Nordic Technology (Norway) Performance
| NTG Stock | 1.70 0.00 0.00% |
On a scale of 0 to 100, Nordic Technology holds a performance score of 3. The company secures a Beta (Market Risk) of -3.65, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Nordic Technology are expected to decrease by larger amounts. On the other hand, during market turmoil, Nordic Technology is expected to outperform it. Please check Nordic Technology's downside variance, and the relationship between the maximum drawdown and skewness , to make a quick decision on whether Nordic Technology's current price movements will revert.
Risk-Adjusted Performance
Insignificant
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Compared to the overall equity markets, risk-adjusted returns on investments in Nordic Technology Group are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. Despite quite unfluctuating technical and fundamental indicators, Nordic Technology disclosed solid returns over the last few months and may actually be approaching a breakup point. ...more
Nordic |
Nordic Technology Relative Risk vs. Return Landscape
If you would invest 190.00 in Nordic Technology Group on December 25, 2024 and sell it today you would lose (20.00) from holding Nordic Technology Group or give up 10.53% of portfolio value over 90 days. Nordic Technology Group is generating 0.6727% of daily returns assuming 14.6725% volatility of returns over the 90 days investment horizon. Simply put, majority of traded equity instruments are less risky than Nordic on the basis of their historical return distribution, and most equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Nordic Technology Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordic Technology's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Nordic Technology Group, and traders can use it to determine the average amount a Nordic Technology's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0458
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 14.67 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.67 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average Nordic Technology is performing at about 3% 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 Technology by adding it to a well-diversified portfolio.
Nordic Technology Fundamentals Growth
Nordic Stock prices reflect investors' perceptions of the future prospects and financial health of Nordic Technology, and Nordic Technology fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Nordic Stock performance.
| Shares Outstanding | 70.92 M | |||
About Nordic Technology Performance
By examining Nordic Technology's fundamental ratios, stakeholders can obtain critical insights into Nordic Technology's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Nordic Technology is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Things to note about Nordic Technology performance evaluation
Checking the ongoing alerts about Nordic Technology for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Nordic Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Nordic Technology is way too risky over 90 days horizon | |
| Nordic Technology may become a speculative penny stock | |
| Nordic Technology appears to be risky and price may revert if volatility continues |
- Analyzing Nordic Technology's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Nordic Technology's stock is overvalued or undervalued compared to its peers.
- Examining Nordic Technology's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Nordic Technology's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nordic Technology's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Nordic Technology's stock. These opinions can provide insight into Nordic Technology's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Nordic Stock
Nordic Technology financial ratios help investors to determine whether Nordic Stock 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 Nordic with respect to the benefits of owning Nordic Technology security.