Norsk Hydro's market value is the price at which a share of Norsk Hydro trades on a public exchange. It measures the collective expectations of Norsk Hydro ASA investors about its performance. Norsk Hydro is trading at 5.30 as of the 23rd of July 2025. This is a 3.92% up since the beginning of the trading day. The stock's lowest day price was 5.3. With this module, you can estimate the performance of a buy and hold strategy of Norsk Hydro ASA and determine expected loss or profit from investing in Norsk Hydro over a given investment horizon. Check out Norsk Hydro Correlation, Norsk Hydro Volatility and Norsk Hydro Alpha and Beta module to complement your research on Norsk Hydro.
Please note, there is a significant difference between Norsk Hydro's value and its price as these two are different measures arrived at by different means. Investors typically determine if Norsk Hydro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Norsk Hydro's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Norsk Hydro 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Norsk Hydro's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Norsk Hydro.
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04/24/2025
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In 3 months and 1 day
07/23/2025
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If you would invest 0.00 in Norsk Hydro on April 24, 2025 and sell it all today you would earn a total of 0.00 from holding Norsk Hydro ASA or generate 0.0% return on investment in Norsk Hydro over 90 days. Norsk Hydro is related to or competes with Norsk Hydro, Aluminum, Alcoa Corp, AMAG Austria, Kaiser Aluminum, and Century Aluminum. Norsk Hydro ASA operates as an integrated aluminum company worldwide More
Norsk Hydro Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Norsk Hydro's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Norsk Hydro ASA upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Norsk Hydro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Norsk Hydro's standard deviation. In reality, there are many statistical measures that can use Norsk Hydro historical prices to predict the future Norsk Hydro's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Norsk Hydro. Your research has to be compared to or analyzed against Norsk Hydro's peers to derive any actionable benefits. When done correctly, Norsk Hydro's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Norsk Hydro ASA.
Norsk Hydro ASA Backtested Returns
Norsk Hydro appears to be moderately volatile, given 3 months investment horizon. Norsk Hydro ASA has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Norsk Hydro, which you can use to evaluate the volatility of the firm. Please exercise Norsk Hydro's Downside Deviation of 2.91, risk adjusted performance of 0.1327, and Mean Deviation of 2.13 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Norsk Hydro holds a performance score of 9. The company secures a Beta (Market Risk) of -0.56, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Norsk Hydro are expected to decrease at a much lower rate. During the bear market, Norsk Hydro is likely to outperform the market. Please check Norsk Hydro's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Norsk Hydro's current price movements will revert.
Auto-correlation
0.34
Below average predictability
Norsk Hydro ASA has below average predictability. Overlapping area represents the amount of predictability between Norsk Hydro time series from 24th of April 2025 to 8th of June 2025 and 8th of June 2025 to 23rd of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Norsk Hydro ASA price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Norsk Hydro price fluctuation can be explain by its past prices.
Correlation Coefficient
0.34
Spearman Rank Test
0.34
Residual Average
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Price Variance
0.03
Norsk Hydro ASA lagged returns against current returns
Autocorrelation, which is Norsk Hydro stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Norsk Hydro's stock expected returns. We can calculate the autocorrelation of Norsk Hydro returns to help us make a trade decision. For example, suppose you find that Norsk Hydro has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
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Norsk Hydro regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Norsk Hydro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Norsk Hydro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Norsk Hydro stock over time.
Current vs Lagged Prices
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Norsk Hydro Lagged Returns
When evaluating Norsk Hydro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Norsk Hydro stock have on its future price. Norsk Hydro autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Norsk Hydro autocorrelation shows the relationship between Norsk Hydro stock current value and its past values and can show if there is a momentum factor associated with investing in Norsk Hydro ASA.
Norsk Hydro financial ratios help investors to determine whether Norsk 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.