Norsk Hydro Asa Stock Price on April 11, 2024
| NHYKF Stock | USD 6.43 0.19 3.04% |
If you're considering investing in Norsk OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Norsk Hydro stands at 6.43, as last reported on the 5th of May, with the highest price reaching 6.43 and the lowest price hitting 6.43 during the day. Norsk Hydro appears to be slightly risky, given 3 months investment horizon. Norsk Hydro ASA has Sharpe Ratio of 0.1, which conveys that the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Norsk Hydro, which you can use to evaluate the volatility of the firm. Please exercise Norsk Hydro's Risk Adjusted Performance of 0.0468, downside deviation of 2.36, and Mean Deviation of 1.99 to check out if our risk estimates are consistent with your expectations.
Norsk OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Norsk |
Sharpe Ratio = 0.1037
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Estimated Market Risk
| 2.45 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.25 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 8 92% of assets perform better |
Based on monthly moving average Norsk Hydro is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Norsk Hydro by adding it to a well-diversified portfolio.
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Norsk Hydro Valuation on April 11, 2024
It is possible to determine the worth of Norsk Hydro on a given historical date. On April 11, 2024 Norsk was worth 6.31 at the beginning of the trading date compared to the closed value of 6.28. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Norsk Hydro otc stock. Still, in general, we apply an absolute valuation method to find Norsk Hydro's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Norsk Hydro where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Norsk Hydro's related companies.
| Open | High | Low | Close | Volume | |
| 6.32 | 6.36 | 6.32 | 6.36 | 2,072 | |
04/11/2024 | 6.31 | 6.36 | 6.28 | 6.28 | 1,980 |
| 6.41 | 6.57 | 6.41 | 6.54 | 7,458 |
| Backtest Norsk Hydro | | | Norsk Hydro History | | | Norsk Hydro Valuation | Previous | Next |
Norsk Hydro Trading Date Momentum on April 11, 2024
| On April 12 2024 Norsk Hydro ASA was traded for 6.54 at the closing time. The highest daily price throughout the period was 6.57 and the lowest price was 6.41 . The daily volume was 7.5 K. The net trading volume on 04/12/2024 added to the next day price rise. The trading delta at closing time to closing price of the next trading day was 4.14% . The trading delta at closing time to current closing price is 2.39% . |
Norsk Hydro ASA Fundamentals Correlations and Trends
By evaluating Norsk Hydro's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Norsk Hydro's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Norsk financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Norsk Hydro OTC Stock history
Norsk Hydro investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Norsk is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Norsk Hydro ASA will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Norsk Hydro stock prices may prove useful in developing a viable investing in Norsk Hydro
Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, remelting, and recycling activities and provision of extruded solutions worldwide. Norsk Hydro ASA was founded in 1905 and is headquartered in Oslo, Norway. NORSK HYDRO operates under Aluminum classification in the United States and is traded on OTC Exchange. It employs 31000 people.
Norsk Hydro OTC Stock Technical Analysis
Norsk Hydro technical otc stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, otc market cycles, or different charting patterns.
Price Boundaries
Norsk Hydro Period Price Range
Low | April 11, 2024
| High |
6.31 | 6.28 |
Norsk Hydro May 5, 2024 Market Strength
Market strength indicators help investors to evaluate how Norsk Hydro otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Norsk Hydro shares will generate the highest return on investment. By undertsting and applying Norsk Hydro otc stock market strength indicators, traders can identify Norsk Hydro ASA entry and exit signals to maximize returns
Norsk Hydro Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Norsk Hydro's price direction in advance. Along with the technical and fundamental analysis of Norsk OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Norsk to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0468 | |||
| Jensen Alpha | 0.122 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0324 | |||
| Treynor Ratio | 0.4227 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Norsk Hydro ASA. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Norsk OTC Stock analysis
When running Norsk Hydro's price analysis, check to measure Norsk Hydro'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 Norsk Hydro is operating at the current time. Most of Norsk Hydro's value examination focuses on studying past and present price action to predict the probability of Norsk Hydro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Norsk Hydro's price. Additionally, you may evaluate how the addition of Norsk Hydro to your portfolios can decrease your overall portfolio volatility.
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