Nordic Mining (Norway) Performance
| NOM Stock | NOK 25.49 0.23 0.89% |
Nordic Mining has a performance score of 6 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.38, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nordic Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nordic Mining is expected to be smaller as well. Nordic Mining ASA right now secures a risk of 2.12%. Please verify Nordic Mining ASA maximum drawdown, skewness, day typical price, as well as the relationship between the downside variance and daily balance of power , to decide if Nordic Mining ASA will be following its current price movements.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Nordic Mining ASA are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. Despite quite conflicting primary indicators, Nordic Mining may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
| Begin Period Cash Flow | 42.2 M | |
| Total Cashflows From Investing Activities | -25.9 M |
Nordic |
Nordic Mining Relative Risk vs. Return Landscape
If you would invest 2,330 in Nordic Mining ASA on August 28, 2024 and sell it today you would earn a total of 242.00 from holding Nordic Mining ASA or generate 10.39% return on investment over 90 days. Nordic Mining ASA is generating 0.1743% of daily returns assuming 2.1203% volatility of returns over the 90 days investment horizon. Simply put, 18% of all stocks have less volatile historical return distribution than Nordic Mining, and 97% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Nordic Mining Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordic Mining's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Nordic Mining ASA, and traders can use it to determine the average amount a Nordic Mining'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 = 0.0822
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Estimated Market Risk
| 2.12 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.17 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Nordic Mining is performing at about 6% 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 Mining by adding it to a well-diversified portfolio.
Nordic Mining Fundamentals Growth
Nordic Stock prices reflect investors' perceptions of the future prospects and financial health of Nordic Mining, and Nordic Mining fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Nordic Stock performance.
| Return On Equity | 0.58 | |||
| Return On Asset | -0.0324 | |||
| Current Valuation | 79.29 M | |||
| Shares Outstanding | 232.32 M | |||
| Price To Earning | 11.17 X | |||
| Price To Book | 0.93 X | |||
| Price To Sales | 4,907 X | |||
| EBITDA | 5.54 M | |||
| Cash And Equivalents | 32.09 M | |||
| Cash Per Share | 0.27 X | |||
| Total Debt | 113 K | |||
| Debt To Equity | 0.10 % | |||
| Book Value Per Share | 1.96 X | |||
| Cash Flow From Operations | (59.97 M) | |||
| Earnings Per Share | 0.80 X | |||
| Total Asset | 255.29 M | |||
| Retained Earnings | (277 M) | |||
| Current Asset | 19 M | |||
| Current Liabilities | 8 M | |||
About Nordic Mining Performance
By examining Nordic Mining's fundamental ratios, stakeholders can obtain critical insights into Nordic Mining's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Nordic Mining is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Nordic Mining ASA, together with its subsidiaries, engages in the exploration, extraction, and production of industrial minerals and metals in Norway and internationally. Nordic Mining ASA was founded in 2006 and is based in Oslo, Norway. NORDIC MINING operates under Industrial Metals Minerals classification in Norway and is traded on Oslo Stock Exchange. It employs 7 people.Things to note about Nordic Mining ASA performance evaluation
Checking the ongoing alerts about Nordic Mining for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Nordic Mining ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Nordic Mining ASA has accumulated about 32.09 M in cash with (59.97 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.27. | |
| Roughly 15.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing Nordic Mining'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 Nordic Mining's stock is overvalued or undervalued compared to its peers.
- Examining Nordic Mining'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 Nordic Mining's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nordic Mining's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Nordic Mining's stock. These opinions can provide insight into Nordic Mining's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Nordic Stock
Nordic Mining 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 Mining security.