Norsk Hydro (Norway) Technical Analysis
| NHY Stock | NOK 71.34 1.86 2.68% |
As of the 18th of April 2024, Norsk Hydro secures the Risk Adjusted Performance of 0.0621, mean deviation of 1.59, and Downside Deviation of 1.68. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Norsk Hydro ASA, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for Norsk Hydro, which can be compared to its peers in the industry. Please verify Norsk Hydro ASA maximum drawdown, as well as the relationship between the downside variance and skewness to decide if Norsk Hydro ASA is priced some-what accurately, providing market reflects its recent price of 71.34 per share.
Norsk Hydro Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Norsk, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NorskNorsk |
Norsk Hydro technical stock 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, stock market cycles, or different charting patterns.
Norsk Hydro ASA Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Norsk Hydro ASA volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Norsk Hydro ASA Trend Analysis
Use this graph to draw trend lines for Norsk Hydro ASA. You can use it to identify possible trend reversals for Norsk Hydro as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Norsk Hydro price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Norsk Hydro Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Norsk Hydro ASA applied against its price change over selected period. The best fit line has a slop of 0.14 , which means Norsk Hydro ASA will continue generating value for investors. It has 122 observation points and a regression sum of squares at 699.5, which is the sum of squared deviations for the predicted Norsk Hydro price change compared to its average price change.About Norsk Hydro Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Norsk Hydro ASA on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Norsk Hydro ASA based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Norsk Hydro ASA price pattern first instead of the macroeconomic environment surrounding Norsk Hydro ASA. By analyzing Norsk Hydro's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Norsk Hydro's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Norsk Hydro specific price patterns or momentum indicators. Please read more on our technical analysis page.
Norsk Hydro April 18, 2024 Technical Indicators
Most technical analysis of Norsk help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Norsk from various momentum indicators to cycle indicators. When you analyze Norsk charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0621 | |||
| Market Risk Adjusted Performance | (0.14) | |||
| Mean Deviation | 1.59 | |||
| Semi Deviation | 1.44 | |||
| Downside Deviation | 1.68 | |||
| Coefficient Of Variation | 1146.05 | |||
| Standard Deviation | 2.17 | |||
| Variance | 4.71 | |||
| Information Ratio | 0.0617 | |||
| Jensen Alpha | 0.2343 | |||
| Total Risk Alpha | 0.0228 | |||
| Sortino Ratio | 0.0799 | |||
| Treynor Ratio | (0.15) | |||
| Maximum Drawdown | 10.81 | |||
| Value At Risk | (2.85) | |||
| Potential Upside | 5.13 | |||
| Downside Variance | 2.81 | |||
| Semi Variance | 2.07 | |||
| Expected Short fall | (1.92) | |||
| Skewness | 0.9884 | |||
| Kurtosis | 1.24 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Norsk Hydro ASA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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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