Nordic American Tankers Stock Market Value
| NAT Stock | USD 2.70 0.05 1.82% |
| Symbol | Nordic |
Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nordic American. If investors know Nordic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nordic American listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Nordic American Tankers is measured differently than its book value, which is the value of Nordic that is recorded on the company's balance sheet. Investors also form their own opinion of Nordic American's value that differs from its market value or its book value, called intrinsic value, which is Nordic American's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nordic American's market value can be influenced by many factors that don't directly affect Nordic American's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nordic American's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nordic American is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nordic American's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Nordic American 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Nordic American's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Nordic American.
| 01/03/2025 |
| 02/02/2025 |
If you would invest 0.00 in Nordic American on January 3, 2025 and sell it all today you would earn a total of 0.00 from holding Nordic American Tankers or generate 0.0% return on investment in Nordic American over 30 days. Nordic American is related to or competes with Genco Shipping, Golden Ocean, Star Bulk, Oceanpal, Danaos, Costamare, and Global Ship. Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationa... More
Nordic American Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Nordic American's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Nordic American Tankers upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 12.17 | |||
| Value At Risk | (3.28) | |||
| Potential Upside | 4.3 |
Nordic American Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordic American's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nordic American's standard deviation. In reality, there are many statistical measures that can use Nordic American historical prices to predict the future Nordic American's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | 2.72 |
Nordic American Tankers Backtested Returns
Nordic American Tankers has Sharpe Ratio of -0.0777, which conveys that the firm had a -0.0777 % return per unit of risk over the last 3 months. Nordic American exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nordic American's Risk Adjusted Performance of (0.06), standard deviation of 2.46, and Mean Deviation of 1.81 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0741, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nordic American are expected to decrease at a much lower rate. During the bear market, Nordic American is likely to outperform the market. At this point, Nordic American Tankers has a negative expected return of -0.19%. Please make sure to verify Nordic American's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Nordic American Tankers performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Nordic American Tankers has below average predictability. Overlapping area represents the amount of predictability between Nordic American time series from 3rd of January 2025 to 18th of January 2025 and 18th of January 2025 to 2nd of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nordic American Tankers price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Nordic American price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nordic American Tankers lagged returns against current returns
Autocorrelation, which is Nordic American stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Nordic American's stock expected returns. We can calculate the autocorrelation of Nordic American returns to help us make a trade decision. For example, suppose you find that Nordic American has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Nordic American regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Nordic American stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nordic American stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nordic American stock over time.
Current vs Lagged Prices |
| Timeline |
Nordic American Lagged Returns
When evaluating Nordic American's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nordic American stock have on its future price. Nordic American autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Nordic American autocorrelation shows the relationship between Nordic American stock current value and its past values and can show if there is a momentum factor associated with investing in Nordic American Tankers.
Regressed Prices |
| Timeline |
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Additional Tools for Nordic Stock Analysis
When running Nordic American's price analysis, check to measure Nordic American'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 American is operating at the current time. Most of Nordic American's value examination focuses on studying past and present price action to predict the probability of Nordic American'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 American's price. Additionally, you may evaluate how the addition of Nordic American to your portfolios can decrease your overall portfolio volatility.