NORDSTROM (Germany) Market Value
| NRD Stock | EUR 21.23 0.03 0.14% |
| Symbol | NORDSTROM |
NORDSTROM '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 NORDSTROM'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 NORDSTROM.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in NORDSTROM on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding NORDSTROM Dusseldorf or generate 0.0% return on investment in NORDSTROM over 360 days. NORDSTROM is related to or competes with Apple, Apple, Apple, Apple, Apple, Apple, and Microsoft. More
NORDSTROM 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 NORDSTROM'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 NORDSTROM Dusseldorf upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.46 | |||
| Information Ratio | 0.0058 | |||
| Maximum Drawdown | 14.36 | |||
| Value At Risk | (3.13) | |||
| Potential Upside | 2.96 |
NORDSTROM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NORDSTROM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NORDSTROM's standard deviation. In reality, there are many statistical measures that can use NORDSTROM historical prices to predict the future NORDSTROM's volatility.| Risk Adjusted Performance | 0.0601 | |||
| Jensen Alpha | 0.1042 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.005 | |||
| Treynor Ratio | 0.4997 |
NORDSTROM Dusseldorf Backtested Returns
Currently, NORDSTROM Dusseldorf is not too volatile. NORDSTROM Dusseldorf has Sharpe Ratio of 0.0589, which conveys that the firm had a 0.0589% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for NORDSTROM, which you can use to evaluate the volatility of the firm. Please verify NORDSTROM's Market Risk Adjusted Performance of 0.5097, mean deviation of 1.52, and Risk Adjusted Performance of 0.0601 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. NORDSTROM has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.28, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NORDSTROM's returns are expected to increase less than the market. However, during the bear market, the loss of holding NORDSTROM is expected to be smaller as well. NORDSTROM Dusseldorf currently secures a risk of 2.12%. Please verify NORDSTROM Dusseldorf maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if NORDSTROM Dusseldorf will be following its current price movements.
Auto-correlation | 0.37 |
Below average predictability
NORDSTROM Dusseldorf has below average predictability. Overlapping area represents the amount of predictability between NORDSTROM time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 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 NORDSTROM Dusseldorf price movement. The serial correlation of 0.37 indicates that just about 37.0% of current NORDSTROM price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.62 |
NORDSTROM Dusseldorf lagged returns against current returns
Autocorrelation, which is NORDSTROM 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 NORDSTROM's stock expected returns. We can calculate the autocorrelation of NORDSTROM returns to help us make a trade decision. For example, suppose you find that NORDSTROM 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 |
NORDSTROM 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 NORDSTROM stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NORDSTROM stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NORDSTROM stock over time.
Current vs Lagged Prices |
| Timeline |
NORDSTROM Lagged Returns
When evaluating NORDSTROM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NORDSTROM stock have on its future price. NORDSTROM 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, NORDSTROM autocorrelation shows the relationship between NORDSTROM stock current value and its past values and can show if there is a momentum factor associated with investing in NORDSTROM Dusseldorf.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for NORDSTROM Stock Analysis
When running NORDSTROM's price analysis, check to measure NORDSTROM'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 NORDSTROM is operating at the current time. Most of NORDSTROM's value examination focuses on studying past and present price action to predict the probability of NORDSTROM's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NORDSTROM's price. Additionally, you may evaluate how the addition of NORDSTROM to your portfolios can decrease your overall portfolio volatility.