Nortech Systems Incorporated Stock Market Value

NSYS Stock  USD 11.20  0.08  0.71%   
Nortech Systems' market value is the price at which a share of Nortech Systems trades on a public exchange. It measures the collective expectations of Nortech Systems Incorporated investors about its performance. Nortech Systems is selling for under 11.20 as of the 5th of December 2024; that is 0.71 percent decrease since the beginning of the trading day. The stock's lowest day price was 10.94.
With this module, you can estimate the performance of a buy and hold strategy of Nortech Systems Incorporated and determine expected loss or profit from investing in Nortech Systems over a given investment horizon. Check out Nortech Systems Correlation, Nortech Systems Volatility and Nortech Systems Alpha and Beta module to complement your research on Nortech Systems.
Symbol

Nortech Systems Price To Book Ratio

Is Electronic Equipment, Instruments & Components 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 Nortech Systems. If investors know Nortech 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 Nortech Systems 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
(0.77)
Earnings Share
1.57
Revenue Per Share
49.283
Quarterly Revenue Growth
(0.06)
Return On Assets
0.0348
The market value of Nortech Systems is measured differently than its book value, which is the value of Nortech that is recorded on the company's balance sheet. Investors also form their own opinion of Nortech Systems' value that differs from its market value or its book value, called intrinsic value, which is Nortech Systems' 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 Nortech Systems' market value can be influenced by many factors that don't directly affect Nortech Systems' 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 Nortech Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nortech Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nortech Systems' 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.

Nortech Systems '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 Nortech Systems' 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 Nortech Systems.
0.00
11/05/2024
No Change 0.00  0.0 
In 31 days
12/05/2024
0.00
If you would invest  0.00  in Nortech Systems on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Nortech Systems Incorporated or generate 0.0% return on investment in Nortech Systems over 30 days. Nortech Systems is related to or competes with Neuropace, Electromed, Orthopediatrics Corp, SurModics, Paragon 28, CVRx, and Orthofix Medical. Nortech Systems Incorporated provides design and manufacturing solutions for electromedical devices, electromechanical s... More

Nortech Systems 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 Nortech Systems' 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 Nortech Systems Incorporated upside and downside potential and time the market with a certain degree of confidence.

Nortech Systems Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nortech Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nortech Systems' standard deviation. In reality, there are many statistical measures that can use Nortech Systems historical prices to predict the future Nortech Systems' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nortech Systems' 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.
Hype
Prediction
LowEstimatedHigh
7.7511.1814.61
Details
Intrinsic
Valuation
LowRealHigh
7.8511.2814.71
Details
Naive
Forecast
LowNextHigh
8.8312.2515.68
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.4510.9611.46
Details

Nortech Systems Backtested Returns

Nortech Systems has Sharpe Ratio of -0.0045, which conveys that the firm had a -0.0045% return per unit of risk over the last 3 months. Nortech Systems exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nortech Systems' Risk Adjusted Performance of 0.0021, mean deviation of 2.31, and Standard Deviation of 3.38 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.6, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nortech Systems' returns are expected to increase less than the market. However, during the bear market, the loss of holding Nortech Systems is expected to be smaller as well. At this point, Nortech Systems has a negative expected return of -0.0155%. Please make sure to verify Nortech Systems' maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Nortech Systems performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.58  

Good reverse predictability

Nortech Systems Incorporated has good reverse predictability. Overlapping area represents the amount of predictability between Nortech Systems time series from 5th of November 2024 to 20th of November 2024 and 20th of November 2024 to 5th 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 Nortech Systems price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Nortech Systems price fluctuation can be explain by its past prices.
Correlation Coefficient-0.58
Spearman Rank Test-0.25
Residual Average0.0
Price Variance0.28

Nortech Systems lagged returns against current returns

Autocorrelation, which is Nortech Systems 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 Nortech Systems' stock expected returns. We can calculate the autocorrelation of Nortech Systems returns to help us make a trade decision. For example, suppose you find that Nortech Systems 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  

Nortech Systems 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 Nortech Systems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nortech Systems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nortech Systems stock over time.
   Current vs Lagged Prices   
       Timeline  

Nortech Systems Lagged Returns

When evaluating Nortech Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nortech Systems stock have on its future price. Nortech Systems 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, Nortech Systems autocorrelation shows the relationship between Nortech Systems stock current value and its past values and can show if there is a momentum factor associated with investing in Nortech Systems Incorporated.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

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Additional Tools for Nortech Stock Analysis

When running Nortech Systems' price analysis, check to measure Nortech Systems' 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 Nortech Systems is operating at the current time. Most of Nortech Systems' value examination focuses on studying past and present price action to predict the probability of Nortech Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nortech Systems' price. Additionally, you may evaluate how the addition of Nortech Systems to your portfolios can decrease your overall portfolio volatility.