Norsk Hydro ASA Price on January 13, 2023
NHYDYDelisted Stock | USD 8.01 0.13 1.60% |
If you're considering investing in Norsk OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Norsk Hydro stands at 8.01, as last reported on the 26th of November, with the highest price reaching 8.14 and the lowest price hitting 7.98 during the day. We have found twenty-nine technical indicators for Norsk Hydro, which you can use to evaluate the volatility of the firm. Please verify Norsk Hydro's Risk Adjusted Performance of 0.1131, mean deviation of 2.0, and Downside Deviation of 2.22 to check out if the risk estimate we provide is consistent with the expected return of 0.0%.
Norsk OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Norsk |
Sharpe Ratio = 0.0
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Based on monthly moving average Norsk Hydro is not performing at its full potential. However, 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 Norsk Hydro to a well-diversified portfolio.
Norsk Hydro Valuation on January 13, 2023
It is possible to determine the worth of Norsk Hydro on a given historical date. On January 13, 2023 Norsk was worth 7.68 at the beginning of the trading date compared to the closed value of 7.85. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Norsk Hydro otc 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 | |
7.64 | 7.75 | 7.52 | 7.74 | 103,900 | |
01/13/2023 | 7.68 | 7.85 | 7.68 | 7.85 | 72,400 |
8.05 | 8.20 | 8.03 | 8.13 | 178,500 |
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Norsk Hydro Trading Date Momentum on January 13, 2023
On January 17 2023 Norsk Hydro ASA was traded for 8.13 at the closing time. The highest daily price throughout the period was 8.20 and the lowest price was 8.03 . The daily volume was 178.5 K. The net trading volume on 01/17/2023 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 3.57% . The trading delta at closing time to current closing price is 6.24% . |
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 OTC 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 engages in the power production, bauxite extraction, alumina refining, aluminium smelting, remelting, and recycling activities and provision of extruded solutions worldwide. Norsk Hydro ASA was founded in 1905 and is headquartered in Oslo, Norway. NORSK HYDRO operates under Aluminum classification in the United States and is traded on OTC Exchange. It employs 31000 people.
Norsk Hydro OTC Stock Technical Analysis
Norsk Hydro technical otc 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, otc market cycles, or different charting patterns.
Price Boundaries
Norsk Hydro Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Norsk Hydro ASA cannot be verified against its exchange. Please verify the symbol is currently traded on OTCQX 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 November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Norsk Hydro otc 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 otc 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 OTC 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 | 0.1131 | |||
Jensen Alpha | 0.3346 | |||
Total Risk Alpha | (0.05) | |||
Sortino Ratio | 0.099 | |||
Treynor Ratio | 10.67 |
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Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in unemployment. Note that the Norsk Hydro ASA information on this page should be used as a complementary analysis to other Norsk Hydro's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Other Consideration for investing in Norsk OTC Stock
If you are still planning to invest in Norsk Hydro ASA check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Norsk Hydro's history and understand the potential risks before investing.
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