Nordstrom Stock Market Value
| JWN Stock | USD 22.96 0.03 0.13% |
| Symbol | Nordstrom |
Nordstrom Price To Book Ratio
Is Broadline Retail 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 Nordstrom. If investors know Nordstrom 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 Nordstrom 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 (0.14) | Earnings Share 1.58 | Revenue Per Share 91.863 | Quarterly Revenue Growth 0.032 | Return On Assets 0.0393 |
The market value of Nordstrom is measured differently than its book value, which is the value of Nordstrom that is recorded on the company's balance sheet. Investors also form their own opinion of Nordstrom's value that differs from its market value or its book value, called intrinsic value, which is Nordstrom's 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 Nordstrom's market value can be influenced by many factors that don't directly affect Nordstrom's 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 Nordstrom's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nordstrom is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nordstrom's 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.
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.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Nordstrom on July 20, 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 510 days. Nordstrom is related to or competes with Kohls Corp, Dillards, Marks Spencer, Marks, Macys, and Dillards Capital. Nordstrom, Inc., a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods for women, men, young... 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 | 2.26 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 15.26 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 3.49 |
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 | 0.0383 | |||
| Jensen Alpha | 4.0E-4 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.115 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nordstrom's 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.
Nordstrom Backtested Returns
As of now, Nordstrom Stock is very steady. Nordstrom has Sharpe Ratio of 0.0316, which conveys that the firm had a 0.0316% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nordstrom, which you can use to evaluate the volatility of the firm. Please verify Nordstrom's Downside Deviation of 2.26, risk adjusted performance of 0.0383, and Mean Deviation of 1.5 to check out if the risk estimate we provide is consistent with the expected return of 0.0695%. Nordstrom has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.74, 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 2.2%. Please verify Nordstrom value at risk, as well as the relationship between the skewness and day median price , to decide if Nordstrom will be following its current price movements.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Nordstrom has insignificant reverse predictability. Overlapping area represents the amount of predictability between Nordstrom time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 -0.12 indicates that less than 12.0% of current Nordstrom price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 2.28 |
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 |
Pair Trading with Nordstrom
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nordstrom position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nordstrom will appreciate offsetting losses from the drop in the long position's value.Moving against Nordstrom Stock
| 0.46 | RAY | Raytech Holding | PairCorr |
| 0.32 | YJ | Yunji Inc Earnings Call Tomorrow | PairCorr |
| 0.32 | BGI | Birks Group | PairCorr |
The ability to find closely correlated positions to Nordstrom could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nordstrom when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nordstrom - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nordstrom to buy it.
The correlation of Nordstrom is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nordstrom moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nordstrom moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nordstrom can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Nordstrom Correlation, Nordstrom Volatility and Nordstrom Alpha and Beta module to complement your research on Nordstrom. To learn how to invest in Nordstrom Stock, please use our How to Invest in Nordstrom guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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.