Noranda Aluminum Holding Volatility

We have found zero technical indicators for Noranda Aluminum, which you can use to evaluate the volatility of the firm. Key indicators related to Noranda Aluminum's volatility include:
720 Days Market Risk
Chance Of Distress
720 Days Economic Sensitivity
Noranda Aluminum Pink Sheet volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Noranda daily returns, and it is calculated using variance and standard deviation. We also use Noranda's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Noranda Aluminum volatility.
  

Noranda Aluminum Holding Pink Sheet Volatility Analysis

Volatility refers to the frequency at which Noranda Aluminum pink sheet price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Noranda Aluminum's price changes. Investors will then calculate the volatility of Noranda Aluminum's pink sheet to predict their future moves. A pink sheet that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A pink sheet with relatively stable price changes has low volatility. A highly volatile pink sheet is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Noranda Aluminum's volatility:

Historical Volatility

This type of pink sheet volatility measures Noranda Aluminum's fluctuations based on previous trends. It's commonly used to predict Noranda Aluminum's future behavior based on its past. However, it cannot conclusively determine the future direction of the pink sheet.

Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for Noranda Aluminum's current market price. This means that the pink sheet will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Noranda Aluminum's to be redeemed at a future date.
Transformation
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.

Noranda Aluminum Projected Return Density Against Market

Assuming the 90 days horizon Noranda Aluminum has a beta that is very close to zero . This indicates the returns on NYSE COMPOSITE and Noranda Aluminum do not appear to be sensible.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Noranda Aluminum or Metals & Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Noranda Aluminum's price will be affected by overall pink sheet market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Noranda pink sheet's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
It does not look like Noranda Aluminum's alpha can have any bearing on the current valuation.
   Predicted Return Density   
       Returns  
Noranda Aluminum's volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how noranda pink sheet's price will differ from the mean after some time.To get its calculation, you should first determine the mean price during the specified period then subtract that from each price point.

What Drives a Noranda Aluminum Price Volatility?

Several factors can influence a pink sheet's market volatility:

Industry

Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.

Political and Economic environment

When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.

The Company's Performance

Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.

Noranda Aluminum Pink Sheet Risk Measures

Assuming the 90 days horizon the coefficient of variation of Noranda Aluminum is 0.0. The daily returns are distributed with a variance of 0.0 and standard deviation of 0.0. The mean deviation of Noranda Aluminum Holding is currently at 0.0. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.56
α
Alpha over NYSE Composite
0.00
β
Beta against NYSE Composite0.00
σ
Overall volatility
0.00
Ir
Information ratio 0.00

Noranda Aluminum Pink Sheet Return Volatility

Noranda Aluminum historical daily return volatility represents how much of Noranda Aluminum pink sheet's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The enterprise shows 0.0% volatility of returns over 90 . By contrast, NYSE Composite accepts 0.573% volatility on return distribution over the 90 days horizon.
 Performance 
       Timeline  

About Noranda Aluminum Volatility

Volatility is a rate at which the price of Noranda Aluminum or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Noranda Aluminum may increase or decrease. In other words, similar to Noranda's beta indicator, it measures the risk of Noranda Aluminum and helps estimate the fluctuations that may happen in a short period of time. So if prices of Noranda Aluminum fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
Noranda Aluminum Holding Corporation produces and sells primary aluminum, alumina, bauxite, and rolled aluminum coils in the United States. The company was founded in 2007 and is headquartered in Franklin, Tennessee. NORANDA ALUM operates under Aluminum classification in the United States and is traded on PNK Exchange. It employs 2200 people.
Noranda Aluminum's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Noranda Pink Sheet over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Noranda Aluminum's price varies over time.

3 ways to utilize Noranda Aluminum's volatility to invest better

Higher Noranda Aluminum's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Noranda Aluminum Holding stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Noranda Aluminum Holding stock volatility can provide helpful information for making investment decisions in the following ways:
  • Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Noranda Aluminum Holding investment. A higher volatility means higher risk and potentially larger changes in value.
  • Identifying Opportunities: High volatility in Noranda Aluminum's stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
  • Diversification: Understanding how the volatility of Noranda Aluminum's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Remember it's essential to remember that stock volatility is just one of many factors to consider when making investment decisions, and it should be used in conjunction with other fundamental and technical analysis tools.

Noranda Aluminum Investment Opportunity

NYSE Composite has a standard deviation of returns of 0.57 and is 9.223372036854776E16 times more volatile than Noranda Aluminum Holding. 0 percent of all equities and portfolios are less risky than Noranda Aluminum. You can use Noranda Aluminum Holding to protect your portfolios against small market fluctuations. The pink sheet experiences a normal downward fluctuation but is a risky buy. Check odds of Noranda Aluminum to be traded at $0.0 in 90 days.

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Noranda Aluminum Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Noranda Aluminum as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Noranda Aluminum's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Noranda Aluminum's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Noranda Aluminum Holding.
Check out Correlation Analysis to better understand how to build diversified portfolios. 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Other Consideration for investing in Noranda Pink Sheet

If you are still planning to invest in Noranda Aluminum Holding check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Noranda Aluminum's history and understand the potential risks before investing.
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Commodity Directory
Find actively traded commodities issued by global exchanges
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Portfolio Dashboard
Portfolio dashboard that provides centralized access to all your investments
Global Correlations
Find global opportunities by holding instruments from different markets
Fundamental Analysis
View fundamental data based on most recent published financial statements
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account