Norsk Hydro Current Valuation vs. Cash Per Share
| NHYKF Stock | USD 5.54 0.14 2.59% |
For Norsk Hydro profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Norsk Hydro to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Norsk Hydro ASA utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Norsk Hydro's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Norsk Hydro ASA over time as well as its relative position and ranking within its peers.
Norsk |
Norsk Hydro ASA Cash Per Share vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Norsk Hydro's current stock value. Our valuation model uses many indicators to compare Norsk Hydro value to that of its competitors to determine the firm's financial worth. Norsk Hydro ASA is rated top company in current valuation category among its peers. It also is considered to be number one stock in cash per share category among its peers . The ratio of Current Valuation to Cash Per Share for Norsk Hydro ASA is about 1,011,122,520 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Norsk Hydro's earnings, one of the primary drivers of an investment's value.Norsk Current Valuation vs. Competition
Norsk Hydro ASA is rated top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Aluminum industry is now estimated at about 32.87 Billion. Norsk Hydro totals roughly 13.97 Billion in current valuation claiming about 43% of stocks in Aluminum industry.
Norsk Cash Per Share vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Norsk Hydro |
| = | 13.97 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Norsk Hydro |
| = | 13.82 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Norsk Cash Per Share Comparison
Norsk Hydro is currently under evaluation in cash per share category among its peers.
Norsk Hydro Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Norsk Hydro, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Norsk Hydro will eventually generate negative long term returns. The profitability progress is the general direction of Norsk Hydro's change in net profit over the period of time. It can combine multiple indicators of Norsk Hydro, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, remelting, and recycling activities and provision of extruded solutions worldwide. Norsk Hydro ASA was founded in 1905 and is headquartered in Oslo, Norway. NORSK HYDRO operates under Aluminum classification in the United States and is traded on OTC Exchange. It employs 31000 people.
Norsk Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Norsk Hydro. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Norsk Hydro position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Norsk Hydro's important profitability drivers and their relationship over time.
Use Norsk Hydro in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Norsk Hydro position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Norsk Hydro will appreciate offsetting losses from the drop in the long position's value.Norsk Hydro Pair Trading
Norsk Hydro ASA Pair Trading Analysis
The ability to find closely correlated positions to Norsk Hydro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Norsk Hydro when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Norsk Hydro - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Norsk Hydro ASA to buy it.
The correlation of Norsk Hydro is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Norsk Hydro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Norsk Hydro ASA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Norsk Hydro can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Norsk Hydro position
In addition to having Norsk Hydro in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Drugs
Companies involved in medical and pharmaceutical drug research, manufacturing, and delivery. The Drugs theme has 45 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Drugs Theme or any other thematic opportunities.
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Other Information on Investing in Norsk OTC Stock
To fully project Norsk Hydro's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Norsk Hydro ASA at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Norsk Hydro's income statement, its balance sheet, and the statement of cash flows.