Norbit ASA Stock Forecast - Daily Balance Of Power
| NORBT Stock | NOK 96.30 1.10 1.16% |
Norbit Stock Forecast is based on your current time horizon.
Norbit |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.5306 | (0.40) |
| Check Norbit ASA Volatility | Backtest Norbit ASA | Trend Details |
Norbit ASA Trading Date Momentum
| On October 23 2024 Norbit ASA was traded for 96.00 at the closing time. The highest price during the trading period was 96.50 and the lowest recorded bid was listed for 93.90 . The volume for the day was 45.5 K. This history from October 23, 2024 contributed to the next trading day price boost. The trading delta at closing time to the next closing price was 3.23% . The trading delta at closing time to the current price is 4.30% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for Norbit ASA
For every potential investor in Norbit, whether a beginner or expert, Norbit ASA's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Norbit Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Norbit. Basic forecasting techniques help filter out the noise by identifying Norbit ASA's price trends.Norbit ASA Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Norbit ASA stock to make a market-neutral strategy. Peer analysis of Norbit ASA could also be used in its relative valuation, which is a method of valuing Norbit ASA by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Norbit ASA Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Norbit ASA's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Norbit ASA's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Norbit ASA Market Strength Events
Market strength indicators help investors to evaluate how Norbit ASA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Norbit ASA shares will generate the highest return on investment. By undertsting and applying Norbit ASA stock market strength indicators, traders can identify Norbit ASA entry and exit signals to maximize returns.
Norbit ASA Risk Indicators
The analysis of Norbit ASA's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Norbit ASA's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting norbit stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.49 | |||
| Semi Deviation | 1.53 | |||
| Standard Deviation | 1.97 | |||
| Variance | 3.9 | |||
| Downside Variance | 2.6 | |||
| Semi Variance | 2.34 | |||
| Expected Short fall | (1.95) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Norbit ASA financial ratios help investors to determine whether Norbit 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 Norbit with respect to the benefits of owning Norbit ASA security.