Norsk Competitors

Stocks . Germany . 
Stock . Norsk Hydro ASA
NOHA Stock  EUR 5.90  0.15  2.48%   
Norsk Hydro ASA competes with Superior Plus, NMI Holdings, SIVERS SEMICONDUCTORS, Talanx AG, and 2G ENERGY; as well as few others. The company operates under Basic Materials sector and is part of Aluminum industry. Analyzing Norsk Hydro competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Norsk Hydro to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Norsk Hydro Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Norsk Hydro competition on your existing holdings.
  
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
2.976.059.13
Details
Intrinsic
Valuation
LowRealHigh
2.585.668.74
Details
Naive
Forecast
LowNextHigh
3.026.099.17
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
5.996.046.08
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Norsk Hydro. Your research has to be compared to or analyzed against Norsk Hydro's peers to derive any actionable benefits. When done correctly, Norsk Hydro's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Norsk Hydro ASA.

Norsk Hydro Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Norsk Hydro and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Norsk and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Norsk Hydro ASA does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
RS6
+ 0.91
IUI1
RS6
+ 0.88
INVN
IUI1
+ 0.87
INVN
RS6
+ 0.85
INL
INL
+ 0.79
INVN
INL
+ 0.76
IUI1
  
High negative correlations   
IUI1
- 0.89
2DG
RS6
- 0.87
2DG
IUI1
- 0.86
8SP
INVN
- 0.84
2DG
INL
- 0.81
2DG
RS6
- 0.81
8SP

Risk-Adjusted Indicators

There is a big difference between Norsk Stock performing well and Norsk Hydro Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Norsk Hydro's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
All Fundamental Data

Norsk Hydro Competitive Analysis

The better you understand Norsk Hydro competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Norsk Hydro's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Norsk Hydro's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
NOHA 8SP 6NM 2DG TLX 2GB INVN IUI1 INL RS6
 2.48 
 5.90 
Norsk
 1.44 
 4.10 
Superior
 3.16 
 36.80 
NMI
 20.00 
 0.18 
SIVERS
 0.31 
 79.70 
Talanx
 1.88 
 21.70 
2GB
 3.03 
 3.74 
Identiv
 0.44 
 514.70 
INTUITIVE
 2.91 
 22.71 
Intel
 1.20 
 303.80 
Reliance
Market Volatility
(90 Days Market Risk)
Slightly risky
Out of control
Not too volatile
Out of control
Very steady
Not too volatile
Relatively risky
Very steady
Not too volatile
Very steady
Market Performance
(90 Days Performance)
OK
Very Weak
Weak
Very Weak
Weak
Weak
OK
Good
Good
Good
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Quite High
Low
Quite High
Low
Low
Below Average
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Under Valued
Under Valued
Over Valued
Under Valued
Over Valued
Over Valued
Under Valued
Over Valued
Under Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Sell
Not Rated
Not Rated
Strong Sell
Not Rated
Strong Sell
Strong Sell
Not Rated
Strong Hold
Strong Buy
Current Ratio
1.77
1.33
0.77
3.67
1.31
N/A
1.31
N/A
N/A
4.06
Net Asset
198.62 B
4.48 B
2.52 B
N/A
197.52 B
169.7 M
96.66 M
12.97 B
182.1 B
10.33 B
Profit Margin
0.12
-0.0333
0.56
-0.89
0.0222
N/A
-0.0236
N/A
N/A
0.11
EBITDA
42.55 B
202.9 M
420.22 M
N/A
3.09 B
N/A
4.1 M
1.94 B
21.3 B
2.73 B
Operating Margin
0.24
0.0049
0.78
N/A
0.0571
N/A
-0.0216
N/A
N/A
0.15
Current Valuation
13.26 B
2.78 B
1.85 B
N/A
14 B
427.85 M
149.13 M
86.49 B
126.75 B
12.83 B
Price To Book
1.51
1.76
1.09
N/A
1.35
4.52
2.37
8.3
1.18
1.78
Five Year Return
3.11
5.75
N/A
N/A
4.28
N/A
N/A
N/A
N/A
1.9
Beta
1.4
0.86
1.28
0.86
0.94
N/A
1.55
N/A
N/A
0.89
Number Of Employees
32.01 K
28
242
130
24.06 K
N/A
329
N/A
5
10
Shares Outstanding
2.04 B
200.7 M
83.66 M
210.89 M
253.35 M
N/A
22.51 M
N/A
N/A
58.79 M
Cash Flow From Operations
29.39 B
248.7 M
313.39 M
N/A
10.05 B
N/A
1.23 M
1.49 B
15.43 B
2.12 B
Annual Yield
0.0715
0.0662
N/A
N/A
0.0447
0.0107
N/A
N/A
0.018
0.0163
Total Debt
1.76 B
1.91 B
396.05 M
N/A
7.19 B
3.4 M
17.93 M
N/A
37.68 B
1.14 B
Return On Equity
0.25
-0.0634
0.18
-0.18
0.11
N/A
-0.0353
N/A
N/A
0.28
Z Score
5.2
N/A
2.4
N/A
0.6
81.6
5.8
N/A
2.4
8.2
Return On Asset
0.17
0.0026
0.1
-0.11
0.0085
N/A
-0.0151
N/A
N/A
0.16
Book Value Per Share
50.16
5.52
19.32
0.24
32.56
N/A
3.29
N/A
N/A
120.56
Total Asset
198.62 B
4.48 B
2.52 B
N/A
197.52 B
169.7 M
96.66 M
12.97 B
182.1 B
10.33 B
Debt To Equity
31.3
163.2
19.0
0.088
31.9
N/A
51.4
N/A
N/A
49.0
Target Price
11.28
N/A
31.4
N/A
36.12
N/A
21.25
N/A
N/A
181.17
Last Dividend Paid
5.65
0.72
N/A
N/A
N/A
N/A
N/A
N/A
0.33
3.5
Shares Owned By Institutions
0.05
36.16
99.61
25.26
7.71
N/A
67.68
N/A
N/A
83.58
Market Capitalization
13.94 B
1.54 B
1.88 B
146.56 M
11.5 B
462.85 M
145.66 M
109.12 B
182.18 B
13.85 B
Price To Earning
5.97
30.24
11.65
N/A
12.92
N/A
N/A
N/A
N/A
8.86
Price To Earnings To Growth
0.52
N/A
N/A
N/A
N/A
N/A
N/A
3.27
12.86
N/A
Price To Sales
0.0627
0.46
3.05
N/A
0.23
1.56
1.36
16.13
1.7
0.65
Net Income
24.15 B
(112.5 M)
292.9 M
N/A
1.01 B
N/A
1.62 M
1.32 B
8.01 B
1.84 B
Earnings Per Share
1.03
-0.4
3.27
-0.082
4.24
N/A
-0.17
N/A
N/A
28.2
Shares Owned By Insiders
N/A
0.35
1.28
31.21
78.82
N/A
4.27
N/A
N/A
0.86
Revenue
207.93 B
3.38 B
524.46 M
N/A
43.38 B
N/A
103.77 M
6.22 B
63.05 B
17.02 B
Cash And Equivalents
838.34 M
33.45 M
86.67 M
N/A
3.85 B
N/A
8.93 M
N/A
N/A
133.6 M
Cash Per Share
0.41
0.19
1.28
N/A
15.22
N/A
0.54
N/A
N/A
1.99
Gross Profit
78.56 B
1.15 B
411.45 M
116.46 M
5.11 B
N/A
37.07 M
N/A
N/A
5.26 B
Day Typical Price
5.92
4.1
36.8
0.18
79.75
21.47
3.74
514.7
22.79
303.8
Accumulation Distribution
2.52
N/A
N/A
N/A
0.0044
0.16
N/A
N/A
0.54
N/A
Market Facilitation Index
2.0E-4
N/A
N/A
N/A
0.35
0.14
N/A
N/A
0.005
N/A
Daily Balance Of Power
(3.00)
(9,223,372,036,855)
(9,223,372,036,855)
9.2 T
(0.71)
0.5714
9.2 T
(9,223,372,036,855)
(2.72)
(9,223,372,036,855)
Period Momentum Indicator
(0.15)
(0.06)
(1.20)
0.03
(0.25)
0.4
0.11
(2.30)
(0.68)
(3.70)
Rate Of Daily Change
0.98
0.99
0.97
1.2
1.0
1.02
1.03
1.0
0.97
0.99
Day Median Price
5.93
4.1
36.8
0.18
79.78
21.35
3.74
514.7
22.84
303.8
Price Action Indicator
(0.10)
(0.03)
(0.60)
0.015
(0.20)
0.55
0.055
(1.15)
(0.46)
(1.85)
Relative Strength Index
71.6
34.77
20.65
87.1
11.38
56.76
43.12
70.82
39.4
55.56
Coefficient Of Variation
890.38
(1,774)
2313.41
(587.10)
2355.3
6617.51
825.81
584.4
734.73
680.48
Mean Deviation
2.28
2.05
1.21
4.15
0.9742
1.8
2.09
1.27
2.49
1.4
Jensen Alpha
0.2822
(0.14)
0.0988
(1.33)
0.0454
(0.03)
0.3608
0.2534
0.2186
0.2503
Total Risk Alpha
(0.15)
(0.73)
(0.20)
(2.41)
(0.16)
(0.37)
(0.11)
0.014
(0.08)
(0.03)
Sortino Ratio
0.0768
N/A
(0.03)
N/A
(0.06)
(0.04)
0.0797
0.1336
0.1174
0.1077
Downside Variance
8.04
N/A
4.88
N/A
1.37
5.42
7.18
1.65
6.96
2.91
Standard Deviation
3.1
3.34
1.69
7.32
1.31
2.52
2.84
1.76
3.23
2.14
Kurtosis
0.2931
10.9
2.1
17.11
1.25
2.01
0.3764
5.76
0.1405
11.47
Potential Upside
7.0
3.36
2.79
7.14
2.67
4.28
5.61
3.28
6.8
2.94
Treynor Ratio
0.7282
0.3774
(0.21)
(2.07)
13.88
0.0564
(1.50)
0.9148
0.2448
0.6799
Maximum Drawdown
12.26
20.22
9.64
52.42
7.58
13.78
14.01
10.3
13.89
13.51
Variance
9.61
11.18
2.84
53.59
1.73
6.34
8.07
3.11
10.46
4.57
Market Risk Adjusted Performance
0.7382
0.3874
(0.20)
(2.06)
13.89
0.0664
(1.49)
0.9248
0.2548
0.6899
Risk Adjusted Performance
0.0934
(0.04)
0.0385
(0.12)
0.0366
0.0185
0.0999
0.1365
0.1117
0.1188
Skewness
0.5819
(0.64)
(0.72)
(2.49)
0.2695
0.6368
0.2735
1.66
0.3906
2.16
Semi Deviation
2.33
N/A
1.77
N/A
1.13
2.19
2.12
1.07
2.26
1.38
Information Ratio
0.0702
(0.1)
(0.03)
(0.19)
(0.06)
(0.04)
0.0752
0.0972
0.0958
0.0859
Value At Risk
(4.46)
(4.74)
(2.69)
(8.57)
(1.64)
(3.67)
(4.25)
(1.96)
(3.69)
(2.17)
Expected Short fall
(2.94)
N/A
(1.29)
N/A
(1.13)
(2.09)
(2.49)
(1.49)
(3.25)
(1.62)
Downside Deviation
2.83
N/A
2.21
N/A
1.17
2.33
2.68
1.28
2.64
1.71
Semi Variance
5.45
N/A
3.13
N/A
1.28
4.78
4.51
1.14
5.13
1.91

Norsk Hydro Competition Performance Charts

Five steps to successful analysis of Norsk Hydro Competition

Norsk Hydro's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Norsk Hydro ASA in relation to its competition. Norsk Hydro's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Norsk Hydro in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Norsk Hydro's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Norsk Hydro ASA, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Norsk Hydro position

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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.
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