Nordic Paper (Sweden) Price on September 24, 2024

NPAPER Stock  SEK 48.72  1.00  2.01%   
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 Paper stands at 48.72, as last reported on the 11th of December 2024, with the highest price reaching 49.60 and the lowest price hitting 46.12 during the day. Nordic Paper Holding has Sharpe Ratio of -0.0819, which conveys that the firm had a -0.0819% return per unit of risk over the last 3 months. Nordic Paper exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nordic Paper's Risk Adjusted Performance of (0.05), mean deviation of 0.5157, and Standard Deviation of 0.8971 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 = -0.0819

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Estimated Market Risk

 0.81
  actual daily
7
93% of assets are more volatile

Expected Return

 -0.07
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.08
  actual daily
0
Most of other assets perform better
Based on monthly moving average Nordic Paper 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 Paper by adding Nordic Paper to a well-diversified portfolio.

Nordic Paper Valuation on September 24, 2024

It is possible to determine the worth of Nordic Paper on a given historical date. On September 24, 2024 Nordic was worth 53.9 at the beginning of the trading date compared to the closed value of 53.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nordic Paper stock. Still, in general, we apply an absolute valuation method to find Nordic Paper'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 Paper where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nordic Paper's related companies.
 Open High Low Close Volume
  54.20    54.80    53.55    53.90    38,580  
09/24/2024
  53.90    54.70    53.20    53.50    56,878  
  53.50    54.70    53.50    54.00    25,916  
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Open Value
53.9
53.5
Closing Value
56.34
Upside

Nordic Paper Trading Date Momentum on September 24, 2024

On September 25 2024 Nordic Paper Holding was traded for  54.00  at the closing time. The highest price during the trading period was 54.70  and the lowest recorded bid was listed for  53.50 . The volume for the day was 25.9 K. This history from September 25, 2024 contributed to the next trading day price jump. The trading delta at closing time to the next closing price was 0.93% . The trading delta at closing time to the current price is 4.30% .

Nordic Paper Holding Fundamentals Correlations and Trends

By evaluating Nordic Paper'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 Paper'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 Paper Stock history

Nordic Paper 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 Paper Holding 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 Paper stock prices may prove useful in developing a viable investing in Nordic Paper
Nordic Paper Holding AB produces and sells natural greaseproof and kraft paper in Sweden and internationally. The company was founded in 1871 and is headquartered in Karlstad, Sweden. Nordic Paper is traded on Stockholm Stock Exchange in Sweden.

Nordic Paper Stock Technical Analysis

Nordic Paper 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 Paper technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nordic Paper 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 Paper Period Price Range

Low
December 11, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Nordic Paper Holding 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 Paper December 11, 2024 Market Strength

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

Nordic Paper Technical and Predictive Indicators

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

Complementary Tools for Nordic Stock analysis

When running Nordic Paper's price analysis, check to measure Nordic Paper'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 Paper is operating at the current time. Most of Nordic Paper's value examination focuses on studying past and present price action to predict the probability of Nordic Paper'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 Paper's price. Additionally, you may evaluate how the addition of Nordic Paper to your portfolios can decrease your overall portfolio volatility.
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