Tage Finninge - New Nordic Chief COO
| NNH Stock | SEK 18.30 0.30 1.67% |
Insider
Tage Finninge is Chief COO of New Nordic Healthbrands
| Phone | 46 40 23 95 20 |
| Web | https://www.newnordic.se |
New Nordic Management Efficiency
New Nordic's management efficiency ratios could be used to measure how well New Nordic manages its routine affairs as well as how well it operates its assets and liabilities.Similar Executives
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Management Performance
| Return On Equity | -0.0316 | |||
| Return On Asset | -0.0058 |
New Nordic Healthbrands Leadership Team
Elected by the shareholders, the New Nordic's board of directors comprises two types of representatives: New Nordic inside directors who are chosen from within the company, and outside directors, selected externally and held independent of New. The board's role is to monitor New Nordic's management team and ensure that shareholders' interests are well served. New Nordic's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, New Nordic's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Tage Finninge, Chief COO | ||
| Marinus Sorensen, CoFounder Chairman | ||
| Ivan Ruscic, Chief Officer | ||
| Claes Libell, Group Relations | ||
| Karl VD, CEO CoFounder |
New Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is New Nordic a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -0.0316 | |||
| Return On Asset | -0.0058 | |||
| Profit Margin | (0.01) % | |||
| Operating Margin | (0) % | |||
| Current Valuation | 221.83 M | |||
| Shares Outstanding | 6.2 M | |||
| Shares Owned By Insiders | 48.28 % | |||
| Price To Earning | 17.52 X | |||
| Price To Book | 1.56 X | |||
| Price To Sales | 0.36 X |
Pair Trading with New Nordic
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if New Nordic position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in New Nordic will appreciate offsetting losses from the drop in the long position's value.Moving against New Stock
| 0.66 | INVE-A | Investor AB ser | PairCorr |
| 0.64 | INVE-B | Investor AB ser | PairCorr |
| 0.6 | ORX | Orexo AB | PairCorr |
| 0.45 | CALTX | Calliditas Therapeutics | PairCorr |
The ability to find closely correlated positions to New Nordic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Nordic when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back New Nordic - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling New Nordic Healthbrands to buy it.
The correlation of New Nordic is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as New Nordic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Nordic Healthbrands moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for New Nordic can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Nordic Healthbrands. 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. Note that the New Nordic Healthbrands information on this page should be used as a complementary analysis to other New Nordic'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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for New Stock analysis
When running New Nordic's price analysis, check to measure New Nordic'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 New Nordic is operating at the current time. Most of New Nordic's value examination focuses on studying past and present price action to predict the probability of New Nordic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Nordic's price. Additionally, you may evaluate how the addition of New Nordic to your portfolios can decrease your overall portfolio volatility.
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