Norsk Hydro OTC Stock Forecast - Rate Of Daily Change
| NHYKF Stock | USD 6.31 0.12 1.87% |
Norsk OTC Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Norsk Hydro stock prices and determine the direction of Norsk Hydro ASA's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Norsk Hydro's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Norsk Hydro to cross-verify your projections. Norsk |
Most investors in Norsk Hydro cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Norsk Hydro's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Norsk Hydro's price structures and extracts relationships that further increase the generated results' accuracy.
Rate Of Daily Change (RDOC) indicator calculates rate of change of a given period over the current closing price of Norsk Hydro.| Previous Rate Of Daily Change | Rate Of Daily Change | Trend |
| 0.97 | 0.98 |
| Check Norsk Hydro Volatility | Backtest Norsk Hydro | Information Ratio |
Norsk Hydro Trading Date Momentum
| On May 07 2024 Norsk Hydro ASA was traded for 6.31 at the closing time. The highest daily price throughout the period was 6.56 and the lowest price was 6.31 . There was no trading activity during the period 0.0. Lack of trading volume on 05/07/2024 did not cause price change. The trading delta at closing time to current closing price is 3.01% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
| Compare Norsk Hydro to competition |
Other Forecasting Options for Norsk Hydro
For every potential investor in Norsk, whether a beginner or expert, Norsk Hydro's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Norsk OTC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Norsk. Basic forecasting techniques help filter out the noise by identifying Norsk Hydro's price trends.Norsk Hydro Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Norsk Hydro otc stock to make a market-neutral strategy. 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 with similar companies.
| Risk & Return | Correlation |
Norsk Hydro ASA Technical and Predictive Analytics
The otc stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Norsk Hydro's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Norsk Hydro's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Norsk Hydro Market Strength Events
Market strength indicators help investors to evaluate how Norsk Hydro otc 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 otc stock market strength indicators, traders can identify Norsk Hydro ASA entry and exit signals to maximize returns.
Norsk Hydro Risk Indicators
The analysis of Norsk Hydro's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Norsk Hydro's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting norsk otc stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.88 | |||
| Semi Deviation | 1.93 | |||
| Standard Deviation | 2.4 | |||
| Variance | 5.77 | |||
| Downside Variance | 4.57 | |||
| Semi Variance | 3.73 | |||
| Expected Short fall | (2.27) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Norsk Hydro to cross-verify your projections. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Complementary Tools for Norsk OTC 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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