Nordic Iron (Sweden) Probability of Future Stock Price Finishing Over 8.35
| NIO Stock | SEK 4.48 0.10 2.18% |
Nordic |
Nordic Iron Target Price Odds to finish over 8.35
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 move over kr 8.35 or more in 90 days |
| 4.48 | 90 days | 8.35 | near 1 |
Based on a normal probability distribution, the odds of Nordic Iron to move over kr 8.35 or more in 90 days from now is near 1 (This Nordic Iron Ore probability density function shows the probability of Nordic Stock to fall within a particular range of prices over 90 days) . Probability of Nordic Iron Ore price to stay between its current price of kr 4.48 and kr 8.35 at the end of the 90-day period is about 56.9 .
Assuming the 90 days trading horizon Nordic Iron has a beta of 0.0444. This indicates as returns on the market go up, Nordic Iron average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nordic Iron Ore will be expected to be much smaller as well. Additionally Nordic Iron Ore has an alpha of 0.1842, implying that it can generate a 0.18 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Nordic Iron Price Density |
| Price |
Predictive Modules for Nordic Iron
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 Iron Ore. 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 Iron Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nordic Iron is not an exception. The market had few large corrections towards the Nordic Iron'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 Iron Ore, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nordic Iron within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.18 | |
β | Beta against Dow Jones | 0.04 | |
σ | Overall volatility | 0.46 | |
Ir | Information ratio | 0.02 |
Nordic Iron 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 Iron for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nordic Iron Ore 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 Iron Ore had very high historical volatility over the last 90 days | |
| Nordic Iron Ore has accumulated 2.1 M in total debt with debt to equity ratio (D/E) of 8.1, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Nordic Iron Ore has a current ratio of 0.75, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Nordic Iron until it has trouble settling it off, either with new capital or with free cash flow. So, Nordic Iron's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Nordic Iron Ore sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Nordic to invest in growth at high rates of return. When we think about Nordic Iron's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (8.84 M) with profit before overhead, payroll, taxes, and interest of 120.6 K. | |
| Nordic Iron Ore has accumulated about 2.81 M in cash with (9.11 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.19. | |
| Roughly 54.0% of Nordic Iron outstanding shares are owned by corporate insiders |
Nordic Iron 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 Iron'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 Iron's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 30.9 M | |
| Cash And Short Term Investments | 2.8 M |
Nordic Iron Technical Analysis
Nordic Iron'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 Iron Ore. In general, you should focus on analyzing Nordic Stock price patterns and their correlations with different microeconomic environments and drivers.
Nordic Iron Predictive Forecast Models
Nordic Iron's time-series forecasting models is one of many Nordic Iron'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 Iron'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 Iron Ore
Checking the ongoing alerts about Nordic Iron for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nordic Iron Ore help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nordic Iron Ore had very high historical volatility over the last 90 days | |
| Nordic Iron Ore has accumulated 2.1 M in total debt with debt to equity ratio (D/E) of 8.1, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Nordic Iron Ore has a current ratio of 0.75, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Nordic Iron until it has trouble settling it off, either with new capital or with free cash flow. So, Nordic Iron's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Nordic Iron Ore sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Nordic to invest in growth at high rates of return. When we think about Nordic Iron's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (8.84 M) with profit before overhead, payroll, taxes, and interest of 120.6 K. | |
| Nordic Iron Ore has accumulated about 2.81 M in cash with (9.11 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.19. | |
| Roughly 54.0% of Nordic Iron outstanding shares are owned by corporate insiders |
Additional Tools for Nordic Stock Analysis
When running Nordic Iron's price analysis, check to measure Nordic Iron'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 Iron is operating at the current time. Most of Nordic Iron's value examination focuses on studying past and present price action to predict the probability of Nordic Iron'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 Iron's price. Additionally, you may evaluate how the addition of Nordic Iron to your portfolios can decrease your overall portfolio volatility.