Nordic Iron Financials
| NIO Stock | SEK 5.00 0.02 0.40% |
Nordic |
Understanding current and past Nordic Iron Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Nordic Iron's financial statements are interrelated, with each one affecting the others. For example, an increase in Nordic Iron's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Nordic Iron's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Nordic Iron Ore. Check Nordic Iron's Beneish M Score to see the likelihood of Nordic Iron's management manipulating its earnings.
Nordic Iron Stock Summary
Nordic Iron competes with Leading Edge, Alzinova, SaltX Technology, KABE Group, and IAR Systems. Nordic Iron Ore AB engages in the exploration, development, and mining of iron-ore deposits in Vsterbergslagen, Sweden. The company was founded in 2008 and is headquartered in Danderyd, Sweden. Nordic Iron is traded on Stockholm Stock Exchange in Sweden.| Foreign Associate | USA |
| Instrument | Sweden Stock View All |
| Exchange | Stockholm Exchange |
| ISIN | SE0011528017 |
| Business Address | Vendevgen 85 A, |
| Sector | Basic Materials |
| Industry | Industrial Metals & Minerals |
| Benchmark | Dow Jones Industrial |
| Website | www.nordicironore.se |
| Phone | 46 24 08 83 00 |
| Currency | SEK - Swedish Kronor |
You should never invest in Nordic Iron without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Nordic Stock, because this is throwing your money away. Analyzing the key information contained in Nordic Iron's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Nordic Iron Key Financial Ratios
Nordic Iron's financial ratios allow both analysts and investors to convert raw data from Nordic Iron's financial statements into concise, actionable information that can be used to evaluate the performance of Nordic Iron over time and compare it to other companies across industries.| Return On Equity | -0.0652 | |||
| Return On Asset | -0.0333 | |||
| Beta | 1.67 | |||
| Z Score | 85.8 |
Nordic Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Nordic Iron's current stock value. Our valuation model uses many indicators to compare Nordic Iron value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nordic Iron competition to find correlations between indicators driving Nordic Iron's intrinsic value. More Info.Nordic Iron Ore is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Nordic Iron's earnings, one of the primary drivers of an investment's value.Nordic Iron Ore Systematic Risk
Nordic Iron's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Nordic Iron volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Nordic Iron Ore correlated with the market. If Beta is less than 0 Nordic Iron generally moves in the opposite direction as compared to the market. If Nordic Iron Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Nordic Iron Ore is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Nordic Iron is generally in the same direction as the market. If Beta > 1 Nordic Iron moves generally in the same direction as, but more than the movement of the benchmark.
Nordic Iron Thematic Clasifications
Nordic Iron Ore is part of Iron investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Steel and Iron production. Companies involved in production of steel and iron
This theme covers Steel and Iron production. Companies involved in production of steel and iron. Get More Thematic Ideas
| Iron | View |
Nordic Iron November 28, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Nordic Iron help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Nordic Iron Ore. We use our internally-developed statistical techniques to arrive at the intrinsic value of Nordic Iron Ore based on widely used predictive technical indicators. In general, we focus on analyzing Nordic Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Nordic Iron's daily price indicators and compare them against related drivers.
| Downside Deviation | 2.49 | |||
| Information Ratio | 0.0233 | |||
| Maximum Drawdown | 25.71 | |||
| Value At Risk | (4.08) | |||
| Potential Upside | 6.14 |
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.