Nordson Stock Price on November 21, 2024
| NDSN Stock | USD 259.36 0.63 0.24% |
If you're considering investing in Nordson Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nordson stands at 259.36, as last reported on the 28th of November, with the highest price reaching 261.69 and the lowest price hitting 257.64 during the day. As of now, Nordson Stock is very steady. Nordson has Sharpe Ratio of 0.0201, which conveys that the firm had a 0.0201% return per unit of risk over the last 3 months. We have found thirty technical indicators for Nordson, which you can use to evaluate the volatility of the firm. Please verify Nordson's Downside Deviation of 1.09, mean deviation of 0.8961, and Risk Adjusted Performance of 0.0189 to check out if the risk estimate we provide is consistent with the expected return of 0.0238%.
Nordson Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nordson |
Sharpe Ratio = 0.0201
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Estimated Market Risk
| 1.18 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Nordson is performing at about 1% 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 Nordson by adding it to a well-diversified portfolio.
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Nordson Valuation on November 21, 2024
It is possible to determine the worth of Nordson on a given historical date. On November 21, 2024 Nordson was worth 253.12 at the beginning of the trading date compared to the closed value of 256.58. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nordson stock. Still, in general, we apply an absolute valuation method to find Nordson'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 Nordson where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nordson's related companies.
| Open | High | Low | Close | Volume | |
| 249.86 | 253.00 | 248.28 | 252.56 | 136,633 | |
11/21/2024 | 253.12 | 258.37 | 252.57 | 256.58 | 135,180 |
| 257.24 | 261.79 | 257.24 | 261.27 | 201,148 |
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Nordson Trading Date Momentum on November 21, 2024
| On November 22 2024 Nordson was traded for 261.27 at the closing time. The top price for the day was 261.79 and the lowest listed price was 257.24 . The trading volume for the day was 201.1 K. The trading history from November 22, 2024 was a factor to the next trading day price boost. The trading delta at closing time against the next closing price was 1.83% . The trading delta at closing time against the current closing price is 1.47% . |
Nordson Fundamentals Correlations and Trends
By evaluating Nordson'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 Nordson's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nordson financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nordson Stock history
Nordson 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 Nordson is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nordson 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 Nordson stock prices may prove useful in developing a viable investing in Nordson
Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. Nordson Corporation was founded in 1935 and is headquartered in Westlake, Ohio. Nordson Corp operates under Specialty Industrial Machinery classification in the United States and is traded on NASDAQ Exchange. It employs 7200 people.
Nordson Stock Technical Analysis
Nordson 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
Nordson Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Nordson cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
Nordson November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Nordson stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nordson shares will generate the highest return on investment. By undertsting and applying Nordson stock market strength indicators, traders can identify Nordson entry and exit signals to maximize returns
Nordson Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nordson's price direction in advance. Along with the technical and fundamental analysis of Nordson Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nordson 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 | 0.0189 | |||
| Jensen Alpha | 0.0248 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | (0.14) |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nordson. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices. To learn how to invest in Nordson Stock, please use our How to Invest in Nordson guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Is Machinery 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 Nordson. If investors know Nordson 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 Nordson 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 Nordson is measured differently than its book value, which is the value of Nordson that is recorded on the company's balance sheet. Investors also form their own opinion of Nordson's value that differs from its market value or its book value, called intrinsic value, which is Nordson'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 Nordson's market value can be influenced by many factors that don't directly affect Nordson'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 Nordson's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nordson is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nordson'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.