs 72000 people.
Nordstrom Stock Technical Analysis
Nordstrom 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.
Price Boundaries
Nordstrom Period Price Range
Low | December 30, 2024
| High |
0.00 | 0.00 |
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Nordstrom December 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Nordstrom stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nordstrom shares will generate the highest return on investment. By undertsting and applying Nordstrom stock market strength indicators, traders can identify Nordstrom entry and exit signals to maximize returns
Nordstrom Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nordstrom's price direction in advance. Along with the technical and fundamental analysis of Nordstrom Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nordstrom to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0811 | |||
| Jensen Alpha | 0.1884 | |||
| Total Risk Alpha | 0.1393 | |||
| Sortino Ratio | 0.0804 | |||
| Treynor Ratio | 0.3179 |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Nordstrom. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. To learn how to invest in Nordstrom Stock, please use our How to Invest in Nordstrom guide.You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Is Retail 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 Nordstrom. If investors know Nordstrom 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 Nordstrom listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Nordstrom is measured differently than its book value, which is the value of Nordstrom that is recorded on the company's balance sheet. Investors also form their own opinion of Nordstrom's value that differs from its market value or its book value, called intrinsic value, which is Nordstrom'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 Nordstrom's market value can be influenced by many factors that don't directly affect Nordstrom'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 Nordstrom's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nordstrom is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nordstrom'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.