Norsk Hydro Financials
NOHA Stock | EUR 5.95 0.10 1.65% |
Norsk |
Understanding current and past Norsk Hydro Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Norsk Hydro's financial statements are interrelated, with each one affecting the others. For example, an increase in Norsk Hydro's assets may result in an increase in income on the income statement.
Norsk Hydro Stock Summary
Norsk Hydro competes with Big 5, COLUMBIA SPORTSWEAR, Gaztransport Technigaz, PSI Software, and SCIENCE IN. 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 Germany and is traded on Frankfurt Stock Exchange. It employs 35000 people.Instrument | Germany Stock View All |
Exchange | Frankfurt Exchange |
ISIN | US6565316055 |
Business Address | Drammensveien 260, Oslo, |
Sector | Basic Materials |
Industry | Aluminum |
Benchmark | Dow Jones Industrial |
Website | www.hydro.com |
Phone | 47 22 53 81 00 |
Currency | EUR - Euro |
You should never invest in Norsk Hydro without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Norsk Stock, because this is throwing your money away. Analyzing the key information contained in Norsk Hydro's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Norsk Hydro Key Financial Ratios
There are many critical financial ratios that Norsk Hydro's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Norsk Hydro ASA reports annually and quarterly.Return On Equity | 0.25 | |||
Return On Asset | 0.17 | |||
Target Price | 11.28 | |||
Beta | 1.4 | |||
Z Score | 5.2 |
Norsk Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Norsk Hydro's current stock value. Our valuation model uses many indicators to compare Norsk Hydro value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Norsk Hydro competition to find correlations between indicators driving Norsk Hydro's intrinsic value. More Info.Norsk Hydro ASA is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers reporting about 0.68 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Norsk Hydro ASA is roughly 1.47 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Norsk Hydro's earnings, one of the primary drivers of an investment's value.Norsk Hydro ASA Systematic Risk
Norsk Hydro's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Norsk Hydro volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Norsk Hydro ASA correlated with the market. If Beta is less than 0 Norsk Hydro generally moves in the opposite direction as compared to the market. If Norsk Hydro Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Norsk Hydro ASA is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Norsk Hydro is generally in the same direction as the market. If Beta > 1 Norsk Hydro moves generally in the same direction as, but more than the movement of the benchmark.
Norsk Hydro November 23, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Norsk Hydro help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Norsk Hydro ASA. We use our internally-developed statistical techniques to arrive at the intrinsic value of Norsk Hydro ASA based on widely used predictive technical indicators. In general, we focus on analyzing Norsk Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Norsk Hydro's daily price indicators and compare them against related drivers.
Downside Deviation | 2.85 | |||
Information Ratio | 0.0658 | |||
Maximum Drawdown | 12.26 | |||
Value At Risk | (4.46) | |||
Potential Upside | 7.0 |
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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