Nordstrom (Brazil) Market Value
| J1WN34 Stock | 138.61 0.00 0.00% |
| 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.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Nordstrom on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Nordstrom or generate 0.0% return on investment in Nordstrom over 720 days. Nordstrom is related to or competes with Pet Center, Natura Co, Rede DOr, and Lojas Quero. 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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.65 | |||
| Information Ratio | 0.0579 | |||
| Maximum Drawdown | 16.82 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 0.5489 |
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 | 0.0656 | |||
| Jensen Alpha | 0.1199 | |||
| Total Risk Alpha | 0.0764 | |||
| Sortino Ratio | 0.0396 | |||
| Treynor Ratio | 0.3945 |
Nordstrom Backtested Returns
At this point, Nordstrom is very steady. Nordstrom has Sharpe Ratio of 0.1, which conveys that the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-five technical indicators for Nordstrom, which you can use to evaluate the volatility of the firm. Please verify Nordstrom's Downside Deviation of 2.65, risk adjusted performance of 0.0656, and Mean Deviation of 0.6672 to check out if the risk estimate we provide is consistent with the expected return of 0.19%. Nordstrom has a performance score of 7 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.32, which conveys possible diversification benefits within a given portfolio. 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 right now secures a risk of 1.83%. Please verify Nordstrom total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Nordstrom will be following its current price movements.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Nordstrom has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Nordstrom time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd 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 price movement. The serial correlation of -0.71 indicates that around 71.0% of current Nordstrom price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 211.52 |
Nordstrom 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.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in Nordstrom Stock
When determining whether Nordstrom offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nordstrom's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nordstrom Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nordstrom Stock:Check out Nordstrom Correlation, Nordstrom Volatility and Nordstrom Alpha and Beta module to complement your research on Nordstrom. For information on how to trade Nordstrom Stock refer to our How to Trade Nordstrom Stock guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Nordstrom 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.