Nordic Mining (Norway) Analysis

Nordic Stock Analysis Notes

About 15.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 0.93. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Nordic Mining ASA had not issued any dividends in recent years. The entity had 20:1 split on the 27th of February 2024. Nordic Mining ASA, together with its subsidiaries, engages in the exploration, extraction, and production of industrial minerals and metals in Norway and internationally. Nordic Mining ASA was founded in 2006 and is based in Oslo, Norway. NORDIC MINING operates under Industrial Metals Minerals classification in Norway and is traded on Oslo Stock Exchange. It employs 7 people. To find out more about Nordic Mining ASA contact the company at 47 22 94 77 90 or learn more at https://www.nordicmining.com.

Nordic Mining ASA Investment Alerts

Nordic Mining Thematic Classifications

Nordic Market Capitalization

The company currently falls under 'Small-Cap' category with a current market capitalization of 513.42 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nordic Mining's market, we take the total number of its shares issued and multiply it by Nordic Mining's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Technical Drivers

As of the 28th of May, Nordic Mining secures the Mean Deviation of 1.69, downside deviation of 1.67, and Risk Adjusted Performance of 0.1686. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nordic Mining ASA, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We have collected data for nineteen technical drivers for Nordic Mining, which can be compared to its peers in the industry. Please verify Nordic Mining ASA maximum drawdown, as well as the relationship between the downside variance and skewness to decide if Nordic Mining ASA is priced some-what accurately, providing market reflects its recent price of 21.9 per share.

Nordic Mining ASA Price Movement Analysis

Nordic Mining Predictive Daily Indicators

Nordic Mining Forecast Models

Nordic Mining's time-series forecasting models are one of many Nordic Mining's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae 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. These non-stationary Nordic Mining'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 market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Nordic Mining prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Nordic shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Nordic Mining. By using and applying Nordic Stock analysis, traders can create a robust methodology for identifying Nordic entry and exit points for their positions.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nordic Mining ASA. 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. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

When running Nordic Mining's price analysis, check to measure Nordic Mining'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 Mining is operating at the current time. Most of Nordic Mining's value examination focuses on studying past and present price action to predict the probability of Nordic Mining'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 Mining's price. Additionally, you may evaluate how the addition of Nordic Mining to your portfolios can decrease your overall portfolio volatility.