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NÜRNBERGER Beteiligungs-AG
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PenkeI guess you are interested in NÜRNBERGER Beteiligungs-AG. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of NÜRNBERGER Beteiligungs-AG. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Quick analysis of NÜRNBERGER Beteiligungs-AG (30 sec.)










What can you expect buying and holding a share of NÜRNBERGER Beteiligungs-AG? (30 sec.)

How much money do you get?

How much money do you get?
€14.37
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
€83.71
Expected worth in 1 year
€94.68
How sure are you?
90.0%

+ What do you gain per year?

Total Gains per Share
€24.26
Return On Investment
36.8%

For what price can you sell your share?

Current Price per Share
€66.00
Expected price per share
€63.50 - €67.50
How sure are you?
50%

1. Valuation of NÜRNBERGER Beteiligungs-AG (5 min.)




Live pricePrice per Share (EOD)

€66.00

Intrinsic Value Per Share

€-572.72 - €-155.04

Total Value Per Share

€-489.01 - €-71.33

2. Growth of NÜRNBERGER Beteiligungs-AG (5 min.)




Is NÜRNBERGER Beteiligungs-AG growing?

Current yearPrevious yearGrowGrow %
How rich?$1b$1b$34.1m3.3%

How much money is NÜRNBERGER Beteiligungs-AG making?

Current yearPrevious yearGrowGrow %
Making money$74.7m$68.1m$6.6m8.9%
Net Profit Margin1.7%1.4%--

How much money comes from the company's main activities?

3. Financial Health of NÜRNBERGER Beteiligungs-AG (5 min.)




What can you expect buying and holding a share of NÜRNBERGER Beteiligungs-AG? (5 min.)

Welcome investor! NÜRNBERGER Beteiligungs-AG's management wants to use your money to grow the business. In return you get a share of NÜRNBERGER Beteiligungs-AG.

What can you expect buying and holding a share of NÜRNBERGER Beteiligungs-AG?

First you should know what it really means to hold a share of NÜRNBERGER Beteiligungs-AG. And how you can make/lose money.

Speculation

The Price per Share of NÜRNBERGER Beteiligungs-AG is €66.00. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of NÜRNBERGER Beteiligungs-AG.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in NÜRNBERGER Beteiligungs-AG, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is €83.71. Based on the TTM, the Book Value Change Per Share is €2.74 per quarter. Based on the YOY, the Book Value Change Per Share is €2.26 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is €3.32 per quarter.
Based on historical numbers we can estimate the returns while holding a share of NÜRNBERGER Beteiligungs-AG.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps6.499.8%6.499.8%5.929.0%6.319.6%6.7110.2%
Usd Book Value Change Per Share2.974.5%2.974.5%2.453.7%3.074.6%1.151.7%
Usd Dividend Per Share3.595.4%3.595.4%3.595.4%3.535.3%3.415.2%
Usd Total Gains Per Share6.569.9%6.569.9%6.049.1%6.5910.0%4.566.9%
Usd Price Per Share80.59-80.59-85.45-77.99-74.61-
Price to Earnings Ratio12.41-12.41-14.45-12.47-11.66-
Price-to-Total Gains Ratio12.29-12.29-14.15-11.93-13.27-
Price to Book Ratio0.89-0.89-0.98-0.92-0.92-
Price-to-Total Gains Ratio12.29-12.29-14.15-11.93-13.27-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share71.3922
Number of shares14
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share3.593.53
Usd Book Value Change Per Share2.973.07
Usd Total Gains Per Share6.566.59
Gains per Quarter (14 shares)91.8392.30
Gains per Year (14 shares)367.31369.22
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1201166357197172359
2402332724395343728
360349810915925151097
480566514587906871466
5100683118259878591835
612079972192118510302204
7140811632559138212022573
8160913292926158013742942
9181014953293177715463311
10201216623660197517173680

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%16.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.02.00.080.0%13.03.00.081.3%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%16.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%9.01.00.090.0%14.02.00.087.5%

Fundamentals of NÜRNBERGER Beteiligungs-AG

About NÜRNBERGER Beteiligungs-AG

NÜRNBERGER Beteiligungs-AG operates as an insurance company in Germany. The company offers car, liability, homeowners, household, shell, household glass, housing protection letter, legal expenses, health, long-term care, health, disability, dread disease, accident, basic ability, life, pension, musical instrument, horse transport, sports boat hull, baggage, valuables, event, childcare, supplementary dental, funeral, and glasses and hearing aids insurance; private, professional, dog owner, hunting, home and landowner, and water liability insurance; assistance insurance for civil servants; and financial products. It also provides contents, glass, commercial building, construction, building services, machinery breakdown, electronics, photovoltaic, cyber, intellectual property, company liability, motor vehicle, transport, fleet, multi risk, and exhibition insurance products. The company was founded in 1884 and is based in Nuremberg, Germany.

Fundamental data was last updated by Penke on 2024-03-20 07:32:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of NÜRNBERGER Beteiligungs-AG.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit NÜRNBERGER Beteiligungs-AG earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare NÜRNBERGER Beteiligungs-AG to the Insurance - Diversified industry mean.
  • A Net Profit Margin of 1.7% means that €0.02 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of NÜRNBERGER Beteiligungs-AG:

  • The MRQ is 1.7%. The company is making a profit. +1
  • The TTM is 1.7%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ1.7%TTM1.7%0.0%
TTM1.7%YOY1.4%+0.3%
TTM1.7%5Y1.7%+0.1%
5Y1.7%10Y1.6%+0.1%
1.1.2. Return on Assets

Shows how efficient NÜRNBERGER Beteiligungs-AG is using its assets to generate profit.

  • Above 5% is considered healthy but always compare NÜRNBERGER Beteiligungs-AG to the Insurance - Diversified industry mean.
  • 0.2% Return on Assets means that NÜRNBERGER Beteiligungs-AG generated €0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of NÜRNBERGER Beteiligungs-AG:

  • The MRQ is 0.2%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.2%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.2%TTM0.2%0.0%
TTM0.2%YOY0.2%+0.0%
TTM0.2%5Y0.2%+0.0%
5Y0.2%10Y0.2%0.0%
1.1.3. Return on Equity

Shows how efficient NÜRNBERGER Beteiligungs-AG is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare NÜRNBERGER Beteiligungs-AG to the Insurance - Diversified industry mean.
  • 7.3% Return on Equity means NÜRNBERGER Beteiligungs-AG generated €0.07 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of NÜRNBERGER Beteiligungs-AG:

  • The MRQ is 7.3%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 7.3%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ7.3%TTM7.3%0.0%
TTM7.3%YOY6.9%+0.4%
TTM7.3%5Y7.6%-0.3%
5Y7.6%10Y8.7%-1.1%

1.2. Operating Efficiency of NÜRNBERGER Beteiligungs-AG.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient NÜRNBERGER Beteiligungs-AG is operating .

  • Measures how much profit NÜRNBERGER Beteiligungs-AG makes for each €1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare NÜRNBERGER Beteiligungs-AG to the Insurance - Diversified industry mean.
  • An Operating Margin of 4.7% means the company generated €0.05  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of NÜRNBERGER Beteiligungs-AG:

  • The MRQ is 4.7%. The company is operating less efficient.
  • The TTM is 4.7%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ4.7%TTM4.7%0.0%
TTM4.7%YOY2.8%+2.0%
TTM4.7%5Y3.3%+1.5%
5Y3.3%10Y3.1%+0.2%
1.2.2. Operating Ratio

Measures how efficient NÜRNBERGER Beteiligungs-AG is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Insurance - Diversified industry mean).
  • An Operation Ratio of 0.54 means that the operating costs are €0.54 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of NÜRNBERGER Beteiligungs-AG:

  • The MRQ is 0.545. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.545. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.545TTM0.5450.000
TTM0.545YOY-0.136+0.681
TTM0.5455Y0.448+0.097
5Y0.44810Y0.671-0.222

1.3. Liquidity of NÜRNBERGER Beteiligungs-AG.

1.3. Liquidity
1.3.1. Current Ratio

Measures if NÜRNBERGER Beteiligungs-AG is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Insurance - Diversified industry mean).
  • A Current Ratio of 0.62 means the company has €0.62 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of NÜRNBERGER Beteiligungs-AG:

  • The MRQ is 0.618. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.618. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.618TTM0.6180.000
TTM0.618YOY0.651-0.033
TTM0.6185Y1.533-0.915
5Y1.53310Y131.462-129.929
1.3.2. Quick Ratio

Measures if NÜRNBERGER Beteiligungs-AG is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare NÜRNBERGER Beteiligungs-AG to the Insurance - Diversified industry mean.
  • A Quick Ratio of 0.48 means the company can pay off €0.48 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of NÜRNBERGER Beteiligungs-AG:

  • The MRQ is 0.478. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.478. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.478TTM0.4780.000
TTM0.478YOY0.559-0.081
TTM0.4785Y0.485-0.007
5Y0.48510Y13.126-12.641

1.4. Solvency of NÜRNBERGER Beteiligungs-AG.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of NÜRNBERGER Beteiligungs-AG assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare NÜRNBERGER Beteiligungs-AG to Insurance - Diversified industry mean.
  • A Debt to Asset Ratio of 0.97 means that NÜRNBERGER Beteiligungs-AG assets are financed with 97.1% credit (debt) and the remaining percentage (100% - 97.1%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of NÜRNBERGER Beteiligungs-AG:

  • The MRQ is 0.971. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.971. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.971TTM0.9710.000
TTM0.971YOY0.974-0.003
TTM0.9715Y0.973-0.002
5Y0.97310Y0.972+0.001
1.4.2. Debt to Equity Ratio

Measures if NÜRNBERGER Beteiligungs-AG is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare NÜRNBERGER Beteiligungs-AG to the Insurance - Diversified industry mean.
  • A Debt to Equity ratio of 3,445.1% means that company has €34.45 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of NÜRNBERGER Beteiligungs-AG:

  • The MRQ is 34.451. The company is unable to pay all its debts with equity. -1
  • The TTM is 34.451. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ34.451TTM34.4510.000
TTM34.451YOY38.125-3.674
TTM34.4515Y36.804-2.353
5Y36.80410Y35.933+0.871

2. Market Valuation of NÜRNBERGER Beteiligungs-AG

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every €1 in earnings NÜRNBERGER Beteiligungs-AG generates.

  • Above 15 is considered overpriced but always compare NÜRNBERGER Beteiligungs-AG to the Insurance - Diversified industry mean.
  • A PE ratio of 12.41 means the investor is paying €12.41 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of NÜRNBERGER Beteiligungs-AG:

  • The EOD is 10.997. Based on the earnings, the company is underpriced. +1
  • The MRQ is 12.413. Based on the earnings, the company is underpriced. +1
  • The TTM is 12.413. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD10.997MRQ12.413-1.416
MRQ12.413TTM12.4130.000
TTM12.413YOY14.445-2.032
TTM12.4135Y12.466-0.053
5Y12.46610Y11.664+0.803
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of NÜRNBERGER Beteiligungs-AG:

  • The EOD is -1.566. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -1.767. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -1.767. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-1.566MRQ-1.767+0.202
MRQ-1.767TTM-1.7670.000
TTM-1.767YOY12.527-14.295
TTM-1.7675Y0.599-2.367
5Y0.59910Y1.278-0.679
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of NÜRNBERGER Beteiligungs-AG is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Insurance - Diversified industry mean).
  • A PB ratio of 0.89 means the investor is paying €0.89 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of NÜRNBERGER Beteiligungs-AG:

  • The EOD is 0.788. Based on the equity, the company is cheap. +2
  • The MRQ is 0.890. Based on the equity, the company is cheap. +2
  • The TTM is 0.890. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.788MRQ0.890-0.102
MRQ0.890TTM0.8900.000
TTM0.890YOY0.976-0.086
TTM0.8905Y0.924-0.034
5Y0.92410Y0.919+0.005
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of NÜRNBERGER Beteiligungs-AG compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--2.7432.7430%2.263+21%2.835-3%1.059+159%
Book Value Per Share--83.71283.7120%80.969+3%78.072+7%75.115+11%
Current Ratio--0.6180.6180%0.651-5%1.533-60%131.462-100%
Debt To Asset Ratio--0.9710.9710%0.9740%0.9730%0.9720%
Debt To Equity Ratio--34.45134.4510%38.125-10%36.804-6%35.933-4%
Dividend Per Share--3.3213.3210%3.319+0%3.260+2%3.154+5%
Eps--6.0026.0020%5.469+10%5.829+3%6.201-3%
Free Cash Flow Per Share---42.152-42.1520%6.306-768%-8.936-79%20.758-303%
Free Cash Flow To Equity Per Share---45.925-45.9250%3.047-1607%-12.530-73%15.673-393%
Gross Profit Margin---3.286-3.2860%-3.591+9%-2.231-32%-0.616-81%
Intrinsic Value_10Y_max---155.038--------
Intrinsic Value_10Y_min---572.723--------
Intrinsic Value_1Y_max--12.963--------
Intrinsic Value_1Y_min---26.019--------
Intrinsic Value_3Y_max--17.228--------
Intrinsic Value_3Y_min---105.812--------
Intrinsic Value_5Y_max---4.691--------
Intrinsic Value_5Y_min---215.280--------
Market Cap760320000.000-13%858240000.000858240000.0000%910080000.000-6%830592000.000+3%794615040.000+8%
Net Profit Margin--0.0170.0170%0.014+26%0.017+3%0.016+7%
Operating Margin--0.0470.0470%0.028+71%0.033+45%0.031+54%
Operating Ratio--0.5450.5450%-0.136+125%0.448+22%0.671-19%
Pb Ratio0.788-13%0.8900.8900%0.976-9%0.924-4%0.919-3%
Pe Ratio10.997-13%12.41312.4130%14.445-14%12.4660%11.664+6%
Price Per Share66.000-13%74.50074.5000%79.000-6%72.100+3%68.977+8%
Price To Free Cash Flow Ratio-1.566+11%-1.767-1.7670%12.527-114%0.599-395%1.278-238%
Price To Total Gains Ratio10.884-13%12.28612.2860%14.153-13%11.932+3%13.275-7%
Quick Ratio--0.4780.4780%0.559-15%0.485-1%13.126-96%
Return On Assets--0.0020.0020%0.002+17%0.002+2%0.002-14%
Return On Equity--0.0730.0730%0.069+6%0.076-4%0.087-17%
Total Gains Per Share--6.0646.0640%5.582+9%6.095-1%4.213+44%
Usd Book Value--1043145243.8151043145243.8150%1008964935.434+3%972866766.895+7%936026543.827+11%
Usd Book Value Change Per Share--2.9672.9670%2.448+21%3.067-3%1.145+159%
Usd Book Value Per Share--90.55190.5510%87.584+3%84.450+7%81.252+11%
Usd Dividend Per Share--3.5923.5920%3.590+0%3.526+2%3.412+5%
Usd Eps--6.4926.4920%5.916+10%6.305+3%6.708-3%
Usd Free Cash Flow---525265948.100-525265948.1000%78582259.900-768%-111352577.740-79%258672329.500-303%
Usd Free Cash Flow Per Share---45.596-45.5960%6.821-768%-9.666-79%22.454-303%
Usd Free Cash Flow To Equity Per Share---49.677-49.6770%3.296-1607%-13.553-73%16.953-393%
Usd Market Cap822438144.000-13%928358208.000928358208.0000%984433536.000-6%898451366.400+3%859535088.768+8%
Usd Price Per Share71.392-13%80.58780.5870%85.454-6%77.991+3%74.612+8%
Usd Profit--74789589.29874789589.2980%68150054.123+10%72639205.394+3%79984722.459-6%
Usd Revenue--4356141499.7494356141499.7490%4985288426.221-13%4419758147.657-1%5043119234.118-14%
Usd Total Gains Per Share--6.5596.5590%6.038+9%6.593-1%4.557+44%
 EOD+3 -5MRQTTM+0 -0YOY+23 -135Y+20 -1610Y+19 -17

3.2. Fundamental Score

Let's check the fundamental score of NÜRNBERGER Beteiligungs-AG based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1510.997
Price to Book Ratio (EOD)Between0-10.788
Net Profit Margin (MRQ)Greater than00.017
Operating Margin (MRQ)Greater than00.047
Quick Ratio (MRQ)Greater than10.478
Current Ratio (MRQ)Greater than10.618
Debt to Asset Ratio (MRQ)Less than10.971
Debt to Equity Ratio (MRQ)Less than134.451
Return on Equity (MRQ)Greater than0.150.073
Return on Assets (MRQ)Greater than0.050.002
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of NÜRNBERGER Beteiligungs-AG based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.481
Ma 20Greater thanMa 5065.050
Ma 50Greater thanMa 10065.180
Ma 100Greater thanMa 20065.870
OpenGreater thanClose65.500
Total1/5 (20.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2018-12-312019-12-312020-12-312021-12-312022-12-31
Tax Provision  36,437-23,95412,4821,30313,786-6,4217,365-21,280-13,915
Income Tax Expense  36,437-27,0389,3982,21811,616-6,5835,034-20,829-15,795



Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in EUR. All numbers in thousands.

Summary
Total Assets33,648,938
Total Liabilities32,684,581
Total Stockholder Equity948,734
 As reported
Total Liabilities 32,684,581
Total Stockholder Equity+ 948,734
Total Assets = 33,648,938

Assets

Total Assets33,648,938
Total Current Assets1,271,297
Long-term Assets32,377,641
Total Current Assets
Cash And Cash Equivalents 652,893
Short-term Investments 16,277
Net Receivables 314,147
Total Current Assets  (as reported)1,271,297
Total Current Assets  (calculated)983,317
+/- 287,979
Long-term Assets
Property Plant Equipment 29,708
Goodwill 958
Long Term Investments 22,749,524
Intangible Assets 96,649
Other Assets 0
Long-term Assets  (as reported)32,377,641
Long-term Assets  (calculated)22,876,838
+/- 9,500,803

Liabilities & Shareholders' Equity

Total Current Liabilities2,057,334
Long-term Liabilities30,627,247
Total Stockholder Equity948,734
Total Current Liabilities
Short-term Debt 23,423
Accounts payable 564,805
Other Current Liabilities 1,468,803
Total Current Liabilities  (as reported)2,057,334
Total Current Liabilities  (calculated)2,057,031
+/- 303
Long-term Liabilities
Long term Debt Total 19,084
Long term Debt 19,084
Long-term Liabilities  (as reported)30,627,247
Long-term Liabilities  (calculated)38,168
+/- 30,589,080
Total Stockholder Equity
Common Stock40,320
Retained Earnings 772,825
Accumulated Other Comprehensive Income -794
Other Stockholders Equity 136,382
Total Stockholder Equity (as reported)948,734
Total Stockholder Equity (calculated)948,734
+/-0
Other
Capital Stock40,320
Cash And Equivalents652,893
Cash and Short Term Investments 652,893
Common Stock Shares Outstanding 11,520
Current Deferred Revenue303
Liabilities and Stockholders Equity 33,648,938
Net Debt -633,809
Net Invested Capital 967,817
Net Working Capital -786,037
Property Plant and Equipment Gross 495,396
Short Long Term Debt Total 19,084



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-31
> Total Assets 
21,038,110
18,988,790
21,307,026
22,978,039
22,869,289
25,169,314
26,932,549
29,184,278
30,229,900
29,082,961
30,926,448
30,672,799
32,877,105
33,619,654
35,866,100
33,648,938
33,648,93835,866,10033,619,65432,877,10530,672,79930,926,44829,082,96130,229,90029,184,27826,932,54925,169,31422,869,28922,978,03921,307,02618,988,79021,038,110
   > Total Current Assets 
13,372,882
12,002,673
13,432,914
2,603,912
2,470,450
9,200,539
10,279,545
10,740,066
11,326,958
10,540,451
11,351,194
9,835,178
1,062,418
1,191,434
1,308,373
1,271,297
1,271,2971,308,3731,191,4341,062,4189,835,17811,351,19410,540,45111,326,95810,740,06610,279,5459,200,5392,470,4502,603,91213,432,91412,002,67313,372,882
       Cash And Cash Equivalents 
391,410
208,170
175,983
331,970
598,343
599,936
660,653
500,610
630,961
639,482
754,847
502,248
415,314
497,356
738,913
652,893
652,893738,913497,356415,314502,248754,847639,482630,961500,610660,653599,936598,343331,970175,983208,170391,410
       Short-term Investments 
0
0
1,183
1,291
1,148
0
0
0
0
0
0
0
114,422
170,248
30,268
16,277
16,27730,268170,248114,42200000001,1481,2911,18300
       Net Receivables 
0
0
0
0
0
0
594,609
531,877
454,167
383,056
355,011
343,831
328,040
327,895
355,223
314,147
314,147355,223327,895328,040343,831355,011383,056454,167531,877594,609000000
       Other Current Assets 
12,981,472
11,794,503
13,195,195
2,223,552
1,810,734
8,535,659
9,544,632
10,236,507
10,693,672
9,900,969
10,596,348
9,332,929
1,062,418
1,191,434
1,308,373
1,271,297
1,271,2971,308,3731,191,4341,062,4189,332,92910,596,3489,900,96910,693,67210,236,5079,544,6328,535,6591,810,7342,223,55213,195,19511,794,50312,981,472
   > Long-term Assets 
7,665,228
6,986,117
7,874,113
20,374,126
20,398,839
15,968,776
16,653,003
18,444,213
18,902,942
18,542,510
19,575,254
20,837,622
31,814,686
32,428,220
34,557,727
32,377,641
32,377,64134,557,72732,428,22031,814,68620,837,62219,575,25418,542,51018,902,94218,444,21316,653,00315,968,77620,398,83920,374,1267,874,1136,986,1177,665,228
       Property Plant Equipment 
200,302
203,105
207,327
430,131
418,338
206,738
304,521
268,396
243,559
669,452
639,339
652,402
620,679
570,283
526,910
29,708
29,708526,910570,283620,679652,402639,339669,452243,559268,396304,521206,738418,338430,131207,327203,105200,302
       Goodwill 
0
0
0
89,862
90,153
90,083
23,229
19,885
21,636
1,328
2,984
2,421
1,858
1,383
1,170
958
9581,1701,3831,8582,4212,9841,32821,63619,88523,22990,08390,15389,862000
       Long Term Investments 
0
0
0
0
0
0
15,630,122
17,070,933
17,118,910
26,226,149
28,127,702
28,242,807
30,514,714
31,219,203
22,388,892
22,749,524
22,749,52422,388,89231,219,20330,514,71428,242,80728,127,70226,226,14917,118,91017,070,93315,630,122000000
       Intangible Assets 
142,322
144,369
144,103
66,354
64,172
61,289
60,972
62,992
59,610
24,198
23,683
34,908
42,900
52,997
71,216
96,649
96,64971,21652,99742,90034,90823,68324,19859,61062,99260,97261,28964,17266,354144,103144,369142,322
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
30,061,480
30,520,976
32,765,889
30,698,732
30,698,73232,765,88930,520,97630,061,480000000000000
> Total Liabilities 
20,398,620
18,383,014
20,646,380
22,311,405
22,167,895
24,326,949
26,108,873
28,298,215
29,313,916
28,353,370
30,125,405
29,842,068
32,014,707
32,712,964
34,933,341
32,684,581
32,684,58134,933,34132,712,96432,014,70729,842,06830,125,40528,353,37029,313,91628,298,21526,108,87324,326,94922,167,89522,311,40520,646,38018,383,01420,398,620
   > Total Current Liabilities 
0
0
0
1,860,697
247,776
68,870
81,646
12,323
38,163
1,613,737
1,840,068
1,869,421
2,012,129
1,959,504
2,009,865
2,057,334
2,057,3342,009,8651,959,5042,012,1291,869,4211,840,0681,613,73738,16312,32381,64668,870247,7761,860,697000
       Short-term Debt 
0
0
1,183
396,104
228,715
68,870
81,646
12,323
38,163
31,969
33,739
0
0
0
0
23,423
23,423000033,73931,96938,16312,32381,64668,870228,715396,1041,18300
       Short Long Term Debt 
0
0
0
0
0
0
306,256
115,948
45,928
31,969
33,739
0
0
0
0
0
0000033,73931,96945,928115,948306,256000000
       Accounts payable 
13,511
8,983
18,155
1,464,593
19,061
0
1,394,063
1,612,916
1,328,625
1,346,712
1,546,309
1,566,754
634,100
587,016
580,597
564,805
564,805580,597587,016634,1001,566,7541,546,3091,346,7121,328,6251,612,9161,394,063019,0611,464,59318,1558,98313,511
       Other Current Liabilities 
0
0
0
0
0
0
266,478
235,413
204,026
175,227
201,042
209,921
1,377,558
1,372,151
1,428,973
1,468,803
1,468,8031,428,9731,372,1511,377,558209,921201,042175,227204,026235,413266,478000000
   > Long-term Liabilities 
1,067,345
956,322
966,982
0
0
676,353
616,708
669,734
514,159
50,382
61,737
70,521
30,002,578
30,753,461
32,923,476
30,627,247
30,627,24732,923,47630,753,46130,002,57870,52161,73750,382514,159669,734616,708676,35300966,982956,3221,067,345
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
31,969
33,739
29,269
28,733
23,600
24,288
19,084
19,08424,28823,60028,73329,26933,73931,969000000000
       Other Liabilities 
0
0
0
0
0
0
24,094,388
26,260,884
25,590,960
26,707,665
28,251,598
27,943,378
30,119,934
30,746,660
32,904,559
0
032,904,55930,746,66030,119,93427,943,37828,251,59826,707,66525,590,96026,260,88424,094,388000000
> Total Stockholder Equity
620,681
592,715
653,255
655,110
688,152
829,097
810,157
871,657
901,612
718,412
779,660
809,049
845,732
891,260
916,281
948,734
948,734916,281891,260845,732809,049779,660718,412901,612871,657810,157829,097688,152655,110653,255592,715620,681
   Common Stock
40,320
40,320
40,320
40
40,320
40,320
40,320
40,320
40,320
40,320
40,320
40,320
40,320
40,320
40,320
40,320
40,32040,32040,32040,32040,32040,32040,32040,32040,32040,32040,32040,3204040,32040,32040,320
   Retained Earnings 
398,801
417,904
425,324
376,915
377,858
423,404
461,562
498,003
572,035
543,363
606,294
633,434
669,848
715,413
740,400
772,825
772,825740,400715,413669,848633,434606,294543,363572,035498,003461,562423,404377,858376,915425,324417,904398,801
   Accumulated Other Comprehensive Income -794-822-856-818000-125,864-115,498-151,895-151,71200-51,707-45,076-39,460
   Capital Surplus 0000000000000000
   Treasury Stock0000000000000000
   Other Stockholders Equity 
221,020
179,566
239,318
278,154
269,973
517,085
460,170
448,831
415,120
134,728
133,047
135,296
136,382
136,382
136,382
136,382
136,382136,382136,382136,382135,296133,047134,728415,120448,831460,170517,085269,973278,154239,318179,566221,020



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.




Income Statement

Currency in EUR. All numbers in thousands.


Latest Income Statement (annual, 2022-12-31)

Gross Profit (+$)
totalRevenue4,027,125
Cost of Revenue-0
Gross Profit4,027,1254,027,125
 
Operating Income (+$)
Gross Profit4,027,125
Operating Expense-2,194,778
Operating Income-105,3771,832,347
 
Operating Expense (+$)
Research Development0
Selling General Administrative97,268
Selling And Marketing Expenses296,336
Operating Expense2,194,778393,604
 
Net Interest Income (+$)
Interest Income631,798
Interest Expense-1,209
Other Finance Cost-630,589
Net Interest Income0
 
Pretax Income (+$)
Operating Income-105,377
Net Interest Income0
Other Non-Operating Income Expenses0
Income Before Tax (EBT)45,575-150,951
EBIT - interestExpense = 188,891
53,345
70,350
Interest Expense1,209
Earnings Before Interest and Taxes (EBIT)190,10046,784
Earnings Before Interest and Taxes (EBITDA)190,313
 
After tax Income (+$)
Income Before Tax45,575
Tax Provision--13,915
Net Income From Continuing Ops69,82759,490
Net Income69,141
Net Income Applicable To Common Shares69,141
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses3,932,493
Total Other Income/Expenses Net45,5750
 

Technical Analysis of NÜRNBERGER Beteiligungs-AG
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of NÜRNBERGER Beteiligungs-AG. The general trend of NÜRNBERGER Beteiligungs-AG is BEARISH with 28.6% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine NÜRNBERGER Beteiligungs-AG's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-28.6%) Bearish trend (28.6%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of NÜRNBERGER Beteiligungs-AG.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 66.50 < 67.00 < 67.50.

The bearish price targets are: 65.50 > 63.50 > 63.50.

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NÜRNBERGER Beteiligungs-AG Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of NÜRNBERGER Beteiligungs-AG. The current mas is .

The long score for the Moving Averages is 5/14.
The longshort score for the Moving Averages is -4/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

NÜRNBERGER Beteiligungs-AG Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of NÜRNBERGER Beteiligungs-AG. The current macd is 0.19950193.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the NÜRNBERGER Beteiligungs-AG price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for NÜRNBERGER Beteiligungs-AG. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the NÜRNBERGER Beteiligungs-AG price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
NÜRNBERGER Beteiligungs-AG Daily Moving Average Convergence/Divergence (MACD) ChartNÜRNBERGER Beteiligungs-AG Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of NÜRNBERGER Beteiligungs-AG. The current adx is 26.43.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -3/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell NÜRNBERGER Beteiligungs-AG shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bearish trend. The ADX is declining, the bearish trend is weakening. Could be a potential reversal to the upside. -2
NÜRNBERGER Beteiligungs-AG Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of NÜRNBERGER Beteiligungs-AG. The current sar is 63.00.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
NÜRNBERGER Beteiligungs-AG Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of NÜRNBERGER Beteiligungs-AG. The current rsi is 55.48. The current phase is Correction in bear market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

  • Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
  • Trending down: The RSI is trending down. -1
NÜRNBERGER Beteiligungs-AG Daily Relative Strength Index (RSI) ChartNÜRNBERGER Beteiligungs-AG Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of NÜRNBERGER Beteiligungs-AG. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 1/6.
The longshort score for the Stochastic Oscillator is -2/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the NÜRNBERGER Beteiligungs-AG price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
NÜRNBERGER Beteiligungs-AG Daily Stochastic Oscillator ChartNÜRNBERGER Beteiligungs-AG Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of NÜRNBERGER Beteiligungs-AG. The current cci is 118.83.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
NÜRNBERGER Beteiligungs-AG Daily Commodity Channel Index (CCI) ChartNÜRNBERGER Beteiligungs-AG Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of NÜRNBERGER Beteiligungs-AG. The current cmo is 15.64.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
NÜRNBERGER Beteiligungs-AG Daily Chande Momentum Oscillator (CMO) ChartNÜRNBERGER Beteiligungs-AG Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of NÜRNBERGER Beteiligungs-AG. The current willr is -22.22222222.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that NÜRNBERGER Beteiligungs-AG is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
NÜRNBERGER Beteiligungs-AG Daily Williams %R ChartNÜRNBERGER Beteiligungs-AG Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of NÜRNBERGER Beteiligungs-AG.

NÜRNBERGER Beteiligungs-AG Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of NÜRNBERGER Beteiligungs-AG. The current atr is 0.94359229.

NÜRNBERGER Beteiligungs-AG Daily Average True Range (ATR) ChartNÜRNBERGER Beteiligungs-AG Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of NÜRNBERGER Beteiligungs-AG. The current obv is -30,323.

NÜRNBERGER Beteiligungs-AG Daily On-Balance Volume (OBV) ChartNÜRNBERGER Beteiligungs-AG Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of NÜRNBERGER Beteiligungs-AG. The current mfi is 50.80.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
NÜRNBERGER Beteiligungs-AG Daily Money Flow Index (MFI) ChartNÜRNBERGER Beteiligungs-AG Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for NÜRNBERGER Beteiligungs-AG.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-09STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-10WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-14STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-15STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-23MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-24SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-11-27STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-01STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-05MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-07STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-08CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-11MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-12-12STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-14CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-15SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-12-18MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-19CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-22SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-04STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-11DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-15MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-17STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-19CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-24STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-30MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-02MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-05STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-08CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-09WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-12MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-13CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-15MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-16STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-19SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-20STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-21STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-22SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-23MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-07SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-11CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-19STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-20SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-21STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-22STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-27CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-28STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

NÜRNBERGER Beteiligungs-AG Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of NÜRNBERGER Beteiligungs-AG based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.481
Ma 20Greater thanMa 5065.050
Ma 50Greater thanMa 10065.180
Ma 100Greater thanMa 20065.870
OpenGreater thanClose65.500
Total1/5 (20.0%)
Penke

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