Norsk Hydro (Norway) Performance
On a scale of 0 to 100, Norsk Hydro holds a performance score of 15. The company secures a Beta (Market Risk) of -0.21, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Norsk Hydro are expected to decrease at a much lower rate. During the bear market, Norsk Hydro is likely to outperform the market. Please check Norsk Hydro's skewness, day typical price, and the relationship between the downside variance and daily balance of power , to make a quick decision on whether Norsk Hydro's current price movements will revert.
Risk-Adjusted Performance
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Over the last 90 days Norsk Hydro ASA has generated negative risk-adjusted returns adding no value to investors with long positions. Despite quite persistent basic indicators, Norsk Hydro is not utilizing all of its potentials. The latest stock price mess, may contribute to short-term losses for the institutional investors. ...more
| Begin Period Cash Flow | 17.6 B | |
| Total Cashflows From Investing Activities | -4.7 B |
Norsk |
Norsk Hydro Relative Risk vs. Return Landscape
If you would invest 5,416 in Norsk Hydro ASA on February 23, 2024 and sell it today you would earn a total of 1,442 from holding Norsk Hydro ASA or generate 26.62% return on investment over 90 days. Norsk Hydro ASA is generating 0.4294% of daily returns assuming 2.1112% volatility of returns over the 90 days investment horizon. Simply put, 18% of all stocks have less volatile historical return distribution than Norsk Hydro, and 92% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Norsk Hydro Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Norsk Hydro's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Norsk Hydro ASA, and traders can use it to determine the average amount a Norsk Hydro's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2034
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Estimated Market Risk
| 2.11 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.43 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 15 85% of assets perform better |
Based on monthly moving average Norsk Hydro is performing at about 15% 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.
Norsk Hydro Fundamentals Growth
Norsk Stock prices reflect investors' perceptions of the future prospects and financial health of Norsk Hydro, and Norsk Hydro fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Norsk Stock performance.
| Return On Equity | 0.34 | |||
| Return On Asset | 0.19 | |||
| Profit Margin | 0.15 % | |||
| Operating Margin | 0.27 % | |||
| Current Valuation | 139.55 B | |||
| Shares Outstanding | 2.04 B | |||
| Price To Earning | 28.69 X | |||
| Price To Book | 1.45 X | |||
| Price To Sales | 0.67 X | |||
| Revenue | 149.65 B | |||
| EBITDA | 26.02 B | |||
| Cash And Equivalents | 22.92 B | |||
| Cash Per Share | 5.71 X | |||
| Total Debt | 21.99 B | |||
| Debt To Equity | 31.30 % | |||
| Book Value Per Share | 52.21 X | |||
| Cash Flow From Operations | 10.68 B | |||
| Earnings Per Share | 15.03 X | |||
| Total Asset | 174.51 B | |||
About Norsk Hydro Performance
To evaluate Norsk Hydro ASA Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Norsk Hydro generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Norsk Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Norsk Hydro ASA market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Norsk's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Norsk Hydro ASA operates as an integrated aluminum company worldwide. Norsk Hydro ASA was founded in 1905 and is headquartered in Oslo, Norway. NORSK HYDRO operates under Aluminum classification in Norway and is traded on Oslo Stock Exchange. It employs 35000 people.Things to note about Norsk Hydro ASA performance evaluation
Checking the ongoing alerts about Norsk Hydro for important developments is a great way to find new opportunities for your next move. 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 |
- Analyzing Norsk Hydro's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Norsk Hydro's stock is overvalued or undervalued compared to its peers.
- Examining Norsk Hydro's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Norsk Hydro's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Norsk Hydro's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Norsk Hydro's stock. These opinions can provide insight into Norsk Hydro's potential for growth and whether the stock is currently undervalued or overvalued.
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 company could be tightly coupled with the direction of predictive economic indicators such as various price indices. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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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