Nordstrom Stock Market Value
| JWN Stock | USD 17.77 1.29 6.77% |
| Symbol | Nordstrom |
Nordstrom Price To Book Ratio
Is Nordstrom'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 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 0.098 | Dividend Share 0.76 | Earnings Share 0.82 | Revenue Per Share 90.81 | Quarterly Revenue Growth 0.023 |
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.
| 03/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in Nordstrom on March 17, 2024 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 30 days. Nordstrom is related to or competes with Marks Spencer, Marks, Dillards Capital, Companhia Brasileira, and PT Mitra. 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 | 3.81 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 20.61 | |||
| Value At Risk | (4.31) | |||
| Potential Upside | 4.28 |
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 | 0.0092 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0) |
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
We consider Nordstrom not too volatile. Nordstrom has Sharpe Ratio of 0.0185, which conveys that the firm had a 0.0185% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nordstrom, which you can use to evaluate the volatility of the firm. Please verify Nordstrom's Downside Deviation of 3.81, mean deviation of 2.47, and Risk Adjusted Performance of 0.0092 to check out if the risk estimate we provide is consistent with the expected return of 0.0668%. Nordstrom has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.97, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nordstrom will likely underperform. Nordstrom right now secures a risk of 3.6%. 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 | -0.52 |
Good reverse predictability
Nordstrom has good reverse predictability. Overlapping area represents the amount of predictability between Nordstrom time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th of April 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 -0.52 indicates that about 52.0% of current Nordstrom price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
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 |
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Try AI Portfolio ArchitectCheck 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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Nordstrom Stock analysis
When running Nordstrom's price analysis, check to measure Nordstrom'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 Nordstrom is operating at the current time. Most of Nordstrom's value examination focuses on studying past and present price action to predict the probability of Nordstrom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nordstrom's price. Additionally, you may evaluate how the addition of Nordstrom to your portfolios can decrease your overall portfolio volatility.
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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.