Nordea Norwegian (Ireland) Manager Performance Evaluation
| 0P0001IIFG | 169.65 0.66 0.39% |
The fund secures a Beta (Market Risk) of 0.0193, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nordea Norwegian's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nordea Norwegian is expected to be smaller as well.
Risk-Adjusted Performance
11 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Nordea Norwegian Stars are ranked lower than 11 (%) of all funds and portfolios of funds over the last 90 days. Despite fairly strong forward indicators, Nordea Norwegian is not utilizing all of its potentials. The current stock price confusion, may contribute to short-horizon losses for the traders.
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Nordea Norwegian Relative Risk vs. Return Landscape
If you would invest 16,288 in Nordea Norwegian Stars on August 30, 2024 and sell it today you would earn a total of 677.00 from holding Nordea Norwegian Stars or generate 4.16% return on investment over 90 days. Nordea Norwegian Stars is generating 0.0657% of daily returns and assumes 0.4582% volatility on return distribution over the 90 days horizon. Simply put, 4% of funds are less volatile than Nordea, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Nordea Norwegian Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordea Norwegian's investment risk. Standard deviation is the most common way to measure market volatility of funds, such as Nordea Norwegian Stars, and traders can use it to determine the average amount a Nordea Norwegian's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1434
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| Cash | 0P0001IIFG | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.46 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Nordea Norwegian is performing at about 11% 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 Nordea Norwegian by adding it to a well-diversified portfolio.
Things to note about Nordea Norwegian Stars performance evaluation
Checking the ongoing alerts about Nordea Norwegian for important developments is a great way to find new opportunities for your next move. Fund alerts and notifications screener for Nordea Norwegian Stars help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Nordea Norwegian's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Nordea Norwegian's fund performance include:- Analyzing Nordea Norwegian's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Nordea Norwegian's stock is overvalued or undervalued compared to its peers.
- Examining Nordea Norwegian's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Nordea Norwegian's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nordea Norwegian's management team can help you assess the Fund's leadership.
- Pay attention to analyst opinions and ratings of Nordea Norwegian's fund. These opinions can provide insight into Nordea Norwegian's potential for growth and whether the stock is currently undervalued or overvalued.
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