Nordic American Value At Risk
| NAT Stock | | | USD 5.54 -0.25 -4.32% |
The Value At Risk reading for Nordic American Tankers is computed from historical trading observations. Indicator reliability depends on the continuity of available trading data. Nordic American has a market cap of 1.23 B, operating margin of 34.77%, current ratio of 1.53.
Correlation Analysis adds portfolio-level perspective. Tracking Nordic American Tankers in a portfolio provides context for performance attribution. All figures are based on reported data and are informational in nature. Broader economic conditions can influence Nordic American Tankers's company valuation — related indicators include
signals in nation.
Nordic American Tankers has current Value At Risk of
-3.57. Value At Risk (or VAR) is a statistical technique used to measure the level of financial risk of investment instrument over a specific time frame. It is a widely used measure of the risk of loss on a specific investing instrument.
Value At Risk | = | ER[a] x N | + | (Z-SCORE x STD x SQRT (N)) |
| = | -3.57 | |
| ER[a] | = | Expected return on investing in Nordic American |
| STD | = | Standard Deviation of Nordic American |
| N | = | Number of points for the period |
| Z-SCORE | = | Number of standard deviations above or below the mean |
Value At Risk Peers Comparison
Value At Risk Relative To Other Indicators
Nordic American Tankers is rated
below average in value at risk relative to competitors. It is currently under evaluation in maximum drawdown relative to competitors .
Value At Risk is used by risk managers in order to measure and control the level of risk which the firm undertakes. The risk manager job is to ensure that risks are not taken beyond the level at which the firm can absorb the losses of a probable worst outcome. VAR can be defined as the loss level that will not be exceeded with a certain confidence level during a certain period of time.
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