Nordon Indstrias (Brazil) Price on December 2, 2024
| NORD3 Stock | BRL 6.86 0.48 6.54% |
If you're considering investing in Nordon Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nordon Indstrias stands at 6.86, as last reported on the 2nd of December, with the highest price reaching 6.86 and the lowest price hitting 6.86 during the day. Nordon Indstrias Met has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12% return per unit of risk over the last 3 months. Nordon Indstrias exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nordon Indstrias' Standard Deviation of 5.55, risk adjusted performance of (0.09), and Mean Deviation of 3.36 to check out the risk estimate we provide.
Nordon Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nordon |
Sharpe Ratio = -0.1204
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Estimated Market Risk
| 5.04 actual daily | 44 56% of assets are more volatile |
Expected Return
| -0.61 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Nordon Indstrias 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 Nordon Indstrias by adding Nordon Indstrias to a well-diversified portfolio.
Nordon Indstrias Valuation on December 2, 2024
It is possible to determine the worth of Nordon Indstrias on a given historical date. On December 2, 2024 Nordon was worth 6.86 at the beginning of the trading date compared to the closed value of 6.86. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nordon Indstrias stock. Still, in general, we apply an absolute valuation method to find Nordon Indstrias' 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 Nordon Indstrias where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nordon Indstrias' related companies.
| Open | High | Low | Close | Volume | |
| 6.86 | 6.86 | 6.86 | 6.86 | 1.00 | |
12/02/2024 | 6.86 | 6.86 | 6.86 | 6.86 | 0.00 |
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Nordon Indstrias Trading Date Momentum on December 2, 2024
| On December 02 2024 Nordon Indstrias Metalrgicas was traded for 6.86 at the closing time. The highest price during the trading period was 6.86 and the lowest recorded bid was listed for 6.86 . There was no trading activity during the period 0.0. Lack of trading volume on December 2, 2024 did not cause price change. The trading delta at closing time to the current price is 0.00% . |
Nordon Indstrias Met Fundamentals Correlations and Trends
By evaluating Nordon Indstrias' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nordon Indstrias' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nordon financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nordon Indstrias Stock history
Nordon Indstrias 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 Nordon is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nordon Indstrias Met 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 Nordon Indstrias stock prices may prove useful in developing a viable investing in Nordon Indstrias
Nordon Indstrias Metalrgicas SA engages in the production of capital goods for chemical, oil, petrochemical, cryogenic, and food and beverage industries in Brazil. The company was founded in 1966 and is headquartered in Santo Andr, Brazil. NORDON MET operates under Conglomerates classification in Brazil and is traded on Sao Paolo Stock Exchange.
Nordon Indstrias Stock Technical Analysis
Nordon Indstrias 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
Nordon Indstrias Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Nordon Indstrias Metalrgicas cannot be verified against its exchange. Please verify the symbol is currently traded on Sao Paulo 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.
Nordon Indstrias December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Nordon Indstrias stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nordon Indstrias shares will generate the highest return on investment. By undertsting and applying Nordon Indstrias stock market strength indicators, traders can identify Nordon Indstrias Metalrgicas entry and exit signals to maximize returns
Nordon Indstrias Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nordon Indstrias' price direction in advance. Along with the technical and fundamental analysis of Nordon Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nordon 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 | (0.09) | |||
| Jensen Alpha | (0.86) | |||
| Total Risk Alpha | (1.65) | |||
| Treynor Ratio | (0.69) |
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Additional Tools for Nordon Stock Analysis
When running Nordon Indstrias' price analysis, check to measure Nordon Indstrias' 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 Nordon Indstrias is operating at the current time. Most of Nordon Indstrias' value examination focuses on studying past and present price action to predict the probability of Nordon Indstrias' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nordon Indstrias' price. Additionally, you may evaluate how the addition of Nordon Indstrias to your portfolios can decrease your overall portfolio volatility.