Nordic Asia (Sweden) Price on September 28, 2023
| NAIG-B Stock | 3.04 0.01 0.33% |
If you're considering investing in Nordic Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nordic Asia stands at 3.04, as last reported on the 12th of December 2024, with the highest price reaching 3.19 and the lowest price hitting 2.99 during the day. At this point, Nordic Asia is risky. Nordic Asia Investment has Sharpe Ratio of 0.0558, which conveys that the firm had a 0.0558% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nordic Asia, which you can use to evaluate the volatility of the firm. Please verify Nordic Asia's Risk Adjusted Performance of 0.0353, downside deviation of 3.27, and Mean Deviation of 2.35 to check out if the risk estimate we provide is consistent with the expected return of 0.18%.
Nordic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nordic |
Sharpe Ratio = 0.0558
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Estimated Market Risk
| 3.23 actual daily | 28 72% of assets are more volatile |
Expected Return
| 0.18 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Nordic Asia is performing at about 4% 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 Nordic Asia by adding it to a well-diversified portfolio.
Nordic Asia Valuation on September 28, 2023
It is possible to determine the worth of Nordic Asia on a given historical date. On September 28, 2023 Nordic was worth 4.12 at the beginning of the trading date compared to the closed value of 4.21. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nordic Asia stock. Still, in general, we apply an absolute valuation method to find Nordic Asia'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 Nordic Asia where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nordic Asia's related companies.
| Open | High | Low | Close | Volume | |
| 4.15 | 4.20 | 4.05 | 4.15 | 19,096 | |
09/28/2023 | 4.12 | 4.22 | 4.07 | 4.21 | 4,197 |
| 4.16 | 4.29 | 4.07 | 4.20 | 9,869 |
| Backtest Nordic Asia | | | Nordic Asia History | | | Nordic Asia Valuation | Previous | Next |
Nordic Asia Trading Date Momentum on September 28, 2023
| On September 29 2023 Nordic Asia Investment was traded for 4.20 at the closing time. The highest price during the trading period was 4.29 and the lowest recorded bid was listed for 4.07 . The volume for the day was 9.9 K. This history from September 29, 2023 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.24% . The trading delta at closing time to the current price is 1.19% . |
Nordic Asia Investment Fundamentals Correlations and Trends
By evaluating Nordic Asia'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 Nordic Asia's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nordic financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nordic Asia Stock history
Nordic Asia 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 Nordic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nordic Asia Investment 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 Nordic Asia stock prices may prove useful in developing a viable investing in Nordic Asia
Nordic Asia Stock Technical Analysis
Nordic Asia 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
Nordic Asia Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
Nordic Asia Investment cannot be verified against its exchange. Please verify the symbol is currently traded on Stockholm Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Nordic Asia December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Nordic Asia stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nordic Asia shares will generate the highest return on investment. By undertsting and applying Nordic Asia stock market strength indicators, traders can identify Nordic Asia Investment entry and exit signals to maximize returns
Nordic Asia Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nordic Asia's price direction in advance. Along with the technical and fundamental analysis of Nordic Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nordic 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 | 0.0353 | |||
| Jensen Alpha | 0.1221 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | (0.0007) | |||
| Treynor Ratio | (1.28) |
| Cycle Indicators | ||
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Nordic Stock analysis
When running Nordic Asia's price analysis, check to measure Nordic Asia'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 Asia is operating at the current time. Most of Nordic Asia's value examination focuses on studying past and present price action to predict the probability of Nordic Asia'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 Asia's price. Additionally, you may evaluate how the addition of Nordic Asia to your portfolios can decrease your overall portfolio volatility.
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