Norsk Hydro (Norway) Price on November 14, 2024
| NHY Stock | NOK 69.68 0.82 1.19% |
If you're considering investing in Norsk Stock, it is important to understand the factors that can impact its price. As of today, the current price of Norsk Hydro stands at 69.68, as last reported on the 4th of December, with the highest price reaching 70.16 and the lowest price hitting 68.80 during the day. Norsk Hydro appears to be very steady, given 3 months investment horizon. Norsk Hydro ASA has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine 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 0.114, mean deviation of 1.63, and Downside Deviation of 1.9 to check out if our risk estimates are consistent with your expectations.
Norsk Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Norsk |
Sharpe Ratio = 0.1563
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Estimated Market Risk
| 2.21 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.34 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Norsk Hydro is performing at about 12% 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 Valuation on November 14, 2024
It is possible to determine the worth of Norsk Hydro on a given historical date. On November 14, 2024 Norsk was worth 64.2 at the beginning of the trading date compared to the closed value of 65.94. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Norsk Hydro 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 | |
| 65.02 | 65.78 | 64.32 | 64.40 | 4,990,676 | |
11/14/2024 | 64.20 | 66.04 | 63.78 | 65.94 | 4,145,510 |
| 65.56 | 71.08 | 65.32 | 70.64 | 8,157,029 |
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Norsk Hydro Trading Date Momentum on November 14, 2024
| On November 15 2024 Norsk Hydro ASA was traded for 70.64 at the closing time. The maximum traded price for the trading interval was 71.08 and the lowest daily price was 65.32 . The daily volume was recorded at 8.2 M. The volume of trading on 15th of November 2024 played a part in the next trading day price upswing. The trading delta at closing time to the next closing price was 7.13% . The trading delta at closing time to the closing price today is 9.40% . |
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 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 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.
Norsk Hydro Stock Technical Analysis
Norsk Hydro technical 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, stock market cycles, or different charting patterns.
Price Boundaries
Norsk Hydro Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Norsk Hydro ASA cannot be verified against its exchange. Please verify the symbol is currently traded on Oslo Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Norsk Hydro December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Norsk Hydro 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 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 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 | 0.114 | |||
| Jensen Alpha | 0.2841 | |||
| Total Risk Alpha | 0.0019 | |||
| Sortino Ratio | 0.1027 | |||
| Treynor Ratio | 2.13 |
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Other Information on Investing in Norsk Stock
Norsk Hydro financial ratios help investors to determine whether Norsk Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Norsk with respect to the benefits of owning Norsk Hydro security.