Nortech Systems Incorporated Stock Market Value
| NSYS Stock | USD 10.11 0.31 2.98% |
| Symbol | Nortech |
Nortech Systems Price To Book Ratio
Is Electronic Equipment, Instruments & 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 Nortech Systems. If investors know Nortech 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 Nortech Systems 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 (0.77) | Earnings Share 1.57 | Revenue Per Share 49.283 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0348 |
The market value of Nortech Systems is measured differently than its book value, which is the value of Nortech that is recorded on the company's balance sheet. Investors also form their own opinion of Nortech Systems' value that differs from its market value or its book value, called intrinsic value, which is Nortech Systems' 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 Nortech Systems' market value can be influenced by many factors that don't directly affect Nortech Systems' 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 Nortech Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nortech Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nortech Systems' 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.
Nortech Systems '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 Nortech Systems' 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 Nortech Systems.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Nortech Systems on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Nortech Systems Incorporated or generate 0.0% return on investment in Nortech Systems over 30 days. Nortech Systems is related to or competes with Neuropace, Electromed, Orthopediatrics Corp, SurModics, Paragon 28, CVRx, and Orthofix Medical. Nortech Systems Incorporated provides design and manufacturing solutions for electromedical devices, electromechanical s... More
Nortech Systems 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 Nortech Systems' 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 Nortech Systems Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (4.63) | |||
| Potential Upside | 5.13 |
Nortech Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nortech Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nortech Systems' standard deviation. In reality, there are many statistical measures that can use Nortech Systems historical prices to predict the future Nortech Systems' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | (0.56) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nortech Systems' 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.
Nortech Systems Backtested Returns
Nortech Systems has Sharpe Ratio of -0.0933, which conveys that the firm had a -0.0933% return per unit of risk over the last 3 months. Nortech Systems exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nortech Systems' Mean Deviation of 2.13, standard deviation of 3.03, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.55, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nortech Systems' returns are expected to increase less than the market. However, during the bear market, the loss of holding Nortech Systems is expected to be smaller as well. At this point, Nortech Systems has a negative expected return of -0.29%. Please make sure to verify Nortech Systems' maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Nortech Systems performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.56 |
Good reverse predictability
Nortech Systems Incorporated has good reverse predictability. Overlapping area represents the amount of predictability between Nortech Systems time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Nortech Systems price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Nortech Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Nortech Systems lagged returns against current returns
Autocorrelation, which is Nortech Systems 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 Nortech Systems' stock expected returns. We can calculate the autocorrelation of Nortech Systems returns to help us make a trade decision. For example, suppose you find that Nortech Systems 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 |
Nortech Systems 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 Nortech Systems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nortech Systems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nortech Systems stock over time.
Current vs Lagged Prices |
| Timeline |
Nortech Systems Lagged Returns
When evaluating Nortech Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nortech Systems stock have on its future price. Nortech Systems 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, Nortech Systems autocorrelation shows the relationship between Nortech Systems stock current value and its past values and can show if there is a momentum factor associated with investing in Nortech Systems Incorporated.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Nortech Stock Analysis
When running Nortech Systems' price analysis, check to measure Nortech Systems' 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 Nortech Systems is operating at the current time. Most of Nortech Systems' value examination focuses on studying past and present price action to predict the probability of Nortech Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nortech Systems' price. Additionally, you may evaluate how the addition of Nortech Systems to your portfolios can decrease your overall portfolio volatility.