Analysis for Norwegian Air Shuttle
Description & usage
Norwegian Air Shuttle is a European airline focused on cost-efficient short- and medium-haul operations. Profitability depends on load factors, fare yields, fuel costs, and capacity discipline. Key drivers are booking momentum, fleet efficiency, operational reliability, and competitive intensity.
Basic info
- Symbol
- NAS.OL
- Type
- Stock
- Region
- Europe
- Sector
- Industrials
- Available history
- 11.1 years
- Last trading day
- 04/01/2026
Basic info
- Symbol
- NAS.OL
- Type
- Stock
- Region
- Europe
- Sector
- Industrials
- Available history
- 11.1 years
- Last trading day
- 04/01/2026
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- EZ HICP
- 2.0%
- ECB Rate
- 4.25%
- Bund 10Y
- 3.03%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core HICP
- 2.3%
- DE 2Y
- 2.62%
- EZ PMI
- –
Score overview
The overall score combines Performance, Stability and Trend into one comparable value.
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- EZ HICP
- 2.0%
- ECB Rate
- 4.25%
- Bund 10Y
- 3.03%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core HICP
- 2.3%
- DE 2Y
- 2.62%
- EZ PMI
- –
Analysis summary
Technical asset picture
Norwegian Air Shuttle (NAS.OL) currently has a total score of 28 points, placing it in the weak range. The score is made up of Performance (30), Stability (22) and Trend (33). All three sub-scores are currently below average.
Performance scores 30 points (weak). Key strength: 1Y return at 23.6 %. Main drag: 10Y return at -99.7 %. This points to a sharper upswing more recently.
Stability scores 22 points (weak). Least weak metric: return/volatility ratio at 0.65. Main drag: current drawdown at -99.7 %. Higher Stability points are better and typically reflect calmer swings and smaller drawdowns-but prices can still fall.
Trend scores 33 points (weak). Trend signals are mostly negative right now. Key strength: relative strength (12M) at 12.2 %. Main drag: trend strength at -0.71.
Overall, the score is shaped most by Trend; Stability trails and dampens the total. On a metric level, relative strength (12M) stands out, while 10Y return lags.
Current market backdrop
The backdrop currently looks mixed and rather restrictive.
A strong US dollar currently paints a mixed risk picture.
High US real yields and elevated long yields lean toward a restrictive rate backdrop.
What that typically means here
For this asset type, the current backdrop looks mixed rather than clearly directional.
Note: Euro area PMI was not used actively in the effect logic.
Historical evaluation and qualitative market context only, not investment advice.
Price chart
Use the chart to read recent price behavior before drilling into metrics.
Scores and metrics
Explore the overall score, the three pillar scores, and the metrics behind them.