Nordic American Tanker has 322.83 M in debt with debt to equity (D/E) ratio of 0.59, which is OK given its current industry classification. On a scale of 0 to 100, Nordic American holds a performance score of 3. The company secures a Beta (Market Risk) of 0.5395, which conveys possible diversification benefits within a given portfolio. Let's try to break down what Nordic's beta means in this case. As returns on the market increase, Nordic American returns are expected to increase less than the market. However, during the bear market, the loss on holding Nordic American will be expected to be smaller as well. Although it is vital to follow Nordic American Tanker price patterns, it is good to be conservative about what you can do with the information regarding equity historical price patterns. The philosophy towards estimating future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Nordic American Tanker technical indicators, you can presently evaluate if the expected return of 0.28% will be sustainable into the future. Please exercises Nordic American Tanker information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to make a quick decision on whether Nordic American Tanker current price movements will revert.
