Novo Nordisk As Stock Price on December 22, 2023

NONOF Stock  USD 109.40  0.40  0.37%   
If you're considering investing in Novo Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Novo Nordisk stands at 109.40, as last reported on the 4th of December, with the highest price reaching 110.00 and the lowest price hitting 109.35 during the day. Novo Nordisk AS has Sharpe Ratio of -0.0934, which conveys that the firm had a -0.0934% return per unit of risk over the last 3 months. Novo Nordisk exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Novo Nordisk's Standard Deviation of 2.6, risk adjusted performance of (0.09), and Mean Deviation of 2.08 to check out the risk estimate we provide.
  
Novo Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0934

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Estimated Market Risk

 2.58
  actual daily
22
78% of assets are more volatile

Expected Return

 -0.24
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.09
  actual daily
0
Most of other assets perform better
Based on monthly moving average Novo Nordisk 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 Novo Nordisk by adding Novo Nordisk to a well-diversified portfolio.

Novo Nordisk Valuation on December 22, 2023

It is possible to determine the worth of Novo Nordisk on a given historical date. On December 22, 2023 Novo was worth 103.77 at the beginning of the trading date compared to the closed value of 99.89. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Novo Nordisk pink sheet. Still, in general, we apply an absolute valuation method to find Novo Nordisk'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 Novo Nordisk where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Novo Nordisk's related companies.
 Open High Low Close Volume
  103.38    104.59    99.22    102.26    51,544  
12/22/2023
  103.77    103.77    99.40    99.89    11,325  
  103.85    104.39    97.86    99.58    2,508  
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Open Value
103.77
99.89
Closing Value
111.52
Upside

Novo Nordisk Trading Date Momentum on December 22, 2023

On December 26 2023 Novo Nordisk AS was traded for  99.58  at the closing time. The highest daily price throughout the period was 104.39  and the lowest price was  97.86 . The daily volume was 2.5 K. The net trading volume on 12/26/2023 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.31% . The trading delta at closing time to current closing price is 0.49% .

Novo Nordisk AS Fundamentals Correlations and Trends

By evaluating Novo Nordisk'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 Novo Nordisk's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Novo financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Novo Nordisk Pink Sheet history

Novo Nordisk 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 Novo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Novo Nordisk AS 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 Novo Nordisk stock prices may prove useful in developing a viable investing in Novo Nordisk
Novo Nordisk AS, a healthcare company, engages in the research, development, manufacture, and marketing of pharmaceutical products worldwide. The company was founded in 1923 and is headquartered in Bagsvaerd, Denmark. NOVO NORDISK is traded on OTC Exchange in the United States.

Novo Nordisk Pink Sheet Technical Analysis

Novo Nordisk technical pink sheet 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, pink sheet market cycles, or different charting patterns.
A focus of Novo Nordisk technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Novo Nordisk 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

Novo Nordisk Period Price Range

Low
December 4, 2024
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High

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 0.00 

Novo Nordisk AS cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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.

Novo Nordisk December 4, 2024 Market Strength

Market strength indicators help investors to evaluate how Novo Nordisk pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Novo Nordisk shares will generate the highest return on investment. By undertsting and applying Novo Nordisk pink sheet market strength indicators, traders can identify Novo Nordisk AS entry and exit signals to maximize returns

Novo Nordisk Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Novo Nordisk's price direction in advance. Along with the technical and fundamental analysis of Novo Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Novo 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 Novo Pink Sheet analysis

When running Novo Nordisk's price analysis, check to measure Novo Nordisk'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 Novo Nordisk is operating at the current time. Most of Novo Nordisk's value examination focuses on studying past and present price action to predict the probability of Novo Nordisk's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novo Nordisk's price. Additionally, you may evaluate how the addition of Novo Nordisk to your portfolios can decrease your overall portfolio volatility.
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