Norsk Hydro (Germany) Price on December 25, 2024

NOHA Stock  EUR 5.15  0.10  1.98%   
If you're considering investing in Norsk Stock, it is important to understand the factors that can impact its price. As of today, the current price of Norsk Hydro stands at 5.15, as last reported on the 26th of December, with the highest price reaching 5.15 and the lowest price hitting 5.15 during the day. Norsk Hydro ASA has Sharpe Ratio of -0.0318, which conveys that the firm had a -0.0318% return per unit of risk over the last 3 months. Norsk Hydro exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Norsk Hydro's Risk Adjusted Performance of 0.022, downside deviation of 2.79, and Mean Deviation of 1.9 to check out the risk estimate we provide.
  
Norsk Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0318

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Estimated Market Risk

 2.66
  actual daily
23
77% of assets are more volatile

Expected Return

 -0.08
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.03
  actual daily
0
Most of other assets perform better
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 December 25, 2024

It is possible to determine the worth of Norsk Hydro on a given historical date. On December 25, 2024 Norsk was worth 5.15 at the beginning of the trading date compared to the closed value of 5.15. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Norsk Hydro 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
  5.15    5.15    5.15    5.15    79.00  
12/26/2024
  5.15    5.15    5.15    5.15    0.00  
Backtest Norsk Hydro  |  Norsk Hydro History  |  Norsk Hydro Valuation   Previous
Open Value
5.15
5.15
Closing Value
13.12
Upside

Norsk Hydro Trading Date Momentum on December 25, 2024

On December 26 2024 Norsk Hydro ASA was traded for  5.15  at the closing time. The maximum traded price for the trading interval was 5.15  and the lowest daily price was  5.15 . There was no trading activity during the period 0.0. Lack of trading volume on 26th of December 2024 did not cause price change. The trading delta at closing time to the closing price today is 0.00% .

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 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 operates as an integrated aluminum company worldwide. Norsk Hydro ASA was founded in 1905 and is headquartered in Oslo, Norway. NORSK HYDRO operates under Aluminum classification in Germany and is traded on Frankfurt Stock Exchange. It employs 35000 people.

Norsk Hydro Stock Technical Analysis

Norsk Hydro technical 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, stock market cycles, or different charting patterns.
A focus of Norsk Hydro technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Norsk Hydro trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Norsk Hydro Period Price Range

Low
December 26, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Norsk Hydro ASA cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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 December 26, 2024 Market Strength

Market strength indicators help investors to evaluate how Norsk Hydro 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 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 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.

Complementary Tools for Norsk Stock analysis

When running Norsk Hydro's price analysis, check to measure Norsk Hydro's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Norsk Hydro is operating at the current time. Most of Norsk Hydro's value examination focuses on studying past and present price action to predict the probability of Norsk Hydro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Norsk Hydro's price. Additionally, you may evaluate how the addition of Norsk Hydro to your portfolios can decrease your overall portfolio volatility.
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