Novo Nordisk (Denmark) Statistic Functions Beta
NOVO-B Stock | DKK 745.40 5.50 0.73% |
Symbol |
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Novo Nordisk AS correlated with the market. If Beta is less than 0 Novo Nordisk generally moves in the opposite direction as compared to the market. If Novo Nordisk Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Novo Nordisk AS is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Novo Nordisk is generally in the same direction as the market. If Beta > 1 Novo Nordisk moves generally in the same direction as, but more than the movement of the benchmark.
Novo Nordisk Technical Analysis Modules
Most technical analysis of Novo Nordisk help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Novo from various momentum indicators to cycle indicators. When you analyze Novo charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
About Novo Nordisk Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Novo Nordisk AS. We use our internally-developed statistical techniques to arrive at the intrinsic value of Novo Nordisk AS based on widely used predictive technical indicators. In general, we focus on analyzing Novo Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Novo Nordisk's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Novo Nordisk's intrinsic value. In addition to deriving basic predictive indicators for Novo Nordisk, we also check how macroeconomic factors affect Novo Nordisk price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Novo Nordisk in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Novo Nordisk's short interest history, or implied volatility extrapolated from Novo Nordisk options trading.
Trending Themes
If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.Gambling Invested over 90 shares | ||
Macroaxis Index Invested few shares | ||
Baby Boomer Prospects Invested over 60 shares | ||
Impulse Invested over 100 shares | ||
Banking Invested over 20 shares | ||
Momentum Invested over 40 shares | ||
Corona Opportunity Invested few shares | ||
Driverless Cars Invested few shares | ||
Automobiles and Trucks Invested over 50 shares | ||
Macroaxis Picks Invested over 30 shares | ||
Warren Buffett Holdings Invested few shares | ||
Manufacturing Invested over 30 shares | ||
Hedge Favorites Invested over 60 shares | ||
Artificial Intelligence Invested few shares |
Additional Information and Resources on Investing in Novo Stock
When determining whether Novo Nordisk AS offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Novo Nordisk's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Novo Nordisk As Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Novo Nordisk As Stock:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Novo Nordisk AS. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.