Ferronordic (Sweden) Today

FNM Stock  SEK 69.40  2.70  4.05%   

Performance

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Odds Of Distress

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Ferronordic is selling for under 69.40 as of the 28th of March 2024; that is 4.05 percent up since the beginning of the trading day. The stock's last reported lowest price was 66.4. Ferronordic has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Ferronordic AB are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Ferronordic AB sells, rents, and services construction equipment and other machines in Russia and Kazakhstan. The company was founded in 2010 and is based in Stockholm, Sweden. Ferronordic is traded on Stockholm Stock Exchange in Sweden. The company has 14.53 M outstanding shares. More on Ferronordic AB

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Ferronordic 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. Ferronordic's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ferronordic or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Business ConcentrationIndustrial Distribution, Industrials (View all Sectors)
Ferronordic AB (FNM) is traded on Stockholm Exchange in Sweden and employs 1,840 people. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.23 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Ferronordic's market, we take the total number of its shares issued and multiply it by Ferronordic'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. Ferronordic AB operates under Industrials sector and is part of Industrial Distribution industry. The entity has 14.53 M outstanding shares. Ferronordic AB has accumulated about 401.85 M in cash with 457 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 27.65.
Check Ferronordic Probability Of Bankruptcy
Ownership Allocation
Ferronordic AB retains a total of 14.53 Million outstanding shares. Ferronordic AB retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Ferronordic Ownership Details

Ferronordic Stock Price Odds Analysis

Attributed to a normal probability distribution, the odds of Ferronordic jumping above the current price in 90 days from now is about 49.54%. The Ferronordic AB probability density function shows the probability of Ferronordic stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Ferronordic AB has a beta of -0.0681. This usually indicates as returns on benchmark increase, returns on holding Ferronordic are expected to decrease at a much lower rate. During the bear market, however, Ferronordic AB is likely to outperform the market. Additionally, ferronordic AB has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 69.4HorizonTargetOdds Above 69.4
50.25%90 days
 69.40 
49.54%
Based on a normal probability distribution, the odds of Ferronordic to move above the current price in 90 days from now is about 49.54 (This Ferronordic AB probability density function shows the probability of Ferronordic Stock to fall within a particular range of prices over 90 days) .

Ferronordic AB Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Ferronordic market risk premium is the additional return an investor will receive from holding Ferronordic 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 Ferronordic. 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 Ferronordic's alpha and beta are two of the key measurements used to evaluate Ferronordic's performance over the market, the standard measures of volatility play an important role as well.

Ferronordic Stock Against Markets

Picking the right benchmark for Ferronordic 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 Ferronordic 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 Ferronordic is critical whether you are bullish or bearish towards Ferronordic AB at a given time. Please also check how Ferronordic'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 Ferronordic 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.

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Ferronordic Corporate Management

Elected by the shareholders, the Ferronordic's board of directors comprises two types of representatives: Ferronordic inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ferronordic. The board's role is to monitor Ferronordic's management team and ensure that shareholders' interests are well served. Ferronordic'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, Ferronordic's outside directors are responsible for providing unbiased perspectives on the board's policies.

How to buy Ferronordic Stock?

Before investing in Ferronordic, 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 Ferronordic. To buy Ferronordic stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Ferronordic. 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 Ferronordic stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Ferronordic AB 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 Ferronordic AB 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 Ferronordic AB, 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 Ferronordic AB?

The danger of trading Ferronordic AB 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 Ferronordic 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 Ferronordic. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ferronordic AB 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ferronordic AB. 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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Complementary Tools for Ferronordic Stock analysis

When running Ferronordic's price analysis, check to measure Ferronordic'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 Ferronordic is operating at the current time. Most of Ferronordic's value examination focuses on studying past and present price action to predict the probability of Ferronordic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ferronordic's price. Additionally, you may evaluate how the addition of Ferronordic to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Ferronordic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ferronordic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ferronordic'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.