Nordic American Tankers Stock Probability of Future Stock Price Finishing Under 2.73
| NAT Stock | USD 2.68 0.01 0.37% |
Nordic |
Nordic American Target Price Odds to finish below 2.73
The tendency of Nordic Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 2.73 after 90 days |
| 2.68 | 90 days | 2.73 | nearly 4.65 |
Based on a normal probability distribution, the odds of Nordic American to stay under $ 2.73 after 90 days from now is nearly 4.65 (This Nordic American Tankers probability density function shows the probability of Nordic Stock to fall within a particular range of prices over 90 days) . Probability of Nordic American Tankers price to stay between its current price of $ 2.68 and $ 2.73 at the end of the 90-day period is about 1.27 .
Considering the 90-day investment horizon Nordic American has a beta of 0.66. This indicates as returns on the market go up, Nordic American average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nordic American Tankers will be expected to be much smaller as well. Additionally Nordic American Tankers has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Nordic American Price Density |
| Price |
Predictive Modules for Nordic American
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nordic American Tankers. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Nordic American Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nordic American is not an exception. The market had few large corrections towards the Nordic American's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Nordic American Tankers, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nordic American within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.44 | |
β | Beta against Dow Jones | 0.66 | |
σ | Overall volatility | 0.34 | |
Ir | Information ratio | -0.24 |
Nordic American Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Nordic American for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nordic American Tankers can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nordic American generated a negative expected return over the last 90 days | |
| On 26th of November 2024 Nordic American paid $ 0.12 per share dividend to its current shareholders | |
| Latest headline from gurufocus.com: Nordic American Tankers Ltd -- Non-Executive Vice Chairman of NAT, Alexander ... |
Nordic American Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Nordic Stock often depends not only on the future outlook of the current and potential Nordic American's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Nordic American's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 208.8 M | |
| Cash And Short Term Investments | 31.1 M |
Nordic American Technical Analysis
Nordic American's future price can be derived by breaking down and analyzing its technical indicators over time. Nordic Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nordic American Tankers. In general, you should focus on analyzing Nordic Stock price patterns and their correlations with different microeconomic environments and drivers.
Nordic American Predictive Forecast Models
Nordic American's time-series forecasting models is one of many Nordic American's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Nordic American's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Nordic American Tankers
Checking the ongoing alerts about Nordic American for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nordic American Tankers help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nordic American generated a negative expected return over the last 90 days | |
| On 26th of November 2024 Nordic American paid $ 0.12 per share dividend to its current shareholders | |
| Latest headline from gurufocus.com: Nordic American Tankers Ltd -- Non-Executive Vice Chairman of NAT, Alexander ... |
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.