Norsk Hydro Stock Forecast - Daily Balance Of Power
NHY Stock | NOK 66.96 0.84 1.24% |
Norsk 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.
Balance of Power indicator (or BOP) measures the strength of Norsk Hydro ASA market sensitivity to bulls and bears. It estimates the ability of Norsk Hydro buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Norsk Hydro Balance of Power indicator one can determine a trend of the price direction.Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
0.3651 | (0.56) |
Check Norsk Hydro Volatility | Backtest Norsk Hydro | Information Ratio |
Norsk Hydro Trading Date Momentum
On May 15 2024 Norsk Hydro ASA was traded for 66.96 at the closing time. The maximum traded price for the trading interval was 68.46 and the lowest daily price was 66.96 . The daily volume was recorded at 3.1 M. The volume of trading on 15th of May 2024 did not cause price change. The trading delta at closing time to the closing price today is 1.58% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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 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 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 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 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.
Accumulation Distribution | 68702.52 | |||
Daily Balance Of Power | (0.56) | |||
Rate Of Daily Change | 0.99 | |||
Day Median Price | 67.71 | |||
Day Typical Price | 67.46 | |||
Price Action Indicator | (1.17) | |||
Period Momentum Indicator | (0.84) | |||
Relative Strength Index | 62.63 |
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 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 | 1.48 | |||
Semi Deviation | 1.32 | |||
Standard Deviation | 1.97 | |||
Variance | 3.88 | |||
Downside Variance | 2.44 | |||
Semi Variance | 1.75 | |||
Expected Short fall | (1.85) |
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.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Norsk Hydro to cross-verify your projections. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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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