NORDHEALTH (Germany) Performance
| 6E5 Stock | 2.88 0.04 1.41% |
On a scale of 0 to 100, NORDHEALTH holds a performance score of 15. The company secures a Beta (Market Risk) of -0.0443, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NORDHEALTH are expected to decrease at a much lower rate. During the bear market, NORDHEALTH is likely to outperform the market. Please check NORDHEALTH's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether NORDHEALTH's current price movements will revert.
Risk-Adjusted Performance
15 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in NORDHEALTH AS NK are ranked lower than 15 (%) of all global equities and portfolios over the last 90 days. Despite nearly uncertain basic indicators, NORDHEALTH reported solid returns over the last few months and may actually be approaching a breakup point. ...more
NORDHEALTH |
NORDHEALTH Relative Risk vs. Return Landscape
If you would invest 196.00 in NORDHEALTH AS NK on February 28, 2024 and sell it today you would earn a total of 92.00 from holding NORDHEALTH AS NK or generate 46.94% return on investment over 90 days. NORDHEALTH AS NK is currently producing 0.6953% returns and takes up 3.5788% volatility of returns over 90 trading days. Put another way, 31% of traded stocks are less volatile than NORDHEALTH, and 87% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
NORDHEALTH Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NORDHEALTH's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as NORDHEALTH AS NK, and traders can use it to determine the average amount a NORDHEALTH's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1943
| Best Portfolio | Best Equity | |||
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| Small Returns | 6E5 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.58 actual daily | 31 69% of assets are more volatile |
Expected Return
| 0.7 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 15 85% of assets perform better |
Based on monthly moving average NORDHEALTH is performing at about 15% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NORDHEALTH by adding it to a well-diversified portfolio.
Things to note about NORDHEALTH AS NK performance evaluation
Checking the ongoing alerts about NORDHEALTH for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for NORDHEALTH AS NK help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| NORDHEALTH AS NK appears to be risky and price may revert if volatility continues |
- Analyzing NORDHEALTH's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether NORDHEALTH's stock is overvalued or undervalued compared to its peers.
- Examining NORDHEALTH's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating NORDHEALTH's management team can have a significant impact on its success or failure. Reviewing the track record and experience of NORDHEALTH's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of NORDHEALTH's stock. These opinions can provide insight into NORDHEALTH's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for NORDHEALTH Stock analysis
When running NORDHEALTH's price analysis, check to measure NORDHEALTH'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 NORDHEALTH is operating at the current time. Most of NORDHEALTH's value examination focuses on studying past and present price action to predict the probability of NORDHEALTH's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NORDHEALTH's price. Additionally, you may evaluate how the addition of NORDHEALTH to your portfolios can decrease your overall portfolio volatility.
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