Nordic American Tankers Stock Probability of Future Stock Price Finishing Under 2.83
| NAT Stock | USD 3.76 0.04 1.05% |
Closest to current price Nordic long CALL Option Payoff at Expiration
Nordic |
Nordic American Target Price Odds to finish below 2.83
The tendency of Nordic Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 2.83 or more in 90 days |
| 3.76 | 90 days | 2.83 | near 1 |
Based on a normal probability distribution, the odds of Nordic American to drop to $ 2.83 or more in 90 days from now is near 1 (This Nordic American Tankers probability density function shows the probability of Nordic Stock to fall within a particular range of prices over 90 days) . Probability of Nordic American Tankers price to stay between $ 2.83 and its current price of $3.76 at the end of the 90-day period is under 4.
Considering the 90-day investment horizon Nordic American has a beta of 0.28. This indicates as returns on the market go up, Nordic American average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nordic American Tankers will be expected to be much smaller as well. Additionally Nordic American Tankers has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Nordic American Price Density |
| Price |
Predictive Modules for Nordic American
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nordic American Tankers. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nordic American'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.
Nordic American Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nordic American is not an exception. The market had few large corrections towards the Nordic American's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Nordic American Tankers, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nordic American within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.23 | |
β | Beta against NYSE Composite | 0.28 | |
σ | Overall volatility | 0.14 | |
Ir | Information ratio | -0.18 |
Nordic American Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Nordic American for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nordic American Tankers can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nordic American generated a negative expected return over the last 90 days | |
| Nordic American is unlikely to experience financial distress in the next 2 years | |
| On 10th of April 2024 Nordic American paid $ 0.12 per share dividend to its current shareholders | |
| Latest headline from news.google.com: 3 Undervalued Penny Dividend Stocks to Buy for 100 percent Returns - InvestorPlace |
Nordic American Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Nordic Stock often depends not only on the future outlook of the current and potential Nordic American's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Nordic American's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 208.8 M | |
| Cash And Short Term Investments | 33.4 M |
Nordic American Technical Analysis
Nordic American's future price can be derived by breaking down and analyzing its technical indicators over time. Nordic Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nordic American Tankers. In general, you should focus on analyzing Nordic Stock price patterns and their correlations with different microeconomic environments and drivers.
Nordic American Predictive Forecast Models
Nordic American's time-series forecasting models is one of many Nordic American's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Nordic American's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Nordic American Tankers
Checking the ongoing alerts about Nordic American for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nordic American Tankers help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nordic American generated a negative expected return over the last 90 days | |
| Nordic American is unlikely to experience financial distress in the next 2 years | |
| On 10th of April 2024 Nordic American paid $ 0.12 per share dividend to its current shareholders | |
| Latest headline from news.google.com: 3 Undervalued Penny Dividend Stocks to Buy for 100 percent Returns - InvestorPlace |
Check out Nordic American Backtesting, Nordic American Valuation, Nordic American Correlation, Nordic American Hype Analysis, Nordic American Volatility, Nordic American History as well as Nordic American Performance. Note that the Nordic American Tankers information on this page should be used as a complementary analysis to other Nordic American's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for Nordic Stock analysis
When running Nordic American's price analysis, check to measure Nordic American'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 Nordic American is operating at the current time. Most of Nordic American's value examination focuses on studying past and present price action to predict the probability of Nordic American's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nordic American's price. Additionally, you may evaluate how the addition of Nordic American to your portfolios can decrease your overall portfolio volatility.
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Is Nordic American's industry 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 Nordic American. If investors know Nordic 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 Nordic American 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 (0.50) | Dividend Share 0.46 | Earnings Share 0.47 | Revenue Per Share 1.256 | Quarterly Revenue Growth (0.76) |
The market value of Nordic American Tankers is measured differently than its book value, which is the value of Nordic that is recorded on the company's balance sheet. Investors also form their own opinion of Nordic American's value that differs from its market value or its book value, called intrinsic value, which is Nordic American'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 Nordic American's market value can be influenced by many factors that don't directly affect Nordic American'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 Nordic American's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nordic American is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nordic American'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.