Norsk Hydro (Norway) Probability of Future Stock Price Finishing Over 77.86
| NHY Stock | NOK 69.00 2.44 3.42% |
Norsk |
Norsk Hydro Target Price Odds to finish over 77.86
The tendency of Norsk Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over 77.86 or more in 90 days |
| 69.00 | 90 days | 77.86 | near 1 |
Based on a normal probability distribution, the odds of Norsk Hydro to move over 77.86 or more in 90 days from now is near 1 (This Norsk Hydro ASA probability density function shows the probability of Norsk Stock to fall within a particular range of prices over 90 days) . Probability of Norsk Hydro ASA price to stay between its current price of 69.00 and 77.86 at the end of the 90-day period is about 7.65 .
Assuming the 90 days trading horizon Norsk Hydro ASA has a beta of -0.16. This indicates as returns on the benchmark increase, returns on holding Norsk Hydro are expected to decrease at a much lower rate. During a bear market, however, Norsk Hydro ASA is likely to outperform the market. Additionally Norsk Hydro ASA has an alpha of 0.2624, implying that it can generate a 0.26 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Norsk Hydro Price Density |
| Price |
Predictive Modules for Norsk Hydro
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Norsk Hydro ASA. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Norsk Hydro's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Norsk Hydro Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Norsk Hydro is not an exception. The market had few large corrections towards the Norsk Hydro's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Norsk Hydro ASA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Norsk Hydro within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.26 | |
β | Beta against NYSE Composite | -0.16 | |
σ | Overall volatility | 6.01 | |
Ir | Information ratio | 0.09 |
Norsk Hydro Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Norsk Hydro for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Norsk Hydro ASA can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 34.0% of the company outstanding shares are owned by corporate insiders |
Norsk Hydro Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Norsk Stock often depends not only on the future outlook of the current and potential Norsk Hydro's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Norsk Hydro's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 2.1 B | |
| Cash And Short Term Investments | 26.6 B |
Norsk Hydro Technical Analysis
Norsk Hydro's future price can be derived by breaking down and analyzing its technical indicators over time. Norsk Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Norsk Hydro ASA. In general, you should focus on analyzing Norsk Stock price patterns and their correlations with different microeconomic environments and drivers.
Norsk Hydro Predictive Forecast Models
Norsk Hydro's time-series forecasting models is one of many Norsk Hydro's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Norsk Hydro's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Norsk Hydro ASA
Checking the ongoing alerts about Norsk Hydro for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Norsk Hydro ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 34.0% of the company outstanding shares are owned by corporate insiders |
Check out Norsk Hydro Backtesting, Norsk Hydro Valuation, Norsk Hydro Correlation, Norsk Hydro Hype Analysis, Norsk Hydro Volatility, Norsk Hydro History as well as Norsk Hydro Performance. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Norsk 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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