Novozymes As Stock Price on March 14, 2018
| NVZMY Stock | USD 55.66 0.09 0.16% |
If you're considering investing in Novozymes Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Novozymes stands at 55.66, as last reported on the 25th of April, with the highest price reaching 56.21 and the lowest price hitting 55.35 during the day. We consider Novozymes very steady. Novozymes AS has Sharpe Ratio of 0.049, which conveys that the firm had a 0.049% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Novozymes, which you can use to evaluate the volatility of the firm. Please verify Novozymes' Risk Adjusted Performance of 0.037, mean deviation of 1.25, and Downside Deviation of 1.63 to check out if the risk estimate we provide is consistent with the expected return of 0.0864%.
Novozymes Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Novozymes |
Sharpe Ratio = 0.049
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | NVZMY | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.76 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average Novozymes is performing at about 3% 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 Novozymes by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
About Novozymes Pink Sheet history
Novozymes 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 Novozymes is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Novozymes AS 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 Novozymes stock prices may prove useful in developing a viable investing in Novozymes
Novozymes AS produces and sells industrial enzymes, microorganisms, and probiotics in Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. The company was founded in 1925 and is headquartered in Bagsvaerd, Denmark. Novozymes Unspn is traded on OTC Exchange in the United States.
Novozymes Pink Sheet Technical Analysis
Novozymes technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Novozymes Period Price Range
Novozymes April 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Novozymes pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Novozymes shares will generate the highest return on investment. By undertsting and applying Novozymes pink sheet market strength indicators, traders can identify Novozymes AS entry and exit signals to maximize returns
Novozymes Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Novozymes' price direction in advance. Along with the technical and fundamental analysis of Novozymes Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Novozymes 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 | 0.037 | |||
| Jensen Alpha | 0.1161 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.0009) | |||
| Treynor Ratio | (0.15) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Novozymes AS. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Novozymes Pink Sheet analysis
When running Novozymes' price analysis, check to measure Novozymes' 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 Novozymes is operating at the current time. Most of Novozymes' value examination focuses on studying past and present price action to predict the probability of Novozymes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novozymes' price. Additionally, you may evaluate how the addition of Novozymes to your portfolios can decrease your overall portfolio volatility.
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume |