Nykode Therapeutics (Norway) Buy Hold or Sell Recommendation
| NYKD Stock | 2.68 0.01 0.37% |
Assuming the 90 days trading horizon and your way above-average risk tolerance, our recommendation regarding Nykode Therapeutics ASA is 'Strong Sell'. The recommendation algorithm takes into account all of Nykode Therapeutics' available fundamental, technical, and predictive indicators you will find on this site.
Check out Correlation Analysis to better understand how to build diversified portfolios. 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. Note, we conduct extensive research on individual companies such as Nykode and provide practical buy, sell, or hold advice based on investors' constraints. Nykode Therapeutics ASA. 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.
Nykode |
Execute Nykode Therapeutics Buy or Sell Advice
The Nykode recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Nykode Therapeutics ASA. Macroaxis does not own or have any residual interests in Nykode Therapeutics ASA or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Nykode Therapeutics' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Dangerous | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Economic Sensitivity | Almost neglects market trends | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Nykode Therapeutics Trading Alerts and Improvement Suggestions
| Nykode Therapeutics generated a negative expected return over the last 90 days | |
| Nykode Therapeutics has high historical volatility and very poor performance |
Nykode Therapeutics Returns Distribution Density
The distribution of Nykode Therapeutics' historical returns is an attempt to chart the uncertainty of Nykode Therapeutics' future price movements. The chart of the probability distribution of Nykode Therapeutics daily returns describes the distribution of returns around its average expected value. We use Nykode Therapeutics ASA price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Nykode Therapeutics returns is essential to provide solid investment advice for Nykode Therapeutics.
| Mean Return | -1.03 | Value At Risk | -7.1 | Potential Upside | 8.71 | Standard Deviation | 6.86 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Nykode Therapeutics historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Nykode Therapeutics Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Nykode Therapeutics or Nykode sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Nykode Therapeutics' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Nykode stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -1 | |
β | Beta against Dow Jones | -0.29 | |
σ | Overall volatility | 6.87 | |
Ir | Information ratio | -0.17 |
Nykode Therapeutics Volatility Alert
Nykode Therapeutics ASA is displaying above-average volatility over the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Nykode Therapeutics' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Nykode Therapeutics' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Nykode Therapeutics Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Nykode . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
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