Nordic Iron (Sweden) Price on November 25, 2024
| NIO Stock | SEK 5.60 0.10 1.82% |
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 Iron stands at 5.60, as last reported on the 26th of February, with the highest price reaching 5.65 and the lowest price hitting 5.50 during the day. Nordic Iron appears to be slightly risky, given 3 months investment horizon. Nordic Iron Ore has Sharpe Ratio of 0.0698, which conveys that the firm had a 0.0698 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nordic Iron, which you can use to evaluate the volatility of the firm. Please exercise Nordic Iron's Downside Deviation of 3.72, mean deviation of 2.53, and Risk Adjusted Performance of 0.0624 to check out if our risk estimates are consistent with your expectations.
Nordic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nordic |
Sharpe Ratio = 0.0698
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Estimated Market Risk
| 3.34 actual daily | 29 71% of assets are more volatile |
Expected Return
| 0.23 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Nordic Iron is performing at about 5% 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 Iron by adding it to a well-diversified portfolio.
Nordic Iron Valuation on November 25, 2024
It is possible to determine the worth of Nordic Iron on a given historical date. On November 25, 2024 Nordic was worth 5.0 at the beginning of the trading date compared to the closed value of 5.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nordic Iron stock. Still, in general, we apply an absolute valuation method to find Nordic Iron'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 Iron where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nordic Iron's related companies.
| Open | High | Low | Close | Volume | |
| 5.05 | 5.05 | 4.80 | 5.00 | 14,169 | |
11/25/2024 | 5.00 | 5.30 | 4.78 | 5.20 | 32,419 |
| 5.00 | 5.40 | 4.80 | 4.98 | 34,163 |
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Nordic Iron Trading Date Momentum on November 25, 2024
| On November 26 2024 Nordic Iron Ore was traded for 4.98 at the closing time. The maximum traded price for the trading interval was 5.40 and the lowest daily price was 4.80 . The daily volume was recorded at 34.2 K. The volume of trading on 26th of November 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 4.23% . The trading delta at closing time to the closing price today is 8.46% . |
Nordic Iron Ore Fundamentals Correlations and Trends
By evaluating Nordic Iron'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 Iron'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 Iron Stock history
Nordic Iron 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 Iron Ore 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 Iron stock prices may prove useful in developing a viable investing in Nordic Iron
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.
Nordic Iron Stock Technical Analysis
Nordic Iron 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 Iron Period Price Range
Low | February 26, 2025
| High |
0.00 | 0.00 |
Nordic Iron Ore 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 Iron February 26, 2025 Market Strength
Market strength indicators help investors to evaluate how Nordic Iron 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 Iron shares will generate the highest return on investment. By undertsting and applying Nordic Iron stock market strength indicators, traders can identify Nordic Iron Ore entry and exit signals to maximize returns
Nordic Iron Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nordic Iron'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 | 0.0624 | |||
| Jensen Alpha | 0.2312 | |||
| Total Risk Alpha | 0.214 | |||
| Sortino Ratio | 0.0622 | |||
| Treynor Ratio | 0.2269 |
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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.