NORSK HYDRO A Market Value
| 656531AM2 | 106.53 0.73 0.68% |
| Symbol | NORSK |
NORSK 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to NORSK's bond what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of NORSK.
| 02/14/2023 |
| 02/03/2025 |
If you would invest 0.00 in NORSK on February 14, 2023 and sell it all today you would earn a total of 0.00 from holding NORSK HYDRO A or generate 0.0% return on investment in NORSK over 720 days. NORSK is related to or competes with Astral Foods, KVH Industries, WK Kellogg, Pinterest, Lifeway Foods, Bridgford Foods, and Digi International. More
NORSK Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure NORSK's bond current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess NORSK HYDRO A upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 2.15 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 0.912 |
NORSK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NORSK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NORSK's standard deviation. In reality, there are many statistical measures that can use NORSK historical prices to predict the future NORSK's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.8176 |
NORSK HYDRO A Backtested Returns
NORSK HYDRO A has Sharpe Ratio of -0.0381, which conveys that the entity had a -0.0381 % return per unit of standard deviation over the last 3 months. NORSK exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NORSK's Risk Adjusted Performance of (0.04), market risk adjusted performance of 0.8276, and Mean Deviation of 0.3431 to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of -0.035, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NORSK are expected to decrease at a much lower rate. During the bear market, NORSK is likely to outperform the market.
Auto-correlation | -0.05 |
Very weak reverse predictability
NORSK HYDRO A has very weak reverse predictability. Overlapping area represents the amount of predictability between NORSK time series from 14th of February 2023 to 9th of February 2024 and 9th of February 2024 to 3rd of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NORSK HYDRO A price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current NORSK price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 1.4 |
NORSK HYDRO A lagged returns against current returns
Autocorrelation, which is NORSK bond's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting NORSK's bond expected returns. We can calculate the autocorrelation of NORSK returns to help us make a trade decision. For example, suppose you find that NORSK has exhibited high autocorrelation historically, and you observe that the bond is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
NORSK regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If NORSK bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NORSK bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NORSK bond over time.
Current vs Lagged Prices |
| Timeline |
NORSK Lagged Returns
When evaluating NORSK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NORSK bond have on its future price. NORSK autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, NORSK autocorrelation shows the relationship between NORSK bond current value and its past values and can show if there is a momentum factor associated with investing in NORSK HYDRO A.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in NORSK Bond
NORSK financial ratios help investors to determine whether NORSK Bond 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 security.