Nordic Stock Performance

NAT
 Stock
  

USD 3.04  0.21  6.46%   

On a scale of 0 to 100, Nordic American holds a performance score of 10. The company secures a Beta (Market Risk) of 0.6578, 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. We have found twenty-seven technical indicators for Nordic American, which you can use to evaluate the performance of the firm. Please exercises Nordic American Tanker potential upside, as well as the relationship between the kurtosis and day typical price to make a quick decision on whether Nordic American Tanker current price movements will revert.
  
Nordic Performance
10 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Nordic American Tanker are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively sluggish basic indicators, Nordic American unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more

Nordic Price Channel

Quick Ratio0.63
Fifty Two Week Low1.4000
Fifty Two Week High3.5300
Trailing Annual Dividend Yield12.86%

Nordic American Relative Risk vs. Return Landscape

If you would invest  223.00  in Nordic American Tanker on June 27, 2022 and sell it today you would earn a total of  81.00  from holding Nordic American Tanker or generate 36.32% return on investment over 90 days. Nordic American Tanker is generating 0.5677% of daily returns assuming volatility of 4.2918% on return distribution over 90 days investment horizon. In other words, 37% of stocks are less volatile than Nordic, and above 89% of all equities are expected to generate higher returns over the next 90 days.
  Daily Expected Return (%)  
       Risk (%)  
Considering the 90-day investment horizon Nordic American is expected to generate 3.91 times more return on investment than the market. However, the company is 3.91 times more volatile than its market benchmark. It trades about 0.13 of its potential returns per unit of risk. The DOW is currently generating roughly -0.08 per unit of risk.

Nordic American Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nordic American's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Nordic American Tanker, and traders can use it to determine the average amount a Nordic American'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 = 0.1323

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Estimated Market Risk
 4.29
  actual daily
 
 37 %
of total potential
 
3737
Expected Return
 0.57
  actual daily
 
 11 %
of total potential
 
1111
Risk-Adjusted Return
 0.13
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 10 %
of total potential
 
1010
Based on monthly moving average Nordic American is performing at about 10% 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 Nordic American by adding it to a well-diversified portfolio.

About Nordic American Performance

To evaluate Nordic American Tanker Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Nordic American generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Nordic Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Nordic American Tanker market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Nordic's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. The company was incorporated in 1995 and is based in Hamilton, Bermuda. Nordic American operates under Marine Shipping classification in the United States and is traded on New York Stock Exchange. It employs 19 people.

Things to note about Nordic American Tanker

Checking the ongoing alerts about Nordic American for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Nordic American Tanker help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Nordic American Alerts

Equity Alerts and Improvement Suggestions

Nordic American appears to be risky and price may revert if volatility continues
The company reported the last year's revenue of 187.78 M. Reported Net Loss for the year was (173.28 M) with loss before taxes, overhead, and interest of (4.86 M).
Nordic American Tanker has about 37.13 M in cash with (38.44 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.18.
Latest headline from www.tradewindsnews.com: Significant upswing Nordic American fixes suezmax for a year - TradeWinds
Additionally, see Correlation Analysis. Note that the Nordic American Tanker 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 Transaction History module to view history of all your transactions and understand their impact on performance.

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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.
The market value of Nordic American Tanker 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 Nordic American value 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.