Norsk Hydro Asa Stock Beta

NHYKF Stock  USD 5.40  0.09  1.69%   
Norsk Hydro ASA fundamentals help investors to digest information that contributes to Norsk Hydro's financial success or failures. It also enables traders to predict the movement of Norsk OTC Stock. The fundamental analysis module provides a way to measure Norsk Hydro's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Norsk Hydro otc stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Norsk Hydro ASA OTC Stock Beta Analysis

Norsk Hydro's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

 = 

Covariance

Variance

More About Beta | All Equity Analysis

Current Norsk Hydro Beta

    
  1.4  
Most of Norsk Hydro's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Norsk Hydro ASA is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Competition

In accordance with the recently published financial statements, Norsk Hydro ASA has a Beta of 1.4038. This is 61.36% higher than that of the Basic Materials sector and about the same as Aluminum (which currently averages 1.4) industry. The beta for all United States stocks is notably lower than that of the firm.

Norsk Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Norsk Hydro's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the otc stocks which would be a good addition to a portfolio. Peer analysis of Norsk Hydro could also be used in its relative valuation, which is a method of valuing Norsk Hydro by comparing valuation metrics of similar companies.
Norsk Hydro is currently under evaluation in beta category among its peers.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Norsk Hydro will likely underperform.

Norsk Fundamentals

About Norsk Hydro Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Norsk Hydro ASA's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Norsk Hydro using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Norsk Hydro ASA based on its fundamental data. In general, a quantitative approach, as applied to this otc stock, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Currently Active Assets on Macroaxis

Other Information on Investing in Norsk OTC Stock

Norsk Hydro financial ratios help investors to determine whether Norsk OTC Stock 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 Hydro security.