Nordson Stock Market Value
| NDSN Stock | USD 261.27 4.69 1.83% |
| Symbol | Nordson |
Nordson Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 Nordson. If investors know Nordson 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 Nordson listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.08) | Dividend Share 2.72 | Earnings Share 8.2 | Revenue Per Share 46.641 | Quarterly Revenue Growth 0.02 |
The market value of Nordson is measured differently than its book value, which is the value of Nordson that is recorded on the company's balance sheet. Investors also form their own opinion of Nordson's value that differs from its market value or its book value, called intrinsic value, which is Nordson'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 Nordson's market value can be influenced by many factors that don't directly affect Nordson'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 Nordson's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nordson is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nordson'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.
Nordson '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 Nordson'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 Nordson.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Nordson on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Nordson or generate 0.0% return on investment in Nordson over 30 days. Nordson is related to or competes with Morningstar Unconstrained, High-yield Municipal, Thrivent High, Via Renewables, T Rowe, Jpmorgan Smartretirement*, and 70082LAB3. Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives,... More
Nordson 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 Nordson'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 Nordson upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.01 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 5.77 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 1.83 |
Nordson Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordson's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nordson's standard deviation. In reality, there are many statistical measures that can use Nordson historical prices to predict the future Nordson's volatility.| Risk Adjusted Performance | 0.0313 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0279 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nordson's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nordson Backtested Returns
As of now, Nordson Stock is very steady. Nordson has Sharpe Ratio of 0.0337, which conveys that the firm had a 0.0337% return per unit of risk over the last 3 months. We have found thirty technical indicators for Nordson, which you can use to evaluate the volatility of the firm. Please verify Nordson's Risk Adjusted Performance of 0.0313, downside deviation of 1.01, and Mean Deviation of 0.8544 to check out if the risk estimate we provide is consistent with the expected return of 0.039%. Nordson has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.14, which conveys a somewhat significant risk relative to the market. Nordson returns are very sensitive to returns on the market. As the market goes up or down, Nordson is expected to follow. Nordson right now secures a risk of 1.16%. Please verify Nordson potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Nordson will be following its current price movements.
Auto-correlation | 0.13 |
Insignificant predictability
Nordson has insignificant predictability. Overlapping area represents the amount of predictability between Nordson time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nordson price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Nordson price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 13.33 |
Nordson lagged returns against current returns
Autocorrelation, which is Nordson 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 Nordson's stock expected returns. We can calculate the autocorrelation of Nordson returns to help us make a trade decision. For example, suppose you find that Nordson 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 |
Nordson 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 Nordson stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nordson stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nordson stock over time.
Current vs Lagged Prices |
| Timeline |
Nordson Lagged Returns
When evaluating Nordson's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nordson stock have on its future price. Nordson 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, Nordson autocorrelation shows the relationship between Nordson stock current value and its past values and can show if there is a momentum factor associated with investing in Nordson.
Regressed Prices |
| Timeline |
Pair Trading with Nordson
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nordson position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nordson will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Nordson could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nordson when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nordson - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nordson to buy it.
The correlation of Nordson is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nordson moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nordson moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nordson can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Nordson Correlation, Nordson Volatility and Nordson Alpha and Beta module to complement your research on Nordson. To learn how to invest in Nordson Stock, please use our How to Invest in Nordson guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Nordson 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.