Nordic Semiconductor (Norway) Price on May 31, 2023

NOD Stock  NOK 98.94  0.56  0.56%   
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 Semiconductor stands at 98.94, as last reported on the 30th of November, with the highest price reaching 99.78 and the lowest price hitting 98.80 during the day. Nordic Semiconductor ASA has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of risk over the last 3 months. Nordic Semiconductor exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nordic Semiconductor's Risk Adjusted Performance of (0.1), standard deviation of 3.61, and Mean Deviation of 1.93 to check out the risk estimate we provide.
  
Nordic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1255

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Estimated Market Risk

 3.63
  actual daily
32
68% of assets are more volatile

Expected Return

 -0.46
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.13
  actual daily
0
Most of other assets perform better
Based on monthly moving average Nordic Semiconductor is not performing at its full potential. However, 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 Semiconductor by adding Nordic Semiconductor to a well-diversified portfolio.

Nordic Semiconductor Valuation on May 31, 2023

It is possible to determine the worth of Nordic Semiconductor on a given historical date. On May 31, 2023 Nordic was worth 116.5 at the beginning of the trading date compared to the closed value of 116.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nordic Semiconductor stock. Still, in general, we apply an absolute valuation method to find Nordic Semiconductor'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 Semiconductor where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nordic Semiconductor's related companies.
 Open High Low Close Volume
  116.75    120.00    115.80    117.75    689,774  
05/31/2023
  116.50    118.35    114.65    116.30    894,387  
  116.00    116.80    114.35    115.90    450,760  
Backtest Nordic Semiconductor  |  Nordic Semiconductor History  |  Nordic Semiconductor Valuation   PreviousNext  
Open Value
116.5
105.60
Downside
116.3
Closing Value
127.40
Upside

Nordic Semiconductor Trading Date Momentum on May 31, 2023

On June 01 2023 Nordic Semiconductor ASA was traded for  115.90  at the closing time. The maximum traded price for the trading interval was 116.80  and the lowest daily price was  114.35 . The daily volume was recorded at 450.8 K. The volume of trading on 1st of June 2023 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 0.34% . The trading delta at closing time to the closing price today is 15.56% .

Nordic Semiconductor ASA Fundamentals Correlations and Trends

By evaluating Nordic Semiconductor'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 Semiconductor'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 Semiconductor Stock history

Nordic Semiconductor 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 Semiconductor ASA 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 Semiconductor stock prices may prove useful in developing a viable investing in Nordic Semiconductor
Nordic Semiconductor ASA, a fabless semiconductor company, designs, develops, and sells integrated circuits and related solutions for short and long range wireless communication in Europe, the Americas, and the AsiaPacific. Nordic Semiconductor ASA was founded in 1983 and is headquartered in Trondheim, Norway. NORDIC SEMICONDUCT operates under Electronic Components classification in Norway and is traded on Oslo Stock Exchange. It employs 717 people.

Nordic Semiconductor Stock Technical Analysis

Nordic Semiconductor 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.
A focus of Nordic Semiconductor technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nordic Semiconductor trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Nordic Semiconductor Period Price Range

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November 30, 2024
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Nordic Semiconductor ASA cannot be verified against its exchange. Please verify the symbol is currently traded on Oslo Stock 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 Semiconductor November 30, 2024 Market Strength

Market strength indicators help investors to evaluate how Nordic Semiconductor 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 Semiconductor shares will generate the highest return on investment. By undertsting and applying Nordic Semiconductor stock market strength indicators, traders can identify Nordic Semiconductor ASA entry and exit signals to maximize returns

Nordic Semiconductor Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Nordic Semiconductor'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.

Other Information on Investing in Nordic Stock

Nordic Semiconductor 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 Semiconductor security.