Nomad Foods Stock Market Value
| NOMD Stock | USD 18.09 0.13 0.72% |
| Symbol | Nomad |
Nomad Foods Price To Book Ratio
Is Packaged Foods & Meats 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 Nomad Foods. If investors know Nomad 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 Nomad Foods 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 0.536 | Earnings Share 1.3 | Revenue Per Share 18.544 | Quarterly Revenue Growth 0.011 | Return On Assets 0.0392 |
The market value of Nomad Foods is measured differently than its book value, which is the value of Nomad that is recorded on the company's balance sheet. Investors also form their own opinion of Nomad Foods' value that differs from its market value or its book value, called intrinsic value, which is Nomad Foods' 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 Nomad Foods' market value can be influenced by many factors that don't directly affect Nomad Foods' 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 Nomad Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nomad Foods is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nomad Foods' 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.
Nomad Foods '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 Nomad Foods' 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 Nomad Foods.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Nomad Foods on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Nomad Foods or generate 0.0% return on investment in Nomad Foods over 60 days. Nomad Foods is related to or competes with Lancaster Colony, Treehouse Foods, John B, Seneca Foods, Seneca Foods, Bellring Brands, and Pilgrims Pride. Nomad Foods Limited manufactures, markets, and distributes frozen food products in the United Kingdom, Italy, Germany, F... More
Nomad Foods 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 Nomad Foods' 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 Nomad Foods upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 5.91 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 1.86 |
Nomad Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nomad Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nomad Foods' standard deviation. In reality, there are many statistical measures that can use Nomad Foods historical prices to predict the future Nomad Foods' volatility.| Risk Adjusted Performance | 4.0E-4 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.16) |
Nomad Foods Backtested Returns
Nomad Foods has Sharpe Ratio of -0.0375, which conveys that the firm had a -0.0375% return per unit of risk over the last 3 months. Nomad Foods exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nomad Foods' Risk Adjusted Performance of 4.0E-4, standard deviation of 1.47, and Mean Deviation of 1.13 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nomad Foods' returns are expected to increase less than the market. However, during the bear market, the loss of holding Nomad Foods is expected to be smaller as well. At this point, Nomad Foods has a negative expected return of -0.0554%. Please make sure to verify Nomad Foods' potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Nomad Foods performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.03 |
Virtually no predictability
Nomad Foods has virtually no predictability. Overlapping area represents the amount of predictability between Nomad Foods time series from 30th of September 2024 to 30th of October 2024 and 30th of October 2024 to 29th 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 Nomad Foods price movement. The serial correlation of 0.03 indicates that only 3.0% of current Nomad Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Nomad Foods lagged returns against current returns
Autocorrelation, which is Nomad Foods 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 Nomad Foods' stock expected returns. We can calculate the autocorrelation of Nomad Foods returns to help us make a trade decision. For example, suppose you find that Nomad Foods 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 |
Nomad Foods 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 Nomad Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nomad Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nomad Foods stock over time.
Current vs Lagged Prices |
| Timeline |
Nomad Foods Lagged Returns
When evaluating Nomad Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nomad Foods stock have on its future price. Nomad Foods 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, Nomad Foods autocorrelation shows the relationship between Nomad Foods stock current value and its past values and can show if there is a momentum factor associated with investing in Nomad Foods.
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.When determining whether Nomad Foods is a strong investment it is important to analyze Nomad Foods' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nomad Foods' future performance. For an informed investment choice regarding Nomad Stock, refer to the following important reports:Check out Nomad Foods Correlation, Nomad Foods Volatility and Nomad Foods Alpha and Beta module to complement your research on Nomad Foods. For information on how to trade Nomad Stock refer to our How to Trade Nomad Stock guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Nomad Foods 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.