NORDIC MINING (Germany) Today
| 7NM Stock | EUR 1.77 0.03 1.72% |
Performance12 of 100
| Odds Of DistressOver 53
|
NORDIC MINING is trading at 1.77 as of the 7th of May 2024. This is a 1.72 percent increase since the beginning of the trading day. The stock's lowest day price was 1.74. NORDIC MINING has 53 percent odds of going through some form of financial distress in the next two years but had a very good returns during the last 90 days. Equity ratings for NORDIC MINING ASA are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of April 2024 and ending today, the 7th of May 2024. Click here to learn more.
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 Other Industrial Metals Mining classification in Germany and is traded on Frankfurt Stock Exchange.. The company has 232.32 M outstanding shares. More on NORDIC MINING ASA
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Moving against NORDIC Stock
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| 0.47 | DBPD | Xtrackers ShortDAX | PairCorr |
Follow Valuation Odds of Bankruptcy
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NORDIC Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. NORDIC MINING's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding NORDIC MINING or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Other Industrial Metals & Mining, Basic Materials (View all Sectors) |
NORDIC MINING ASA (7NM) is traded on Frankfurt Exchange in Germany . The company currently falls under 'Micro-Cap' category with a current market capitalization of 51.34 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. NORDIC MINING ASA classifies itself under Basic Materials sector and is part of Other Industrial Metals & Mining industry. The entity has 232.32 M outstanding shares.
NORDIC MINING ASA has accumulated about 42.22 M in cash with (41.76 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.21.
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Ownership AllocationNORDIC MINING ASA maintains a total of 232.32 Million outstanding shares. NORDIC MINING ASA secures 14.56 % of its outstanding shares held by insiders and 0.0 % owned by institutional investors. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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NORDIC Stock Price Odds Analysis
In reference to a normal probability distribution, the odds of NORDIC MINING jumping above the current price in 90 days from now is under 4%. The NORDIC MINING ASA probability density function shows the probability of NORDIC MINING stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon NORDIC MINING has a beta of 0.4505. This suggests as returns on the market go up, NORDIC MINING average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NORDIC MINING ASA will be expected to be much smaller as well. Additionally, nORDIC MINING ASA has an alpha of 0.4822, implying that it can generate a 0.48 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of NORDIC MINING to move above the current price in 90 days from now is under 4 (This NORDIC MINING ASA probability density function shows the probability of NORDIC Stock to fall within a particular range of prices over 90 days) .
NORDIC MINING ASA Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. NORDIC MINING market risk premium is the additional return an investor will receive from holding NORDIC MINING long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in NORDIC MINING. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although NORDIC MINING's alpha and beta are two of the key measurements used to evaluate NORDIC MINING's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 2.76 | |||
| Semi Deviation | 2.8 | |||
| Standard Deviation | 3.97 | |||
| Variance | 15.77 |
NORDIC Stock Against Markets
Picking the right benchmark for NORDIC MINING stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in NORDIC MINING stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for NORDIC MINING is critical whether you are bullish or bearish towards NORDIC MINING ASA at a given time. Please also check how NORDIC MINING's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in NORDIC MINING without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy NORDIC Stock?
Before investing in NORDIC MINING, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in NORDIC MINING. To buy NORDIC MINING stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of NORDIC MINING. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase NORDIC MINING stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located NORDIC MINING ASA stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased NORDIC MINING ASA stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as NORDIC MINING ASA, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in NORDIC MINING ASA?
The danger of trading NORDIC MINING ASA is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of NORDIC MINING is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than NORDIC MINING. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile NORDIC MINING ASA is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities 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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for NORDIC Stock analysis
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.
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