NORDSTROM INC 5 Market Value
| 655664AR1 | 73.44 2.39 3.15% |
| Symbol | NORDSTROM |
NORDSTROM 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to NORDSTROM's bond what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of NORDSTROM.
| 12/10/2022 |
| 11/29/2024 |
If you would invest 0.00 in NORDSTROM on December 10, 2022 and sell it all today you would earn a total of 0.00 from holding NORDSTROM INC 5 or generate 0.0% return on investment in NORDSTROM over 720 days. NORDSTROM is related to or competes with Air Products, CF Industries, Hudson Technologies, BCE, Kandi Technologies, Mativ Holdings, and Avient Corp. More
NORDSTROM Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure NORDSTROM's bond current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess NORDSTROM INC 5 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.78 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 36.26 | |||
| Value At Risk | (4.70) | |||
| Potential Upside | 6.55 |
NORDSTROM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NORDSTROM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NORDSTROM's standard deviation. In reality, there are many statistical measures that can use NORDSTROM historical prices to predict the future NORDSTROM's volatility.| Risk Adjusted Performance | 0.0191 | |||
| Jensen Alpha | 0.0239 | |||
| Total Risk Alpha | (0.79) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1784 |
NORDSTROM INC 5 Backtested Returns
NORDSTROM INC 5 has Sharpe Ratio of -0.15, which conveys that the entity had a -0.15% return per unit of standard deviation over the last 3 months. NORDSTROM exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NORDSTROM's Mean Deviation of 2.55, risk adjusted performance of 0.0191, and Market Risk Adjusted Performance of 0.1884 to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of 0.38, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NORDSTROM's returns are expected to increase less than the market. However, during the bear market, the loss of holding NORDSTROM is expected to be smaller as well.
Auto-correlation | 0.05 |
Virtually no predictability
NORDSTROM INC 5 has virtually no predictability. Overlapping area represents the amount of predictability between NORDSTROM time series from 10th of December 2022 to 5th of December 2023 and 5th of December 2023 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NORDSTROM INC 5 price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current NORDSTROM price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 18.83 |
NORDSTROM INC 5 lagged returns against current returns
Autocorrelation, which is NORDSTROM bond's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting NORDSTROM's bond expected returns. We can calculate the autocorrelation of NORDSTROM returns to help us make a trade decision. For example, suppose you find that NORDSTROM has exhibited high autocorrelation historically, and you observe that the bond is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
NORDSTROM regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If NORDSTROM bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NORDSTROM bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NORDSTROM bond over time.
Current vs Lagged Prices |
| Timeline |
NORDSTROM Lagged Returns
When evaluating NORDSTROM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NORDSTROM bond have on its future price. NORDSTROM autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, NORDSTROM autocorrelation shows the relationship between NORDSTROM bond current value and its past values and can show if there is a momentum factor associated with investing in NORDSTROM INC 5.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in NORDSTROM Bond
NORDSTROM financial ratios help investors to determine whether NORDSTROM Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NORDSTROM with respect to the benefits of owning NORDSTROM security.